Bitcoin Dey Hold After $123K Peak as XRP Dey Target $3 Breakout
Bitcoin don reduce dia gains after e nearly reach $123,000, enter consolidation phase as traders dey collect their profit. Even though e rise small like 0.6% for 24 hours, the main altcoins like Ethereum (ETH), Dogecoin (DOGE), Cardano (ADA), and Stellar (XLM) drop 2–3%. But XRP, SUI, and Uniswap (UNI) come dey lead gains, with XRP climb 2.5% to $2.91 close to im $3 resistance. Analysts for Arca and researcher Will Clemente talk say the rally still dey early stage, based on moderate altcoin open interest and e rise but volume no too balance. Legislative progress for Washington and the way institution dey adopt am dey support better long term bullish momentum. Bitpanda man, Eric Demuth, show concern about sovereign debt plus Bitcoin way dey go gold market cap. If XRP break $3 wella, e fit make market move reach $4.80. Traders go dey watch whether XRP fit turn resistance to support, and if Bitcoin consolidation go prepare ground for another big move up with healthy fundamentals.
Bullish
Di consolidation of Bitcoin around the $123K peak na mean say short term profit-taking, but di underlying drivers still strong. Institutional adoption and legislative clarity dey support more upside for Bitcoin. Moderate altcoin open interest and rising volumes dey confirm healthy participation. XRP wey dey move close to $3 resistance and di growing open interest mean say e fit breakout go $4.80. Short term traders fit see volatility around key levels but both Bitcoin and XRP dey show bullish technical indicators. Long term, sovereign debt worries and Bitcoin comparison to gold market cap dey provide fundamental support, mean say dis current pause na likely setup for renewed bullish momentum.