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Bitcoin price has encountered strong resistance around the $100,000 level amid profit-taking by retail investors.Crypto analysts believe the coin has more upside potential as demand continues to grow while supply diminishes. In a recent piece, the Wall Street Journal noted that the coin’s supply was one of the primary reasons why it will continue rising in value. Bitcoin’s supply is capped at 21 million coins, with over 19.7 million already mined, leaving only 1.3 million yet to be created. Furthermore, millions of coins have been lost and are unlikely ever to be recovered.Additionally, significant portions of Bitcoin are held by entities unwilling to sell, such as MicroStrategy and Marathon Digital. The amount of Bitcoin on exchanges has continued to decline, now standing at approximately 2.24 million, down from 2.7 million in January. Meanwhile, Bitcoin’s mining difficulty has risen since the last halving event. Meanwhile, Bitcoin demand is rising, as evidenced by the ongoing inflows in the exchange-traded funds industry. Inflows have crossed the important level at $34 billion, higher than what most analysts were expecting. These funds now hold assets worth over $107 billion. Crypto analysts remain optimistic about Bitcoin’s future price performance. In an X post, Ali Martinez, a popular cryptocurrency analyst, projected that Bitcoin could eventually rise to $275,000. If accurate, this forecast implies a 177% increase from current levels.Other analysts are also upbeat. In a note, analysts at Bitwise predicted that Bitcoin could reach $200,000 by 2025 as ETFs attract more inflows. They also projected that Bitcoin might surpass gold’s $18 trillion market cap by 2029. The weekly chart shows that the BTC price has made a strong bullish breakout in the past few weeks. It recently crossed the important resistance level at $69,210, the upper side of the cup and handle pattern. Bitcoin price has remained above the 50-week and 200-week Exponential Moving Averages, which made a golden cross in April 2023. It also has the momentum as the Average Directional Index has tilted upwards. Therefore, the coin will likely continue rising as bulls target the key resistance level at $122,258.

$SAND Renowned cryptocurrency analyst Ali Martinez has expressed a bullish outlook on The Sandbox (SAND), highlighting its potential for significant price appreciation. In December 2023, Martinez identified the $0.55 level as a key resistance point for SAND. He noted that surpassing this threshold could open the path for the token to reach the next critical resistance zone between $0.90 and $1.35, where approximately 23,000 addresses collectively hold 447 million SAND tokens. Martinez's analysis suggests that if SAND breaks through the $0.55 resistance, it could experience a substantial upward movement, potentially targeting the $1.35 level. This projection is based on the observation of a clear path ahead with no major resistance between these price points. It's important to note that cryptocurrency markets are highly volatile, and price predictions are subject to change based on market dynamics and external factors. Investors should conduct thorough research and consider various analyses before making investment decisions. $SAND happy Christ birth in Advance 🌹

Dogecoin (DOGE) Making a Comeback: Can It Reach $10 with Familiar Chart Patterns? Analysts see parallels in Dogecoin's 2020 pattern, hinting at a bullish surge to $10. Bollinger Bands indicate resistance; breakthrough could lead to a $0.1 target. Dogecoin whales, holding 10M+ DOGE, choose accumulation over selling during a market dip. While Dogecoin (DOGE) taking a back seat in the recent altcoin surge, the meme-favorite cryptocurrency is back in the spotlight. Analysts are drawing parallels between its recent subdued performance and the notable 2021 bull run, sparking speculation that DOGE could be on track to hit $10 in the upcoming bull market. Crypto analyst Ali Martinez, known for insightful market observations, has pointed out intriguing similarities between Dogecoin’s recent price movements and those witnessed in 2020.  The price action of #Dogecoin is showing familiar patterns reminiscent.

Ethereum Whales Bought $1 Billion ETH In The Past 96 Hours : Ethereum has faced significant volatility over the past few days, with massive selling pressure emerging after the cryptocurrency failed to break above its yearly highs set earlier in December. This price action has left traders and investors questioning the next direction for ETH as it consolidates under critical resistance. Despite the turbulence, on-chain data suggests a potentially bullish outlook. Analyst Ali Martinez shared insightful metrics showing that Ethereum whales have been accumulating heavily during this period of uncertainty. According to the data, whales purchased 340,000 ETH—worth over $1 billion—in the last 96 hours. This significant accumulation indicates that major players see long-term value in Ethereum, even as short-term market sentiment remains mixed.

Notable market analyst Dima James Potts believes Dogecoin will surge to a double-digit figure this bull cycle, providing the timeline for its realization. Dogecoin has shown strong recovery signs after a substantial correction yesterday. The doggy-themed meme coin bounced from an over six-week low of $0.26216 on Dec. 20, closing above $0.31000. Furthermore, $DOGE has continued its bullish momentum today, appreciating over 8% at press time to $0.345. Amid the bounce, a notable analyst, Dima James Potts, has provided his Dogecoin price target for this cycle. Analyst Says $10 is Dogecoin’s Minimum Price Target Potts acknowledged the crypto market’s cyclical paradigm, noting that Bitcoin and major digital assets tend to trounce their previous cycle’s highs in the fourth year of each bull run. With the analogy, the analyst predicted that Dogecoin would soon surpass its all-time high of $0.73995. Furthermore, Potts stated that Dogecoin has outperformed its third-year performance in the last two bull cycles. For context, Dogecoin surged 72.37% in 2016 and 114.86% in 2020 but has appreciated by an impressive 282.67% this year. Meanwhile, the commentary shows the analyst expects Dogecoin to close at around $0.31 this year before pushing to at least $10 next year. Notably, $10 is Potts’ base case prediction for 2025, as his chart shows the meme coin can reach $80 per coin, an extremely ambitious target. Timeline for Dogecoin to $10 Concurrently, Potts provided a timeline for Dogecoin to reach the $10 target. According to his tweet today, the leading meme coin will attain this price level between February 11 and May 7, 2025. The analyst suggested that Bitcoin might see multiple cycle tops next year. However, Dogecoin will peak on the premier asset’s first top within the date range. Meanwhile, Potts speculated that growing adoption and technological advancement will drive Dogecoin’s rally next year. Notably, the seventh-largest cryptocurrency by market cap gained traction in November, as the establishment of the D.O.G.E. (Department of Government Efficiency) spurred attention. Other Dogecoin to $10 Predictions Additionally, Potts is not the only analyst speculating a Dogecoin surge to $10; other analysts have made similar calls. For instance, seasoned market analyst Ali Marinez asserted that Dogecoin will hit $10, citing a rally to the tip of its ascending triangle. Meanwhile, Changelly and ChatGPT also predicted that Dogecoin will reach $10. The trading platform predicted that the meme coin would do so in 2040, while the AI bot expects this to happen between 2029 and 2034.