Top Cryptos Surge as Bitcoin Eyes $130K milestone
Bitcoin, Ethereum, and XRP are experiencing a strong rally. These top cryptocurrencies are climbing, with Bitcoin approaching the $130,000 mark. As BTC enters a price revelation phase, institutional investors are accumulating, suggesting further gains are likely.
Traders and investors may consider opening long positions in these top cryptos. Derivatives data indicates bullish sentiment, with options traders expecting more gains as trade tensions ease.
Bitcoin reached a new all-time high on July 9,retesting the $111,980 peak. It’s now nearing $120,000. The next key level is the 127.20% Fibonacci retracement, around $130,935. The MACD shows positive momentum, but the RSI suggests Bitcoin is overvalued. A drop below 70 on the RSI could signal a sell-off. However, the overall trend remains bullish. The MACD histogram is green, signaling upward momentum. The $130,000 target is in sight, driven by rising capital inflows. Ethereum and XRP are also rallying, with ETH breaking $3,000 and XRP hitting $2.77. The market is bullish, with the $130,000 level as the next target. the MACD histogram is above the neutral line, confirming the uptrend. The RSI indicates overvaluation, so traders shoudl monitor for a potential reversal.
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