- Bitcoin is holding strong above $100K, with bullish patterns like the cup and handle and golden cross suggesting a potential breakout toward $114K if it clears key resistance.
- Ethereum is consolidating near $2,437, showing bullish technical signals and could rally toward $3,000–$4,100 if it breaks above current resistance levels with volume.
Bitcoin Holds Firm Above $100K
Bitcoin (BTC) is confidently holding above the critical $100,000 psychological barrier, currently trading near $106,533. After rebounding from early June lows and briefly dipping below $99,000 amid global tensions, BTC staged a sharp V-shaped recovery—signaling strong bullish resilience. The asset is now testing the upper boundary of a descending channel, with traders closely watching for a breakout or pullback.
Chart Patterns Point to a Bullish Setup
Technically, Bitcoin faces stiff resistance between $105,000 and $107,000, a region that has denied multiple breakout attempts. However, analysts are optimistic. A “cup and handle” pattern is forming on the daily chart—often a precursor to bullish continuation. Additionally, the golden cross (where the 50-day moving average stays above the 200-day) strengthens the case for a breakout toward the $112,000–$114,000 range.
Despite strong macro uncertainty, institutional players continue to show confidence. On-chain data highlights growing accumulation by large holders and increased capital flowing into crypto investment products. These trends suggest that while short-term volatility may persist, long-term conviction remains solid.
XRP Signals Caution Amid Overbought Conditions
As Bitcoin inches closer to resistance, short-term indicators such as the Relative Strength Index (RSI) suggest the asset may be nearing overbought territory. Market watchers advise caution as BTC’s next move will depend on whether volume confirms a breakout above $107,000. A failure to do so could lead to renewed consolidation or a slight pullback before the next rally leg.
Ethereum Eyes Bullish Breakout as Support Holds
Ethereum (ETH), meanwhile, is consolidating just above $2,400, currently trading at $2,437 after a rapid bounce from the $2,224 flash crash low. The asset is fluctuating within a tight range, with key support between $2,349–$2,426 and resistance around $2,579–$2,589.
A “cup and handle” pattern and a nearing golden cross suggest ETH could rally sharply if it breaks above $2,750. Traders are also eyeing a Bollinger Band squeeze—hinting that volatility is about to spike. If ETH clears resistance with strong volume, targets between $3,000 and $4,100 could be in play.
As both Bitcoin and Ethereum flash bullish signals, investors are watching closely for confirmation that the next big crypto breakout is imminent.
