BTC recovered strongly from the bottom of the week, showing positive sentiment as investors bought when prices fell. Santiment reports highest rate of positive comments on BTC since March 2023. 📈

- Short-term investors expect BTC to reach a new peak, while long-term investors predict BTC capitalization will surpass gold. Anthony Scaramucci of SkyBridge Capital believes that BTC will surpass gold capitalization (currently BTC: $1.3T, gold: $15T-$16T).

- BTC did not drag ETH down, ETH fell more than 7% this week due to outflows from ETH ETFs ($342M).

- BTC could rise to $70K, triggering buying of altcoins? Which are the top 5 strong cryptocurrencies on the chart?

BTC price analysis:

- Bulls tried to push BTC to $70K but encountered strong selling.

- 20-day EMA ($64,945) and positive RSI indicate an uptrend.

- If price bounces from 20-day EMA, BTC could reach $72K-$73,777.

- If price falls below 50-day SMA ($63,422), BTC could reach $60K.

XRP Price Analysis:

- XRP fluctuates between $0.57 and $0.64, direction unknown.

- 20-day EMA ($0.57) and positive RSI suggest advantage to the buyers.

- If the price exceeds $0.64, XRP could rise to $0.74.

- If the price falls below the 20-day EMA, XRP could fluctuate between $0.41-$0.64.

Kaspa (KAS) price analysis:

- Bulls tried to push KAS above $0.19 but failed.

- If the price bounces off the moving average, KAS could surpass $0.19 and reach $0.24.

- If the price falls below the average line, KAS may return to $0.14.

Stacks (STX) Price Analysis:

- STX crossed the downtrend line, signaling the end of the downtrend.

- If the price surpasses the neckline, STX could rise to $2.50 and $2.65.

- If the price falls below the moving average, STX could return to $1.65.

JasmyCoin (JASMY) Price Analysis:

- JASMY fell below $0.027 but was bought back.

- If the price exceeds $0.033, JASMY could go up to $0.039.

- If the price falls below $0.027, bears will prevail.

What do you think about this trend? Share your opinion! 💬