Bitcoin Price Surges Above $91,000 as Altcoins Show Mixed Performance

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Bitcoin (BTC) price has risen above $91,000, reversing declines initiated by Polymarket. Such rapid increases in cryptocurrency markets often lead to unexpected double-digit drops. Therefore, traders must remain aware of the risks associated with high leverage. What are the forecasts for Chiliz (CHZ), CEEK, and Floki Coin?

Chiliz (CHZ)

Chiliz, the leading player in the fan token space, has made significant strides this year. However, it has not performed as expected during the recent surge. Factors like the excitement surrounding ongoing leagues and championships, which will conclude by mid-next year, could support further price increases. At the time of writing, CHZ Coin is priced at $0.654.

Previously, we mentioned a potential test of $0.07. Although it attempted to exceed the midpoint of the parallel channel, it could not maintain this position. The risks associated with unlimited supply are concerning; however, the lack of competition in the fan token sector motivates CHZ Coin investors. If the midpoint can be surpassed, we may see attempts at $0.0848 and $0.0966.

CEEK Coin

Despite the overall rise in cryptocurrencies, CEEK Coin has struggled to surpass $0.0314. The increase from the bottom has lagged significantly behind Bitcoin’s price rise. This disinterest stems from a waning excitement in the metaverse space and a decline in investor confidence due to various events surrounding CEEK Coin. While it could yield profits as everything else rises, it appears risky in the long term, with speculative targets set at $0.03746.

Floki Coin

Bullish sentiment has led to a successful retention of Floki Coin’s price above $0.00011116. In response, the FLOKI price has surged by 111% over the past 11 days. With Bitcoin continuing to consolidate at higher levels, traders may target $0.00032095.

The only risk for the markets would be a sudden reversal in Trump’s stance on cryptocurrencies. However, it seems unlikely that the new president, who has initiated his own DeFi project, would take such a drastic position that could undermine the current cycle.

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