Bitcoin Wan Reach $125k As US CDS Dey Rise; Altcoin Don Dey Recover, Plus ETF Speculation Dey Form How Crypto Market Go Be.
Di cryptocurrency market don calm down small afta di plenty up and down wey happen recently, with Bitcoin (BTC) wey dey trade close to $104,333 and big altcoins wey don bounce back small. Earlier predictions from top analysts, including Credible Crypto, show say Bitcoin dey go up, dem expect am to reach $125,000–$135,000 with strong market structure, technical patterns like 'cup-and-handle', and plenty money coming in, while altcoins go carry last for beginning. Di latest news show say US credit default swaps (CDS) don reach di highest level for twelve years, dis one mean say US government aggressive policies don cause plenty money wahala and risk for di market. Di US Treasury talk say crypto market go do better for di second half of di year, especially as dem dey expect altcoin ETF approvals around November – dis one fit make altcoin prices jump. Analysts like DaanCrypto emphasize say e important to watch big token unlocks, wey fit cause price to go up or down. Overall, even though di high CDS levels don make people careful, market feeling for Bitcoin and some altcoins still dey cautiously optimistic, with traders focusing on BTC leading di way and waiting for di right time for altcoin runs after a new all-time high.
Bullish
Di mix of crypto market wey don settle small, technical analysis wey dey show say market go rise, plenty money wey dey enter Bitcoin, and good good plan for di second half of di year dey support say market go boom, especially for Bitcoin. Even though US CDS level don go up wey make market risk feel high, people still dey feel good as Bitcoin dey lead di rally and everybody dey wait for altcoin ETF approval, wey fit make di whole market grow. Analysts dem dey focus on how BTC dey lead and altcoin fit take turn after e don reach new high, dis one still dey support di view, even if dem dey careful because of money wahala and say token unlock fit cause problem.