Bitcoin’s movement suggests a potential price break upwards, aiming to overcome the $120,000 resistance level. If successful, this could push the BTC price towards $150,000, stimulating demand for altcoins.
Ethereum is witnessing increased institutional adoption, with firms now owning approximately 1% of its total supply. This rising demand reflects strong market activity, further indicating the potential for upward price movement.
If Bitcoin manages to break its current range, altcoins such as ETH, BNB, AVAX, and PENGU may follow suit, potentially experiencing a surge in their prices thanks to positive investor sentiment.
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