Top 4 reasons a major crypto bull run could be on the horizon
2025-07-09 15:21:54
Main Idea
Bitcoin is showing signs of a potential breakout with a bullish flag pattern, while altcoins like Ethereum and Cardano have been moving sideways, and macroeconomic factors could influence the crypto market.
Key Points
1. Bitcoin has formed a bullish flag pattern, projecting a potential price target exceeding $145,000 if it breaks above $109,300.
2. Altcoins, excluding Bitcoin, Ethereum, and stablecoins, have formed a bullish falling wedge pattern, indicating potential upward movement.
3. The U.S. is finalizing trade agreements with China, which could positively impact both equity and crypto markets.
4. Economists anticipate the Federal Reserve could begin interest rate cuts, which may influence market dynamics.
5. Solana's price could rally to $164 if it breaks out of a key resistance level, while other tokens like SHIB, PEPE, and BONK face market risks.
Description
Bitcoin and most altcoins have remained in a narrow range this month as trade and interest rate risks persist. Bitcoin ( BTC ) has been stuck at $108,000, while altcoins like Ethereum ( ETH ) and Cardano ( ADA ) have moved sideways. Here are the top four reasons why a crypto bull run may still happen this year. Bitcoin price is on the cusp of a breakout Technical indicators suggest that Bitcoin is poised for a bullish breakout. The asset has formed a bullish flag pattern, characterized by a vert...
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