Tariff Deal Rally?🔥Crypto Technical Analysis w/ @DataDash

Bitcoin is expected to target the $120,000 mark by year-end if it holds above $114,000, while Ethereum is poised for new all-time highs, potentially reaching $7,000 in the coming months.

• Bitcoin is set to test $120,000 if $114,000 holds, with potential volatility from macro events.

• Ethereum is poised for new all-time highs, potentially reaching $7,000 in early 2024.

• Polygon and Virtuals offer significant upside potential, with Virtuals riding the emerging AI agent narrative.

October has seen a resurgence in the crypto market, with analysts predicting Bitcoin could push to $120,000 and Ethereum to $7,000, potentially seeing new all-time highs in the coming months. These forecasts are supported by bullish technical setups and the resilience of ETH amid market volatility, though broader economic factors like Fed interest rates and US-China trade deals could introduce significant volatility.

Bitcoin's Short-Term Outlook

• 00:02:47 Despite the 'Sunday pumps equal Monday dumps' trend and a CME futures gap, Paul anticipates Bitcoin will continue its upward trajectory, breaking above $114,000 and targeting $120,000. This bullish outlook hinges on Bitcoin holding above $114,000 and could be influenced by upcoming economic catalysts like Fed rate decisions and corporate earnings reports. However, some analysts project a potential pullback to $97,000 by year-end, which would be a significant market test.

Bitcoin's Elongated Cycle

• 00:04:14 An elongated market cycle for Bitcoin, extending into 2026-2028, is predicted based on 20-year economic and housing market cycles, rather than traditional post-halving patterns. A run-up to new all-time highs around $130,000 followed by a 20-30% retrace in December would be concerning for the current bull run. However, the overall long-term view suggests Bitcoin is still setting up for a move back to all-time highs by 2026.

Ethereum's Price Targets

• 00:14:32 Ethereum is showing strong resilience and is anticipated to make a significant move higher, targeting brand new all-time highs of $6,000 to $7,000, potentially between November and January. This prediction is reinforced by ETH's ability to hold above key support levels, its coiled setup under previous highs, and large institutional holdings, despite Bitcoin potentially remaining in a range for the rest of the year.

Altcoin Opportunities

• 00:18:50 Polygon is identified as an altcoin opportunity, currently trading at its floor with a potential for a 100% move upwards to retrace to the 382 Fibonacci level. Additionally, Virtuals, tied to the new X4.02 payment protocol for AI agents, has seen a 400-500% surge but analysts suggest waiting for a pullback to $1.28 or $1 before entering, with long-term targets of $2.40 to $4 if the AI agent narrative gains traction.