What is the reason that Bitcoin can't rise above 90,000 USD?
Why is Ethereum weak?
Is it a good time to buy BNB now?
Bitcoin is stuck around the 90,000 position, with institutions and Bitcoin ETFs continuously buying in. Last week, MicroStrategy (MSTR) bought 5.1 billion USD worth of Bitcoin. So why is that?
The main reason is that early holders of Bitcoin have already made huge profits and have started to sell off and cash out at this historical high. However, institutions and ETFs are still buying; otherwise, Bitcoin would have already plunged below 80,000.
The long-term buying by institutions means that a Bitcoin breakout above 100,000 is just a matter of time, while a market cap of 200,000 is quite challenging. A Bitcoin price of 120,000 is something to look forward to.
$ETH Ethereum is weak, and everyone actually knows the reason: the Ethereum Foundation is selling off, and Vitalik is preoccupied with romance, neglecting his duties. In the short term, there probably won't be many opportunities for ETH.
But with so many holders in the Ethereum community, I believe reaching 5000 is absolutely not a problem. You can dollar-cost average and extend the investment period.
BNB rose from 200 to 701 USD last time, but this time it's performing rather mediocrely, and there must be a reason behind it. However, with the current low price, it's definitely a good long-term hold, with a target price of 1000 USD.
$SOL has continuous positive news, and meme trading on the SOL chain is active, aiming for a target price of 500 USD.
But I believe the meme craze is starting to fade away.
Buying now poses a significant risk, as it originally had no real value.
Pepe tokens can decline by 90% in a bear market, and now everyone is frantically buying high meme coins.
Perhaps there will still be 10x meme coins in the secondary market, but I don't want to take that risk anymore.
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