The cryptocurrency market shows a positive trend at the start of the week, with Bitcoin trading approximately two percent higher, currently exceeding $107,000.
Many altcoins are also experiencing positive momentum, with some recording double-digit daily gains, suggesting a potential new upward movement.
However, not all market participants are optimistic, with some traders anticipating significant corrections, potentially leading to a drop to around $82,000.
Crypto analyst Ali Martinez points to a critical price zone for Bitcoin based on MVRV pricing bands, with current support around $102,044.
Breaking this level could trigger sell-offs and a correction to the next valuation basis at approximately $82,570.
The market is closely watching these support levels, as a breach could intensify a downward trend, driven by technical momentum and bearish sentiment.
Analyst Jesse Olson is even more pessimistic, questioning if the current cycle high has been reached, and suggesting a potential correction below $70,000 in the coming months, with a bearish scenario possibly leading to a drop to $40,000 to $50,000.
On the daily chart, Bitcoin is breaking through previous resistance, nearing a target of around $110,000.
A decisive bullish candlestick close would further boost the upward movement.
Bitcoin Hyper is aiming to expand Bitcoin's application through a Layer-2 infrastructure, built on the Solana Virtual Machine.
The native token HYPER has a maximum supply of 21 billion, with staking offering over 600% annual returns.
The ongoing presale has already raised over $1.25 million, with a price increase scheduled for tomorrow.