Bitcoin continues to find buyers above $122,000 as the daily close approaches, and Binance Coin (BNB) is advancing toward $1,300. This could indicate a promising weekend for altcoins, contingent on the short-term continuation of positive sentiment. Technology stock increases are supporting the crypto market, with artificial intelligence deals further boosting optimism across risk markets.
Is Bitcoin’s Rise Over?
Analysts offer insights into short, medium, and long-term outlooks, which sometimes appear contradictory. For instance, an analyst may note the monthly chart structure has deteriorated, increasing risk while decreasing reward, yet still be bullish in the short term. Conversely, another analyst might predict declines imminently.
Roman Trading provides a notable example. The analyst accurately predicted the recent short-term rally but issued a cautionary note in his latest assessment. He argues that while short-term upside momentum is evident, it hasn’t altered his overall macro view that the long-term bullish trend is over, prompting him to sell his spot positions.
The coming days will reveal whether the analyst’s assertion of a long-term decline in Bitcoin is accurate. Should Bitcoin surge past $135,000 into new highs, it might be seen as paving the way for a continued rise toward an ambitious $200,000 target. Roman Trading suggests that while no new significant all-time high is expected above $125,000, liquidity might shift to altcoins, potentially sparking an altcoin bull run in the final quarter. Time will tell if he is proven correct.
XRP and Aster Insights
As we head into the weekend, various analysts are providing brief insights into XRP and Aster Coin. Although volumes tend to weaken over the weekend, potential profit‑taking in Bitcoin could lead investors toward altcoins, initiating what’s termed an “altcoin bull run.” According to analyst Mikybul, the medium to long‑term forecast for XRP Coin, supported by graph analysis, suggests that $21 is an optimistic target with a potential range of $6‑10 before the cycle concludes.
Lark Davis is focusing on Aster, a popular altcoin in recent weeks. Observing that it is on the verge of breaking out from its bullish flag pattern, he targets $2.96 if it maintains a closing price above $2.4.
