Dimitar Dzhondzhorov

6 days ago | cryptopotato.com | Dimitar Dzhondzhorov

TL;DRBitcoin’s recent outflows from exchanges and other vital factors support the case for a push toward a new all-time high. However, the rising RSI suggests the asset may be overbought and vulnerable to a short-term pullback. New Peak on the Way? The price of the leading cryptocurrency has been booming lately, briefly climbing above $104,000 earlier today (May 9). As of this writing, bitcoin (BTC) is worth approximately $103,000, which represents a 33% monthly increase.

1 week ago | cryptopotato.com | Dimitar Dzhondzhorov

TL;DRPI surged by double digits amid a market momentum and anticipation of a Pi Network ecosystem announcement. However, millions of PI tokens will be released mid-month, raising concerns about potential sell pressure and incoming volatility. PI on the RunPi Network’s native token, whose price consolidated below $0.60 at the start of May, witnessed a solid surge in the past 24 hours.

1 week ago | cryptopotato.com | Dimitar Dzhondzhorov

TL;DRETH surged by 23% in 24 hours to over $2,400, sparking bullish predictions of $4K to even $25K. XRP jumped 9% daily to $2.40 amid optimism from the settlement between Ripple and the SEC, with analysts eyeing a potential breakout past $2.80 toward new all-time highs. PEPE skyrocketed by more than 50% weekly, hitting its highest price since January, boosted by whale accumulation and a revitalized crypto market.

1 week ago | cryptopotato.com | Dimitar Dzhondzhorov

TL;DRAfter a brutal drop below $1,400 in April, Ethereum (ETH) is showing signs of life again, reclaiming key technical levels and surging past $2,000. Many analysts are optimistic that the price can go much higher in the near future, with some envisioning a new ATH. ‘The Bull Run Has Begun’The second-largest cryptocurrency has been among the biggest disappointments of the market during this cycle.

1 week ago | cryptopotato.com | Dimitar Dzhondzhorov

TL;DRPopular analysts see momentum building for a BTC breakout, with short-term targets ranging from $104.5K to $108K. Positive net inflows into spot Bitcoin ETFs and declining exchange balances signal strong investor confidence, but the RSI breached 70, which could be a precursor of an incoming correction. What Are the Next Targets? The primary cryptocurrency has been on a serious uptrend lately, with its price currently standing just south of the psychological mark of $100,000.