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Bitget Research Institute: Bitcoin Key Support at $108,500, Resistance at $130,000
Summary: According to Bitget Research Institute, Chief Analyst Ryan Lee stated that with multiple positive factors such as signals of support for crypto from Trump's campaign team, continuous inflow of ETF funds, and increased institutional fund allocation, Bitcoin recently broke through $117,000, leading to a significant rise in market sentiment. Lee pointed out that BTC is ...
According to Bitget Research Institute, Chief Analyst Ryan Lee stated that with multiple positive factors such as signals of support for crypto from Trump's campaign team, continuous inflow of ETF funds, and increased institutional fund allocation, Bitcoin recently broke through $117,000, leading to a significant rise in market sentiment. Lee pointed out that BTC is expected to stabilize around $125,000 in the third quarter, with a key support level at $108,500 and resistance at $130,000, potentially fluctuating between $105,000 and $150,000 overall. In terms of Ethereum, benefiting from ETF demand, expectations of the Pectra upgrade, and increased DeFi activity, Lee mentioned that the average price of ETH in the third quarter could reach $3,800. If it breaks through the $3,700 resistance level, it may further push towards $5,000. Additionally, Lee advised investors to prepare for 10-30% volatility despite the overall solid fundamentals, and to closely monitor the impact of macroeconomic changes on the market.
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Link: Bitget Research Institute: Bitcoin Key Support at $108,500, Resistance at $130,000 [Copy]
