Bitcoin Nears All-Time High: What’s Next?
Bitcoin (BTC) is just 5% away from its record high. Traders are watching closely at the $108,000 mark. A daily close above this could lead to a sprint past the all-time high of $111,980.
For BTC/USDT,key support points include $106,290,$104,600,and $103,000. The all-time high at $111,980 and the 127.2% Fibonacci retracement at $122,172 act as resistance. Derivatives data indicates more longs were liquidated than shorts in the last 24 hours, hinting at a potential correction before a recovery.
The $106,000 support is crucial. A dip below this could cause further downside. The $15 billion options expiry may also influence prices, usually bringing volatility but followed by recovery.
Ethereum Stays Below Key resistance
Ethereum (ETH) is around $2,400, 12% below the $2,743 resistance. The $3,000 level is another key resistance,a psychologically important point. Despite ETH’s treasury allocation and institutional backing, the price hasn’t surged. A 30% rally could see ETH hit $3,200,with $3,600 as another major resistance.
XRP Aims for Gains
ripple plans a structure similar to Ethereum for XRP. As the main token of Ripple’s decentralized web, XRP could become a core asset for blockchain payments. With Bitcoin above $107,000, XRP may rally. Vital levels are S1 and S2 at $1.9083 and $1.7700, with resistance at $2.2524 and $2.6549.
SEI and Aptos Show Potential
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