XRP, HBAR, BGB and XMR flash bullish signs as Bitcoin searches for direction
Bitcoin has surpassed $95,000, indicating sustained buying pressure from bulls, although it faces resistance from a strong US dollar. Grayscale's Zach Pandl maintains a structurally bullish outlook for cryptocurrencies, emphasizing that potential strategic Bitcoin reserves in the US could significantly impact its long-term value. Analysts remain mixed on Bitcoin's immediate future, with some cautioning against overly bullish sentiment. XRP recently broke out of a symmetrical triangle pattern, suggesting bullish momentum, while targets include $2.73 and potentially up to $4.84. Conversely, Hedera is forming a bearish pattern but could recover if it bounces back from key moving averages. Bitget Token is in a strong uptrend but could face resistance at $8.50. Monero's price is contained between $191 and $207, with a potential breakout leading to a target of $225. Overall, while certain altcoins exhibit bullish trends, the outlook for Bitcoin remains uncertain due to market dynamics and profit-taking considerations.
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