Bitcoin Price Surges as Market Trends Shift

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Bitcoin price is no longer at familiar levels and continues to strengthen. The historical peak has been surpassed. In early November 2021, BTC also reached new heights. There are significant differences between that cycle and today, and the cycle’s peak will likely be much higher.

Bitcoin (BTC)

During the last cycle’s peak, spot BTC ETFs and Trump’s victory were absent. The US president was not crypto-friendly, and there had been no approval for ETH ETFs. However, much has changed since the last bull season. After some remarkably boring price movements, BTC has finally begun to set new historical highs again.

Daan Crypto Trades commented on short-term movements:

“Bitcoin showed a significant increase in Open Interest this morning, especially noting the relatively small price movement during this rise. This will likely be a theme moving forward.

Short-term overheating -> Quick drop (like last night) -> Rebound -> New peaks.”

Jelle highlighted that after a 2.5-year nightmare, those who remained patient are now entering a reward period. The analyst expects much more, forecasting that the BTC price will reach new peaks above 100,000 dollars.

US stocks opened positively, MicroStrategy is acquiring BTC, and as prices rise, more individual traders need to flock to the crypto markets with the Trump factor. Coinbase shares started the new week above 300 dollars following a record high. The stock reached its peak in November 2021 in line with the BTC ATH.

Solana (SOL)

As the largest Ethereum competitor, Solana stands at a significant point among layer1 solutions. At the time of writing, while the BTC price is challenging 82,200 dollars, SOL Coin is trading at 219 dollars. Phoenix noted:

“SOL has recorded its highest weekly close in nearly three years, above the critical weekly supply area. The first TP targets are shown on the chart.”

The analyst remarked that despite the ups and downs, this journey is exciting. According to the chart, SOL Coin price will peak between 259 and 415 dollars, then gather strength for a new record at 511 dollars.

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