Analysts name a condition for bitcoin’s growth to $ 100,000

Bitcoin’s Expected Volatility Index BTC $88,586.99 Mezo Wrapped BTC -0.06% Market capitalization $40.27 million VOL. 24 hours $0.86 billion has fallen sharply. According to industry experts, this indicates a decrease in panic in the market and creates conditions for further growth in the price of cryptocurrencies. Amid the weakening of the US dollar index, bitcoin is holding its position above key support levels, and the leading altcoins are forming the basis for a new movement.

Bitcoin’s 30-day implied volatility index (BVIV) fell to 48 points, breaking through the uptrend line that had been forming since September’s lows. This indicates the potential for further volatility compression. An additional factor of support is the weakening of the US dollar index, which creates conditions for a continued rise in the price of BTC, which is currently around $ 93,285.

The technical picture for bitcoin remains positive: the asset holds positions above $ 93,104, which is now a support level. On the hourly chart, it is above the Ichimoku cloud, which confirms the bullish zone. The next impulse is expected after a positive crossover of the MACD histogram, and the key benchmark is the $ 98,000-$ 100,000 range, which coincides with the downtrend line and an important psychological barrier. At the same time, a breakdown below the Ichimoku cloud may signal a weakening of the upward movement.

The XRP cryptocurrency XRP $2.03 XRP -0.31% Market capitalization $122.25 billion VOL. 24 hours $94.88 million is consolidating near $ 2.20, forming the basis for new growth after entering the bullish zone above the Ichimoku cloud. The current sideways trend is accompanied by a bearish crossover of the MACD histogram, but the lack of further price declines indicates the hidden strength of buyers. The nearest resistance levels for XRP are $ 2.28 and $ 2.30.

Ethereum ETH $3,030.86 Bridged Ether (StarkGate) -0.08% Market capitalization $72.11 million VOL. 24 hours $0.58 billion continues to recover after a confirmed bear trap — two consecutive daily candles without significant shadows, which indicates the dominance of buyers. The positive MACD histogram on the daily timeframe confirms the likelihood of an upward movement to $ 3,510, which corresponds to the low of October 10. At the same time, a short-term correction could occur to $ 3,100, where the former resistance level has now become support as the hourly MACD histogram is approaching a bearish crossover.

Solana SOL $132.17 Binance-Peg SOL -0.07% Market capitalization $0.15 billion VOL. 24 hours $0.19 billion is trading near the top of the sideways range at $ 144.74 and is preparing for a potential breakout. A consolidation above this level could stimulate further growth to $ 165 according to the «measured movement» method. At the same time, a short-term pullback or expansion of the consolidation phase is possible, as the MACD on the hourly chart signals an approaching bearish crossover.