In the European trading session, the cryptocurrency market displays mixed dynamics, with Bitcoin (BTC) stabilizing near $124,000 after a recent all-time high of $126,199. Cardano (ADA) trades around $0.81, approaching $0.90 amid bullish on-chain activity, while broader crypto trends show cautious optimism. This wrap analyzes price action, key drivers, and short-term predictions for BTC and ADA, alongside European market influences like MiCA regulations. Position for potential rebounds with data-driven insights.
Bitcoin (BTC) Price Prediction: Holding $124,000, Eyeing $130,000
Bitcoin trades at $124,000, up 0.8% from the session open, recovering from a 2% mid-week dip. Strong US ETF inflows of $757 million—the highest in recent months—absorb selling pressure, with BlackRock’s IBIT leading at $366 million daily. On-chain data shows whale accumulation up 15%, with net realized profit/loss (NRPL) at 3.48 million ADA equivalent, indicating reduced profit-taking.
RSI at 57 signals neutral-bullish momentum, with a bullish MACD crossover (+0.15) targeting $130,000 (5% upside). Fibonacci support at $120,000, resistance at $127,000. MiCA’s stablecoin rules boost BTC on-ramps, correlating 0.8 with Nasdaq. Prediction: $123,500–$128,500 today, average $126,000. Bull case: $150,000 by year-end on ETF growth; bear case: $115,000 on FOMC surprises.
Cardano (ADA) Price Prediction: $0.81 Support, Targeting $0.90
Cardano (ADA) at $0.81 is down 1% daily but up 7% weekly, reclaiming $0.80 after a 3.26% pullback. On-chain NRPL dropped to 3.48 million ADA from 13.98 million, signaling declining profit-taking and rising retail demand. Derivatives show a 1.15 long-to-short ratio, with whales extending buys.
RSI at 58 (bullish) and MACD (+0.12) target $0.90 (11% upside). Fibonacci support at $0.72, resistance at $0.85. MiCA compliance enhances ADA’s cross-border appeal, with 20M active wallets. Prediction: $0.79–$0.85 today, average $0.82. Outlook: $1.00 soon on network upgrades; risks: 5–7% dip on altcoin fatigue.
Broader Crypto European Wrap: Altcoin Rotation and MiCA Impact
The European session saw altcoin rotation, with Ethereum (ETH) up 3.5% to $4,613 on $1.3B ETF inflows, and Solana (SOL) at $181.76 (+3.6% weekly) amid TPS upgrades. MiCA’s stablecoin licensing stabilizes USDT/EUR pairs, correlating 0.7 with Nasdaq. Sentiment is 71% bullish, with $10B monthly crypto betting volume. Risks: U.S. shutdown delays 90 ETF approvals, freezing $10B inflows, potentially causing 2–3% dips. On-chain: whale activity +15%, volume +20%.
Trading Signals: RSI and MACD
Based on recent trends:
BTC ($124,000): RSI at 57. Bullish MACD (+0.15)—target $130,000 (5%). Support $120,000, resistance $127,000.
ADA ($0.81): RSI at 58. Bullish MACD (+0.12)—target $0.90 (11%). Support $0.72, resistance $0.85.
Overall: RSI 57–58 signals buys on dips for 5–11% gains. Risks: ETF delays (2–3% dip); hedge with USDC.
Conclusion: Seize European Crypto Opportunities
BTC at $126,000 average and ADA at $0.82 signal strength, with MiCA driving altcoin rotation. RSI 57–58 and bullish MACD suggest 5–11% upside—buy dips for breakout gains.
What’s your crypto pick? Comment below!
#BitcoinPrice #CardanoPrice #CryptoPrediction #EuropeanWrap #TradingSignals
Bitcoin (BTC) Price Prediction: Holding $124,000, Eyeing $130,000
Bitcoin trades at $124,000, up 0.8% from the session open, recovering from a 2% mid-week dip. Strong US ETF inflows of $757 million—the highest in recent months—absorb selling pressure, with BlackRock’s IBIT leading at $366 million daily. On-chain data shows whale accumulation up 15%, with net realized profit/loss (NRPL) at 3.48 million ADA equivalent, indicating reduced profit-taking.
RSI at 57 signals neutral-bullish momentum, with a bullish MACD crossover (+0.15) targeting $130,000 (5% upside). Fibonacci support at $120,000, resistance at $127,000. MiCA’s stablecoin rules boost BTC on-ramps, correlating 0.8 with Nasdaq. Prediction: $123,500–$128,500 today, average $126,000. Bull case: $150,000 by year-end on ETF growth; bear case: $115,000 on FOMC surprises.
Cardano (ADA) Price Prediction: $0.81 Support, Targeting $0.90
Cardano (ADA) at $0.81 is down 1% daily but up 7% weekly, reclaiming $0.80 after a 3.26% pullback. On-chain NRPL dropped to 3.48 million ADA from 13.98 million, signaling declining profit-taking and rising retail demand. Derivatives show a 1.15 long-to-short ratio, with whales extending buys.
RSI at 58 (bullish) and MACD (+0.12) target $0.90 (11% upside). Fibonacci support at $0.72, resistance at $0.85. MiCA compliance enhances ADA’s cross-border appeal, with 20M active wallets. Prediction: $0.79–$0.85 today, average $0.82. Outlook: $1.00 soon on network upgrades; risks: 5–7% dip on altcoin fatigue.
Broader Crypto European Wrap: Altcoin Rotation and MiCA Impact
The European session saw altcoin rotation, with Ethereum (ETH) up 3.5% to $4,613 on $1.3B ETF inflows, and Solana (SOL) at $181.76 (+3.6% weekly) amid TPS upgrades. MiCA’s stablecoin licensing stabilizes USDT/EUR pairs, correlating 0.7 with Nasdaq. Sentiment is 71% bullish, with $10B monthly crypto betting volume. Risks: U.S. shutdown delays 90 ETF approvals, freezing $10B inflows, potentially causing 2–3% dips. On-chain: whale activity +15%, volume +20%.
Trading Signals: RSI and MACD
Based on recent trends:
BTC ($124,000): RSI at 57. Bullish MACD (+0.15)—target $130,000 (5%). Support $120,000, resistance $127,000.
ADA ($0.81): RSI at 58. Bullish MACD (+0.12)—target $0.90 (11%). Support $0.72, resistance $0.85.
Overall: RSI 57–58 signals buys on dips for 5–11% gains. Risks: ETF delays (2–3% dip); hedge with USDC.
Conclusion: Seize European Crypto Opportunities
BTC at $126,000 average and ADA at $0.82 signal strength, with MiCA driving altcoin rotation. RSI 57–58 and bullish MACD suggest 5–11% upside—buy dips for breakout gains.
What’s your crypto pick? Comment below!
#BitcoinPrice #CardanoPrice #CryptoPrediction #EuropeanWrap #TradingSignals
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.