Bitcoin Shrugs Off Global Chaos—Here’s Why It’s Still Bullish
Crypto’s golden child laughs in the face of geopolitical turmoil—trading volumes surge while traditional markets sweat.
Altcoins wake up from their slumber: Ethereum, Solana post double-digit gains as ’risk-on’ sentiment returns.
Meanwhile, Wall Street still can’t decide whether to FOMO in or short it into oblivion—some things never change.
$107,484 continues to demonstrate resilience, buoyed by support from NVIDIA’s latest earnings report. ethereum (ETH)
$2,652 stands out, surpassing the $2,700 mark, an encouraging sign for further gains. Altcoin investors are watching ETH, anticipating that similar movements could draw significant attention to altcoins.
ContentsBitcoin (BTC)ZK and Dogecoin (DOGE)
Bitcoin (BTC)
Bitcoin finds support at $108,600, with ETH trading at $2,709. This resistance level sets the stage for Ethereum’s rise to $3,500, contingent on further gains. As this analysis was being prepared, information from the WHITE House indicated that tariff-related court decisions might be overturned soon. Moreover, more trade agreements are anticipated in the coming weeks, with a delegation expected to finalize deals with India by early June.
According to a recent analysis by Michael Poppe, BTC is maintaining its upward momentum despite brief pauses. He notes, “Bitcoin continues to climb level by level.” If the support level identified as a green block in the charts is lost, fast price changes may occur, typical when investors quickly react to market changes.
Ali Martinez highlights the ongoing depletion of BTC supply from exchanges, coupled with rising institutional demand. With fewer Bitcoins available for sale, prices could reach new heights, triggering sales from long-term investors as seen in past cycles.
ZK and Dogecoin (DOGE)
Many altcoins seem to be struggling, hovering NEAR last year’s lows, despite Bitcoin’s consistent ascent. This pattern of significant fluctuations hasn’t painted a promising picture for altcoins, only recouping half of their losses during rallies.
In today’s examination of ZK Coin, CryptoBullet targets levels between $0.115 and $0.15. The target could be realized if the inverse head and shoulder pattern completes in the daily chart analysis.
Similarly, Trader Tardigrade predicts Dogecoin
$0.221539 (DOGE) could reach $0.37, driven by the occurrence of a comparable pattern in its market analysis.
