фото показано с : invezz.com

The Bitcoin price has been holding firm above the $100K level in recent days, while Ethereum stagnates following a major trend shift in May.

From technical indicators to the favourable economic factors, top institutional traders are calling for the Bitcoin price to soar as high as $150,000. 

Meanwhile, Ethereum has shown signs of recovery, but its path to $4,000 remains hampered by stiff competition from innovative projects like Solana.

Consequently, Ethereum’s sentiment is in a cautious mood as market participants buy into a PayFi altcoin with a sustainable growth advantage.

The Bitcoin price started June in a consolidation phase, but has achieved its highest monthly close in history at $104,000. This price action reflects strong momentum in the Bitcoin market. 

In the face of this growing sentiment, Bitcoin futures open interest reached a peak of just over $80 billion, according to CoinGlass.

It’s an increase of 30% since the start of May as derivatives speculators load up on leverage in anticipation of higher Bitcoin prices.

Source: CoinGlass

Meanwhile, Glassnode data reports that Bitcoin’s Realized HODL Ratio has recently dropped to 3,493. The metric measures the relative wealth distribution between short-term and long-term Bitcoin holders.

In Bitcoin’s case, it suggests that, despite the recent all-time high, Bitcoin’s price has not reached its cycle top yet and all eyes are on the $150K price level. 

The Ethereum price experienced significant volatility in May, jumping by more than 15%. This price action has fueled hopes of a price rebound towards $4,000. 

Zooming out, Ethereum is less likely to achieve this target in this bull cycle, as the ETH chart indicates a bearish trend since the beginning of the year.

Technical indicators are firmly in red with the Relative Strength Index (RSI) falling below 50 while the MACD is negative on the yearly chart.

Source: JustinBennettFX on X 

Amid this market sentiment, market proponents like Garrison Yang, Co-Founder of the Web3 development studio Mirai Labs, continue to argue that Ethereum remains overvalued.

Yang states that Ethereum no longer functions effectively as an asset or a store of value, with costly fees proving a hurdle for transactions.

The Layer-2 ecosystem accrues all the hype and value, while Ethereum does not benefit. Nothing illustrates this better than Ethereum’s current failing market sentiment.

In every financial shift, the early movers are always the first to see what the rest of the world overlooks.

Just as PayPal revolutionized digital payments and Stripe empowered startups, Remittix is now positioning itself as the disruptor of the $250+ trillion cross-border payments industry. 

Source: Remittix

Ethereum smart investors know this pattern and they’re moving their funds to the next wave: PayFi.

In this sector, Remittix is flipping the script with real-time crypto-to-fiat transfers to any bank, anywhere, no banks, no borders, no costly fees. 

This isn’t just another payments app. It’s a fully functional, blockchain-powered bridge that lets users send, receive and convert digital assets with ease.

This unique value proposition has attracted Ethereum whales looking for a haven from adverse price action.

Remittix’s ICO figures back this up. Surpassing 20,000 holders with tokens at $0.0781, over $15.5M has been raised and 541M+ RTX sold within months.

While the Ethereum price is currently experiencing slight bullish momentum, its struggles with selling pressure may not be over.

With this trend, smart whales are quietly accumulating Remittix tokens, betting on PayFi’s massive potential in cross-border payments. Their moves suggest they see beyond current market FOMO to recognize real utility. 

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/ 

Socials: https://linktr.ee/remittix

The post Why Bitcoin price could hit $150K before Ethereum hits $4,000 again appeared first on Invezz

372 +