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Crypto

Bitcoin Trades Sideways as Analysts Predict Strong Monthly Close

Guavy AI Editorial Team
Instruments
HYPE BTC ETH SOL XRP DOGE
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Bitcoin (BTC) traded around $79,000 on Monday after Strategy announced its first Bitcoin purchase in months. Despite this, the cryptocurrency and others like Ethereum (ETH), XRP, Dogecoin, and Solana have been trading sideways.

A notable trend reversal occurred in the past 24 hours, with top gainers including XRP, Hyperliquid, and Pepe. However, many are warning against switching to meme coins, as they can be highly volatile and unpredictable.

Crypto trader Kevin is bullish on Bitcoin and Ethereum, predicting that they will make strong monthly closes due to improving higher-timeframe momentum and strength in money flows. He also notes that a break above $85,000 for BTC would provide stronger confirmation of the bear market bottom already being in place.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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