/Reach priceREACH

Bitcoin update 24.03.25 - 30.01.25: HTF: We closed another weekly candle in no man's land, still below the 89K SL. At this level, there’s nothing solid to trade on HTF until we either push for new ATHs or drop to the 72K level. Patience is key here—either focus on other timeframes or shift to different assets entirely. Expanding into other markets also helps ease the constant pressure of always wanting to find a trade in crypto. MTF/LTF: A lot more is happening here—nice levels to trade around. While we’re still in a downtrend, we’re slowly forming HHs. The key swing highs are still quite far away, but we might be spotting early signs of a trend shift. Of course, targeting ATHs wouldn’t be wise until these HTF SHs are broken, but we can still look for long setups and trail them properly. This allows us to gain exposure while ensuring we lock in profits along the way. Sentiment/Orderflow: While crypto-related news remains highly bullish, TradFi seems gripped by deep fear, creating a mixed sentiment overall. The best approach here is to focus on MS and base our next moves accordingly—sentiment and news should only serve as secondary confluence, while MS takes priority. As mentioned earlier, we’re starting to form HHs below HTF, which gives me a reason to look for local longs. However, this doesn’t rule out the possibility of further downside, including a potential move toward the 72K level, which remains the most significant level on BTC. Order flow clearly reflects the current mixed sentiment. Traders are quick to short the lows and long the highs, showing a lack of conviction. Many seem confused and desperate, reacting rather than planning. Outlook: With BVOL still in supply and BVOL24H at support, something big is about to happen. The key is to be prepared for every outcome. As you all know, I’ve already allocated significant funds at HTF key levels while keeping some dry powder in case we reach lower key levels. This ensures I won’t miss a potential rally from here while maintaining the flexibility to react. I’m also actively looking for LTF/MTF long and short setups. Once these trades move into profit, they pay me already and become risk-free. This strategy keeps me exposed in every direction with the potential to trail them way higher or lower—exactly how I want to be positioned as trader. Have a great week ahead you all. ✌️

🔥 BULLISH: Michael Saylor’s Strategy now holds 499,226 $BTC. Will it reach 500,000 $BTC on Monday? 👀

Which altcoin do you think will reach its next milestone first? 🔥 $XRP or $SOL?

Crypto analyst EGRAGCrypto has released their latest “XRP Bermuda Triangle” chart, presenting a detailed technical analysis that combines Fibonacci arcs and symbolic zones to project XRP’s future price movements. The chart tracks XRP’s progression through seven significant Fibonacci arcs. As of January 2025, XRP has moved past the first four arcs , indicating a change in market momentum. Price is now navigating between arcs five and seven, with each arc potentially acting as a resistance or acceleration area. The month of March is crucial when these arcs converge, suggesting increased volatility. Related: XRP’s Counter-Narrative: Challenging Bitcoin’s Institutional Dominance Towards $200K The Bermuda Triangle structure incorporates symbolic zones that reflect the psychology of XRP traders and overall market sentiment. Related: Crypto Author Challenges CoinMarketCap’s XRP Supply Calculation, Calls for Fairer Accounting After reclaiming the Equilibrium zone near $1.12 and breaking above the long-term Atlas Line, XRP pushed through the Final Wake-Up Line—a downtrend that lasted for several years. Incidentally, this breakout led to a volatile period known as the Red Lake, historically marked by strong price rejections. Having moved out of the Red Lake, XRP is now in what EGRAG calls the Blue Ocean—a wider range with less immediate resistance. Key Fibonacci levels within this zone include $1.97, $2.77, $9.71, and $18.01. These levels are combined with forecasts from Elliott Wave theory, which suggests Wave 3 could reach as high as $13 or $21. Assuming historical patterns and Fibonacci extensions hold, Wave 5 could potentially drive the price toward $27 or even higher. Related: XRP’s Counter-Narrative: Challenging Bitcoin’s Institutional Dominance Towards $200K With a confluence of technical indicators and symbolic zones the Bermuda Triangle chart aims to serve as more than just a visual representation—it’s presented as a strategic roadmap for those looking at XRP’s long-term potential. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Top crypto analyst Dan Gambardello has stirred the community with a bullish forecast, suggesting that both Cardano (ADA) and XRP could reach $10 in this market cycle. Taking to X, Gambardello stated , “Cardano and XRP seem like they both may hit $10 this cycle,” adding, “That would be fine with me.” While the statement sparked enthusiasm from some, others questioned the feasibility of such a massive price surge. One user, “T,” replied, acknowledging Gambardello’s optimism about XRP and ADA. However, he argued that “those are some wild numbers.” T went on to say that market cycles are more about fundamentals than price targets. Related: ADA Trading Volume Explodes, Whales Pile In: ADA Price Surge to $2 Around the Corner? Gambardello countered the skepticism by drawing a comparison to Ethereum’s past performance. He pointed out that a $10 ADA price would put Cardano’s market cap at approximately $350 billion. According to him, this massive cap wouldn’t be unreasonable, given that Ethereum reached a $500 billion market cap in the last cycle. Moreover, he argued that while Ethereum hit half a trillion dollars in the previous cycle, its technology “does not even come close to Cardano,” dismissing the $10 price target for ADA as unrealistic. However, the critic countered that price targets should not be based on historical market cap trends but on the actual expansion of blockchain fundamentals. “Fundamentals drive the narrative, not arbitrary market caps,” T responded. Notably, ADA is trading at $0.7114 at press time. Reaching $10 would require an astonishing growth of 1,305%. Cardano’s ability to achieve this magnitude of growth is under question, as its yearly trajectory shows a gain of only 14.66%. Moreover, at its current price, Cardano is trading a staggering 77% below its all-time high of $3.10 from the last cycle. Related: Expert Weighs in on XRP $100 Outlook: Can It Reach Triple-Digit Value? Meanwhile, XRP would require a less dramatic price rise to hit the $10 mark, as it is currently trading at $2.40. Specifically, XRP needs to grow by about 316% to reach $10. Notably, XRP is also below its all-time high of $3.84, trading roughly 37% lower. However, XRP boasts an impressive yearly gain of 288%. It’s also worth noting that if XRP were to reach $10, its fully diluted market capitalization would reach a staggering $1 trillion. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.