Keynote
Bitcoin prices show fresh bullish momentum after three months of consolidation between $91,000 and $109,000.
Bitcoin-led cryptocurrency market
BTC
$84 353
24-hour volatility:
0.3%
Market Cap:
$1.67 t
Vol. 24H:
$15.39 b
We have tried to reflect the gold price action that has been making price discoveries since early February 2024. Over the past two weeks, gold prices have risen by more than 11%, reaching a new high of around $2,940 per ounce in the last 24 hours.
As a result, retail and institutional investors are rushing to relocate their portfolios in preparation for the crypto-releasing rally in the near future. Furthermore, the mainstream adoption process for digital assets has reached the nation-state level after involving facility investors in the past few years.
Expecting the price of medium-term Bitcoin
Bitcoin prices have been trapped in horizontal integration channels between $91,000 and $109,000 over the past three months. However, Crypto analyst Ali Martinez noted that Bitcoin prices have gained bullish momentum over the past few days, which could lead to a reversal of the trend.
For bullish breakouts above $109,000, Bitcoin prices will rise towards their next target of around $144,000. This coincides with the monthly Fibonacci expansion of 1.618.
#bitcoin $btc’s momentum has changed, indicating a possible reversal of trends! pic.twitter.com/vfxojaifkt
– Ali (@Ali_Charts) February 13, 2025
Analysts at Crypto noted that Bitcoin’s price will consistently close down resistance levels above about 97.5k, and that bearish feelings should be negated soon. Additionally, Crypto analysts emphasized that Bitcoin’s prices do not have a robust support level of over $92,000.
BNB Chain Tokens lead in the expected AltSeason
After Bitcoin prices have surpassed most of Altcoin over the past two years, a layer shift has been occurring gradually, favoring Layer 1 (L1) coins and utility-based tokens. Additionally, on-chain data shows Altcoins led by Ethereum
ETH
$1 996
24-hour volatility:
1.6%
Market Cap:
$240.86 b
Vol. 24H:
$9.27 b
and XRP
XRP
$2.40
24-hour volatility:
0.6%
Market Cap:
$139.81 b
Vol. 24H:
2.49 b
– Registering network users’ growth compared to Bitcoin.
Even as cryptocurrencies like Ethereum and XRP continue to watch their networks grow in more and more wallets, the same is not true for Bitcoin. Crypto’s top caps have fewer 277.24k non-empty wallets than they were three weeks ago.
The decline appears to be mainly due to the smallest…pic.twitter.com/v2rjwdnay9
– santiment (@santimentfeed) February 12, 2025
Overall Bitcoin wallets have fallen by more than 277k over the past three weeks, according to chain-on-chain data analysis by Santiment. As a result, the overall Bitcoin wallet total has dropped to the lowest level since December 10th, 2024.
In the last 24 hours, BNB chain-based Crypto Tokens have registered palpable profits compared to the wider market. As Coinspeaker pointed out, Pancakeswap (Cake), the largest distributed exchange (DEX) in the BNB chain, leads weekly trading volumes of around $20 billion each week compared to its peers.
As a result, the price of cakes
cake
$2.63
24-hour volatility:
3.0%
Market Cap:
$794.65 m
Vol. 24H:
$459.50 m
It has more than doubled in the last few days, trading for around $2.96 during the early New York session on Thursday, February 16th. It recorded a fully diluted valuation of approximately $1.1 billion, with an average 24-hour trading volume increasing to approximately $1.28 billion at the time of writing.
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Disclaimer: Coinspeaker is committed to providing fair and transparent reporting. This article is intended to provide accurate and timely information, but should not be considered financial or investment advice. Market conditions can change quickly, so we recommend that you review your information yourself and consult with an expert before making a decision based on this content.
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