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Significant growth in Bitcoin is now considered extremely unlikely. What prevents the main cryptocurrency?

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One of the expected events of this week is the growth of Bitcoin to the level of 20 thousand dollars. So far, the main cryptocurrency is trading below this line, which was previously considered by many to be a very important support level and just a psychological mark. At the same time, BTC is now dependent on the dynamics of the DXY index, which is a representation of the strength of the U.S. dollar against a basket of the other six most weighty currencies in the world and is breaking records. Let’s talk more about the current conditions in the coin market.

At the moment, most experts really don’t expect any dramatic change in what’s happening in the coin industry, as inflation in various regions continues to pick up and geopolitical issues have not yet been resolved. That doesn’t mean, however, that the growth phase for the cryptocurrency niche will never come.

There could be several reasons for the transition to coin growth. The main one is a change in the policy of the Federal Reserve, whose representatives should sooner or later leave the key rate alone after its long rise. Also, adoption of a spot ETF on Bitcoin would have a good effect. 

That said, in the short term there really isn’t much to expect from the coin market.

Why Bitcoin is not rising

The DXY index is near its all-time highs at the moment, which shows the strength of the dollar against other assets, although it has seen a slight correction in the last few days.

Even such a slight drop in the index is a very sensitive indicator for the price of Bitcoin. It is worth noting how quickly risky assets rise when the DXY drops even to its lowest value. They react much more strongly to a drop in the index than to its rise. When the DXY falls even lower, more notable bounces in the crypto market are expected.

In other words, the analyst is betting on the weakening of the dollar against other assets. Such a situation usually creates conditions for investors’ activity, as they face the need to invest their own capital. And cryptocurrencies are an attractive niche, given their fundamental features.

First, we are talking about the fixed rate of inflation, which cannot be influenced. As of today, this Bitcoin indicator is 1.68 percent per year – that is exactly the share by which the total supply of bitcoins increases over a year. At the same time, in the overall economy of various countries, this figure in annual terms exceeds 10 percent.

Some experts are even more pessimistic. They argue that the probability of Bitcoin growing to at least $24,000 soon is “quite low.” A similar situation is also seen in the stock market – investors should allegedly prepare for a new wave of correction, rather than aiming for higher levels.

Bitcoin is weakly showing any preconditions for growth. After falling below $20,000 this week, the main cryptocurrency has not demonstrated even an attempt to approach thelevel. At the same time, any serious fall from current values could mean much bigger losses for investors, as the scale of this correction is already unprecedented.

Glassnode analysts have noted a trend of “heavy pressure” on long-term Bitcoin holders. This does not mean that the current bearish trend is even close to its bottom, and in fact it only lasts fully just over 50 days. By comparison, the bear trends of 2015 and 2018 lasted 402 and 328 days, respectively. Although, if we consider the market peak to be November 2021, when Bitcoin reached $69,000, the final current interval turns out to be longer.

So there is a chance that true fans of digital assets have yet to prove their unwavering faith in the industry. And Glassnode analysts also make it clear that it is too early to wait for the final turn of the industry in the direction of the bulls.

Cryptocurrency

3 Things to Watch in Ripple’s (XRP) Price Today

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XRP is testing the resistance at $2.3. Will it break?

Key Support levels: $2

Key Resistance levels: $2.3, $2.6, $3

1. Key Resistance Under Pressure

Yesterday, buyers pushed XRP to the key resistance at $2.3, but sellers returned to stop a breakout. At the time of this post, the price is in a pullback. Nevertheless, this is a positive sign that shows buyers are returning. If this bullish momentum intensifies, then $2.3 could fall and be followed by a test of $2.6 next.

XRPUSDT_2025-07-01_11-55-28
Chart by TradingView

2. Optimism Returns

With the price keen on making higher highs, optimism is returning to this cryptocurrency. This can be seen on the volume profile where buyers have dominated in the last few days. A break above $2.3 will likely see the volume spike and allow further price expansion into new highs.

XRPUSDT_2025-07-01_11-55-56
Chart by TradingView

3. MACD Turning Bullish

After the daily MACD turned positive last week, the 2-day MACD has also turned bullish today. This shows that the buy momentum is slowly creeping into higher timeframes which will build confidence in the price action and attract more buyers. With a positive feedback loop in action, XRP has a good shot at $2.6 or even higher in July.

XRPUSDT_2025-07-01_11-56-50
Chart by TradingView
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Bitcoin Traders Wait Important Economic Announcements Today, These Altcoins Plummet (Market Watch)

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Bitcoin’s price has retraced by a slight 0.9% in the past 24 hours as traders are expecting a few important economic events during today’s session.

Meanwhile, the broader cryptocurrency market is also reflecting the uncertainty as the majority of altcoins are trading in the red with some charting a lot bigger declines than others.

Bitcoin Price Waits for News

The deep involvement of corporate Bitcoin buyers and institutions has surely played a major role in its price increase over the past year but it’s also the reason why the crypto market has been largely correlated to traditional ones.

A few years ago, literally nobody cared about metrics such as CPI, PMI, and whatnot, but now every crypto trader has them on their watchlist.

As such, today is also shaping up to be a volatile experience with a few important economic events on the calendar.

First, Jerome Powell will speak in the afternoon, followed by data for job openings, PMI, and ISM manufacturing – all indicators that shape policymaking, especially when gauging the strenght of the local economy.

That said, Bitocin’s price is down about 1% on the day and is currently trading at around $106,500 after having tested $109,000 yesterday. It’s interesting to see if the bulls have it in them to push bakc towards the upper boundary of the recent trading range or if the bears will send the price back below $105K.

BTCUSD_2025-07-01_12-41-24
Source: TradingView

Altcoins in Red, Some More Than Others

As you can clearly see in the heatmap below, the altcoins are also not having a great day. This is, perhaps, to be expected – Bitcoin’s dominance over the market has been rising gradually over the past many months and whenever BTC slips, altcoins crash.

The past 24 hours have hardly been a crash, though, but it’s clear that most of them are charting more considerable declines.

This is especially true for TKX, ARB, SPX6900, SEI, and others, that are down between 8% and 15% on the day.

Believe it or not, Bitcoin Cash (BCH) is today’s best performer, gaining more than 6%. Who would have thought?

Screenshot 2025-07-01 at 12.44.19
Source: Quantify Crypto
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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Cryptocurrency

How Much You Should Invest in Bitcoin (BTC)? Veteran Trader Peter Brandt Weighs in

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TL;DR

  • The expert advises monthly investments in SPY and BTC for long-term success.
  • The leading cryptocurrency is up 6% this week and trades near $108,000. Analysts are split – some see a breakout to $130K – $200K if key resistance levels are cleared, while others warn of a possible drop to $100K or even $95K if momentum fades.

‘Trading is the Wrong Path’

Besides its fundamentals and ability to transform the global financial system, Bitcoin (BTC) has proven to be an excellent investment opportunity.

At least, that was the case in the past few years: the asset went through multiple bear and bull markets to eventually cross the $100,000 mark. Currently, it trades at around $108,000 (according to CoinGecko’s data), representing a 75% increase on a yearly scale and a substantial 43,000% jump compared to its valuation a decade ago.

But does the leading cryptocurrency remain a good investment after this major rally over the years, and how much should people allocate to it? That’s a question many people are trying to figure out.

It seems that there isn’t a direct answer, and it all depends on the risk profile of the investors, as well as other important factors. However, one can turn to certain experts who are experienced enough to give guidance. 

An example is the veteran trader Peter Brandt, who recently suggested that approximately 95% of people fail when trading. Instead, he advised them to excel in their regular jobs, prioritize their families, and invest in homeownership. Last but not least, Brandt recommended making monthly investments, allocating 80% of the amount to SPY (the ETF that tracks the S&P 500 Index) and 20% to BTC.

The Next Potential Targets

Let’s now take a closer look at BTC’s recent performance and explore its chances for a further pump in the short term. The asset has increased in value by approximately 6% over the past week, with numerous analysts predicting a surge to a new all-time high if certain conditions are met.

The X user Cipher X believes “a strong weekly close” above $107,720 could open the door to a further rally to as high as $130,000-$135,000 in Q3 2025.

“Just look at Q4 2024 chart and you’ll see what happened when BTC had its biggest weekly close,” they added.

Merlijn The Trader thinks the final pump for this bull run is coming, envisioning a fresh ATH of around $200,000 towards the end of the year. At the same time, he advised investors to take profits, anticipating a drastic pullback to $95,000 shortly after that.

On the contrary, Ali Martinez argued that the cryptocurrency currently faces a key rejection while the stochastic RSI flashes a death cross on the daily chart. The analyst thinks a plunge to $100,000 is not out of the question unless “we get a sustained close” above $109,000.

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