🚀 Bitcoin at $200,000? Bernstein maintains its forecast and advises to buy the dip!
Welcome to the Daily Tribune of Thursday, February 27, 2025 ☕️
Happy New Year to Cointribu! 🚀
Today is Thursday, February 27, 2025, and like every day from Tuesday to Saturday, we summarize the news from the last 24 hours that you shouldn't miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Rainy 🌧️
24h crypto recap! ⏱
🚀 Bitcoin: Bernstein maintains its target at $200,000
Despite the recent drop below $90,000, the research firm Bernstein remains ultra-bullish on Bitcoin, maintaining its forecast of $200,000 within 12 months. According to them, a price below $80,000 offers a strategic buying opportunity, with growth supported by growing institutional demand and the accumulation of BTC by companies like Strategy. Analysts remind us that corrections are part of the bullish cycle, citing the example of 2017 when Bitcoin experienced five drops of more than 28% before reaching new highs. 🔗 Read the full article
🏦 An ECB advisor attacks Bitcoin: "No real economic utility"!
Jürgen Schaaf, advisor at the European Central Bank (ECB), harshly criticized Bitcoin, stating that it has "no real economic necessity" and could never be integrated into the reserves of central banks. According to him, Bitcoin fosters speculation, does not stabilize currencies, and remains too volatile to be a sovereign asset. This position aligns with that of Christine Lagarde, who excludes any institutional adoption of BTC in Europe. However, some central bank governors, like that of the Czech Republic, believe that Bitcoin deserves to be studied rather than rejected. 🔗 Read the full article
⚠️ An expert predicts a "brutal cull" among altcoins in 2025!
The CEO of CryptoQuant, Ki Young Ju, announces a mass purge of the altcoin market, estimating that only solid projects will survive to 2025. Currently, 24% of the 200 largest cryptos have reached their lowest annual level, a sign of a market in full natural selection phase. The era of widespread increases is coming to an end, and only altcoins with strong institutional adoption will be able to weather this period. Cryptos waiting for ETFs (Cardano, Solana, XRP, Litecoin, etc.) could be the big winners of this cull, while others risk gradual disappearance. 🔗 Read the full article
📉 Bitcoin: 12% of investors in loss after the recent correction!
With the drop of Bitcoin below $90,000, about 12% of investors are now at a loss compared to their purchase price. The correction is exacerbated by the drop of memecoins (-95% for Libra), a hacking of $1.5 billion on Bybit, and the macroeconomic impact of US-China tensions. Despite this downward pressure, Bitcoin continues to dominate the market, reaching 61% market share, compared to 41% in 2021. This period of volatility could be a necessary purge before a new bullish impulse driven by institutional adoption. 🔗 Read the full article
Today's crypto: Render (RENDER)
Render Network is a decentralized platform that connects artists and developers needing computing power for 3D rendering, machine learning, and artificial intelligence, with node operators having unused GPUs. This peer-to-peer approach enables unprecedented levels of scale, speed, and economic efficiency in graphic processing. By facilitating access to distributed computing power, Render Network is revolutionizing the digital creation process, making it more accessible and cost-effective.
The native token of Render Network, RENDER, is used to compensate node operators providing their GPU computing power to content creators. Artists pay in RENDER to access rendering resources, while node operators receive RENDER in exchange for providing their hardware. This incentive economy promotes optimal utilization of available resources and supports the growth of the ecosystem. RENDER holders can also participate in network governance, influencing key decisions and future directions of the platform.
Recent performances:
Current price: $3.88 (about €3.65)
Change over 24 hours: +5.33%
Market capitalization: $2.00 billion
Rank on CoinMarketCap: #49
BNB in danger? Analysis of bearish reversal signals
After a new ATH at $794, BNB is facing selling pressure, leading to a significant pullback. The price dropped to $403 before rebounding to about $630, where it currently oscillates. Despite buyer support around $590, technical indicators show an uncertain dynamic, with a weakening of the short-term and medium-term bullish trend.
Key zones to watch: rebound potential or continuation of decline?
Bullish scenario: If BNB stays above $590, it could target $685, with resistances at $740 and $760, possibly even a return to its ATH of $794 (+27%).
Bearish scenario: A break below $590 could lead to a drop towards $560, or even $470 in the case of a deep correction (-36%).
Technical signals confirm a tense market
The derivatives market shows a decrease in open interest and a CVD decline, indicating seller dominance. The negative funding rate highlights a persistent pressure on BNB/USDT contracts, which could exacerbate the correction. If buyer flows do not resume quickly, BNB could enter a more pronounced bearish phase.
In this uncertain context, price reactions at strategic levels will be crucial to anticipate the next phase of the market.
