Daily Crypto Signals: Bitcoin Steadies Near $96K While XRP Forms Bullish Pattern
The cryptocurrency market shows mixed signals as Bitcoin trades in a tight range around $96,000, while XRP forms a potentially bullish symmetrical triangle pattern. Former Trump administration advisor Kevin Hassett’s regular meetings with Federal Reserve Chairman Jerome Powell have sparked renewed discussions about interest rate policies that could impact crypto markets.
Crypto Market Updates
The Inter-Exchange Flow Pulse (IFP) measure for Bitcoin shows warning signals of a possible negative phase, therefore creating a complicated scene for the bitcoin market. As President Javier Milei supports a Solana-based token that causes a $107 million loss for investors, a debate has developed in Argentina about possible impeachment of him. Notable Bitcoin analyst PlanB, claiming convenience over self-custody, has especially converted his whole Bitcoin assets into spot ETFs.
Bitcoin Trading in a Tight Range Under $98,5000
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Bitcoin BTC/USD keeps narrowing in a limited range between $94,800 and $98,500 while bulls defend vital support at $94,000. Long-term forecasts remain hopeful despite temporary uncertainties; analysts such as Gert van Lagen anticipate possible prices of $270,000-$300,000 by 2025. As Bitcoin moves from derivatives to spot markets, the IFP indicator shows traders’ declining risk appetite, though.
Ethereum Options Market Flashes Bullish Signal
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With over 70% of open interest focused on call contracts, Ethereum’s options market is clearly showing a quite positive attitude. Though there are still great downside possibilities, traders are especially concerned on strike prices between $3,000 and $4,000. With $500 million in possible liquidations lurking below the $2,600 support level, ETH now trades about $2,666, roughly 44% below its all-time high.
Top Altcoins to Watch Today
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Several altcoins are showing promising technical setups:
- XRP XRP/USD – Forming a symmetrical triangle pattern with bullish indicators, including an upturning 20-day EMA and positive RSI readings.
- Litecoin LTC/USD – Trading within a symmetrical triangle with upsloping moving averages suggesting potential upside.
- MANTRA (OM) – Maintaining strong uptrend momentum despite recent profit-taking above $8.00.
- Gate Token – Recently broke above its downtrend line, signaling a potential trend reversal with key support at the 20-day EMA ($22.22).
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