Bitcoin price has staged a notable rebound this week, recovering from a weekend dip that tested the critical $100,000 psychological level. On Sunday, BTC touched a low of $98,200, sparking concern among investors. However, bulls quickly stepped in, pushing the price back above six figures.
By Wednesday, Bitcoin closed above $107,000, and has since maintained its position in early Friday trading. While BTC remains below its all-time highs, the recent recovery reflects strengthening market sentiment amid declining U.S. dollar strength and expectations of Fed rate cuts.
📌 Key BTC Levels to Watch:
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Ethereum (ETH) has shown resilience even as price action remains range-bound. On Friday, ETH dipped 1% but held its ground above key support. Interestingly, on-chain metrics reveal a spike in network usage, with transaction counts jumping from 1.23M to 1.75M on Wednesday.
This uptick in activity, driven by more active addresses, signals growing user engagement — a potential bullish indicator despite the short-term sideways movement in price.
📌 ETH Key Metrics:
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While major cryptocurrencies stabilized, Pi Network (PI) extended its losses into Friday. After rallying earlier in the week, PI now trades 2% lower, following a 9% drop on Thursday. The pullback comes after a strong rejection from the $0.66 resistance, eroding recent gains.
PI risks deeper losses if it breaks below $0.50, a key psychological support level. The current downtrend could test this zone if broader altcoin weakness persists.
📌 PI Price Outlook:
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The crypto market remains volatile but shows signs of resilience:
As investors eye the upcoming US PCE inflation data, further volatility is expected across crypto markets.
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