Bruce Perry (bruce-perry)

In February, the rate of the first cryptocurrency can reach $122,000 before the "next consolidation". This is stated in the report of 10x Research. The chances of continuing the rally will not disappear: if the pattern persists, bitcoin will continue to grow after a pause, followed by a pullback to $122,000 to test the level as support. According to experts, this benchmark is due to the typical movement of digital gold quotes in steps of $16,000 - $ 18,000. On January 21, Bitcoin tested the wedge breakout line at $98,937, rebounding to $107,000. An optimal entry point with low risk and high profit was formed in this area, experts said. 1-1401 The current breakout of $106,000 indicates the relevance of the scenario, stressed in 10x Research. Recall that in September, the investor and co-founder of Okse under the nickname Elja noted signals of an "explosive movement" in the range of $100,000 - $ 150,000 by the first quarter of 2025 due to the formation of the "cup with a handle"pattern. .

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Experts stressed that the industry will need new catalysts for long-term holders of bitcoin to return to selling again. "The market is gradually adapting to new price levels, creating more favorable conditions for further consolidation and reaching the next benchmark. Now the trend has changed for hodlers, and they have stopped selling, " the report says. Analysts noted that the volume of cryptocurrency transfers to centralized platforms fell by 54% — from $6.1 billion to $2.8 billion, while hodler deposits decreased by 83% — from $527 million to $92 million. In addition, Glassnode experts recorded a growing demand for the first cryptocurrency from retail investors with balances up to 1 and 10 BTC. Over the past month, they have absorbed 25,600 BTC, which exceeded the issue of the asset by 1.9 times. Earlier, 10x Research experts published a forecast that bitcoin could reach $122,000 in February.

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The global adoption of crypto is accelerating, with governments and institutions joining the movement. Are we heading towards a cashless society?

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Famous billionaire Mark Cuban said that he wants to create his own memcoin. He plans to donate all the proceeds from this coin to the US Treasury Department — Against the background of the inauguration, Donald Trump, as well as his wife, Melania Trump, launched their own memcoin. TRUMP and Melania coins took less than a day to break into the top capitalization. Against the background of the launch of Donald and Melania's coins, members of the crypto community suggested that other members of the politician's family will also create their own cryptocurrencies. First in line was the president's daughter, Ivanka Trump. - The court ordered Gurinovich, who bought the rights to the Hamster Kombat trademark in Russia, to return money for unproven educational services. The Arbitration Court of St. Petersburg and the Leningrad Region granted the claim of Tyumen entrepreneur Viktor Shkursky to Eduard Gurinovich, a partner of the Hamster Kombat project.

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