If Bitcoin Breaks $100,000 Where Will The Smart Money Be Invested? Will Solana ETF Be Approved In 2025?
The post If Bitcoin Breaks $100,000 Where Will The Smart Money Be Invested? Will Solana ETF Be Approved In 2025? appeared on BitcoinEthereumNews.com.
Bitcoin is experiencing massive whale activity after MicroStrategy’s recent accumulation while Solana prepares to breach its critical resistance level before getting an ETF approval in 2025. Meanwhile, Lunex Network is already delivering staking rewards with up to 18% APYs to early investors before its official launch on the open market. Bitcoin (BTC) Poised to Hit $100,000 After Massive Whale Accumulation Bitcoin recently entered a price discovery phase after breaching a critical resistance level during the massive post-election rally. Since a huge institutional investment firm MicroStrategy invested a whopping $5.4 billion in Bitcoin this week, many investors believe Bitcoin’s current rally could push the token’s price beyond the $100,000 mark. Bitcoin is currently trading for $95,771.72 after a minor intraday decline of 0.49%. Since this short-term retracement is due to Bitcoin’s RSI entering the overbought zone on its daily chart, Bitcoin could continue its uptrend toward the upper resistance at $116,549. If these optimistic estimates stand true, Bitcoin could trigger a market-wide bull cycle that extends into 2025. Solana (SOL) ETFs Could Become a Reality in Late 2025 Solana recently recorded a new all-time high price which made crypto enthusiasts turn extremely bullish on the token’s future potential. Nate Geraci, owner of The ETF Store, has also announced that the SEC is likely to approve a Solana ETF by the end of the next year. Since Bitwise is already preparing a Solana ETF because of its high institutional demand, it is believed Solana’s price could target the $300 to $400 zone before the end of Q4. Solana is currently trading for $243.14 after a minor intraday correction of 1.66%. Since this dip is because of Solana’s RSI entering the overbought levels on the SOL/USDT daily chart, which means Solana is likely to retest the critical $262.01 resistance again. Lunex Network (LNEX)…
Filed under: News - @ November 26, 2024 8:22 am