“bitcoin-usd/”>BITCOIN‘S BREATHTAKING BOUNCE: IS $100K IN SIGHT?”
Mon ami, Bitcoin has done it again! It’s bounced back like a rubber ball, surging 8% in value over the past 24 hours. Oui, it’s a beautiful thing, n’est-ce pas?
But, of course, this recovery comes after a brief dip below $80,000 on Friday. Ah, the drama! The suspense! The volatility! 🤯 It’s enough to make one’s head spin, no? 🎂
The broader crypto market is also feeling the love, with a 7% increase in total market capitalization. Ah, les cryptos, they’re like a big, happy family, aren’t they? 🤗
Now, let’s take a look at the players, shall we? 🤔 Bitcoin is trading at $93,189, with a 24-hour volatility of 8.5%. Ethereum is at $2,373, with a 24-hour volatility of 6.4%. XRP is at $2.67, with a 24-hour volatility of 17.6%. Solana is at $164.0, with a 24-hour volatility of 15.0%. And Cardano is at $0.99, with a 24-hour volatility of 50.6%. Ah, les volatilités, they’re like a rollercoaster, no? 🎠
In a follow-up post on Truth Social, President Trump revealed that Bitcoin and Ethereum will be the core assets of the proposed US strategic crypto reserve. Ah, les politiques, they’re like a game of chess, aren’t they? 🤔
Strong BTC Price Movement Ahead: Analyst
Popular crypto analyst, Ali Martinez, believes the current Bitcoin price level presents an ideal buying opportunity. Ah, les analystes, they’re like soothsayers, no? 🧙♂️
The best buying opportunities often come when funding rates drop below 0, and right now, #Bitcoin $BTC funding rates across all exchanges are at -0.001!
— Ali (@ali_charts) March 3, 2025
Martinez also pointed to the global liquidity cycle, which has been on an uptrend. Ah, les cycles, they’re like a never-ending story, aren’t they? 📚
Bitcoin’s market capitalization stands at $1.83 trillion, reflecting a 7.5% increase over the past day. Ah, les investisseurs, they’re like a bunch of eager beavers, no? 🐿️
Bitcoin Price Trajectory
At the time of writing, Bitcoin is trading around $92,400. On the daily BTC price chart, a potential bullish crossover appears to be forming on the MACD indicator. Ah, les crossovers, they’re like a magic trick, no? 🎩
Meanwhile, the RSI has just rebounded from oversold levels, suggesting improving buying momentum. Ah, les RSIs, they’re like a seesaw, no? 🌳
On the other hand, the BTC price is still recovering after testing the lower Bollinger Band. Ah, les Bollinger Bands, they’re like a tightrope, no? 🤹♂️
Financial institutions are increasingly taking bullish stances on Bitcoin’s long-term trajectory. Geoff Kendrick, a senior analyst at Standard Chartered, maintains a price target of $500,000 for Bitcoin before President Trump leaves office. Ah, les analystes, they’re like prophets, no? 📚
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2025-03-03 16:15