According to Tony Severino, a crypto analyst on X (formerly Twitter), the Bitcoin price could surge significantly to $120,000 by next week.
Cryptocurrency prices today are displaying mixed signals, with some coins experiencing gains while others face losses. Bitcoin (BTC) and XRP (XRP) are among the gainers, while Dogecoin (DOGE) and Litecoin (LTC) are showing declines.
Bitcoin price rose to a high of $102,960 on Monday, following a breakout from a key resistance level at $98,000. The BTC price now faces immediate resistance at $103,000, and a failure to clear this level could lead to a correction. On the downside, support is seen at $98,000, and a break below this level could open the doors for a deeper sell-off.
XRP price also rose sharply on Monday, reaching a high of $0.92. The XRP price now faces strong resistance at $0.95, and a failure to clear this level could lead to a pullback. On the downside, support is seen at $0.88, and a break below this level could trigger a deeper sell-off.
Dogecoin price declined sharply on Monday, falling to a low of $0.42. The DOGE price now faces immediate support at $0.40, and a failure to hold this level could lead to a further sell-off. On the upside, resistance is seen at $0.45, and a break above this level could open the doors for a rally towards $0.50.
Litecoin price also fell on Monday, reaching a low of $220. The LTC price now faces strong support at $215, and a failure to hold this level could lead to a deeper sell-off. On the upside, resistance is seen at $225, and a break above this level could pave the way for a rally towards $230.
Overall, cryptocurrency prices today are showing mixed signals, with some coins poised for further gains while others are at risk of a pullback or sell-off.
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