Crypto Week Ahead: Bitcoin Bulls Eye Breakout As Volatility Looms
Before we proceed further, readers should note that the overall crypto market and coin prices are extremely volatile. There are no foolproof methods to ascertain how cryptocurrencies are expected to behave in the future.
This article is aimed at helping investors stay on top of the current market scenarios and the biggest events that have already taken place as well as some upcoming occurrences that are worth noting. Investors are advised to do their research before taking any calls. Crypto Prices Over The Past Week
Last Monday (May 12), the overall crypto market cap stood at $3.34 trillion. BTC price stood at nearly $104,000. ETH price stood at around $2,500.
A week later, the overall market cap dipped to $3.25 trillion.
Check Out Top Crypto Prices Today
Over the past seven days, Bitcoin achieved a high of $106,566.10 (on May 19) and a low of $100,833.29 (May 13).
Ethereum, on the other hand, saw a high of $2,731.20 (May 14) and a low of $2,360.10 (May 19). Crypto Events To Note
Bitcoin continues to dominate headlines as it flirts with record highs and heightened volatility. A mysterious whale has placed a leveraged bet near $103K, raising concerns of market manipulation.
While BTC holds steady around $103,684, traders eye a breakout above $110K or a pullback to $98K. The Fear & Greed Index shows growing greed, reflecting bullish sentiment. Ethereum is rebounding, and BTC has surged past $106K, with predictions of a rally to $130K if macro conditions support.
However, a sudden dip from $107K triggered a broader crypto market correction, impacting major altcoins like Ethereum, Litecoin, and Tron.
Caution remains key. What Crypto Traders Are Saying About Current Market Scenario
Alankar Saxena, CTO and co-founder, Mudrex, told ABP Live , 'Bitcoin is currently trading around the $104,000 mark, supported by growing bullish sentiment. Interestingly, BTC seems to be on the verge of forming a golden cross this week, similar to patterns seen in February and October last year, which historically preceded significant rallies and could once again propel prices to record highs. A decisive breakout above $105,000 could signal a bullish continuation, paving the way for new all-time highs. However, a drop below the $102,500 support zone may trigger a short-term pullback toward $100,000.'
Srinivas L, CEO, 9Point Capital, said, 'Bitcoin (BTC) is consolidating just above $103K after a strong 25% rally over the last two months — a healthy sign of strength after a sustained move. With U.S. inflation cooling and Fed rate cut expectations rising, risk appetite is improving. Institutional demand remains solid, with cumulative spot ETF inflows now surpassing $40B, led by BlackRock and Fidelity. On-chain data shows long-term holders accumulating, and key supports at $100K and $97K continue to hold firm. We view this as a buy-the-dip environment within a broader bullish structure.'
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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