Crypto analysts have been striking a sharply different tone. | Source: Created with Gemini Key Takeaways A viral prediction claims Bitcoin will hit $220,000 within 45 days. Market analysts warn of a potential new bear market. The prediction has received massive pushback from the community. A social media personality, reportedly the “World’s Highest IQ Record Holder” with a score of 276, has predicted that Bitcoin’s price will surge to $220,000 within the next 45 days. The bullish comments have dr ...

Core Insights - Bitcoin briefly reached $114,000 following cooler-than-expected PPI data, raising speculation about the sustainability of this rally [1] - Key support levels for Bitcoin are identified at $110,600, $107,500–$106,800, and $104,000–$100,000, while resistance levels are at $112,775, $113,700–$114,600, $116,000, and $118,300 [2] - The market is expected to trade between $106,800–$118,300 unless there are significant surprises from CPI or FOMC [2] - A broader market rally for altcoins is contingent on Bitcoin breaking the $120,000–$125,000 range and Ethereum surpassing its all-time high [3] - The recent PPI data showed a 0.1% month-over-month drop, contrasting with the expected growth of 0.3%, and an annual change of 2.6% year-over-year compared to a forecast of 3.3% [4] - Bitcoin liquidations in the past 24 hours amounted to $37.95 million, with short liquidations at $34.96 million due to traders closing short positions amid the price spike [5]

Core Viewpoint - The S&P 500 is expected to maintain its bullish momentum due to strong earnings growth and robust economic fundamentals, making it an opportune time to consider high-quality growth ETFs that have the potential to outperform the market [1]. Group 1: Market Outlook - The S&P 500 is poised to extend its bullish momentum [1]. - Strong earnings growth power is a key driver for the market's positive outlook [1]. - Robust economic fundamentals support the continuation of this trend [1]. Group 2: Investment Strategy - High-quality growth ETFs are recommended for consideration during this favorable market condition [1]. - The focus is on selecting investment strategies that can help investors stay ahead of the market [1].