🟠 Bitcoin Soars Past $110K: Bull Flag Breakout Targets $152K
Bitcoin (BTC) has once again taken center stage after rallying to a new all-time high of $110,000, boosted by the U.S. Senate’s progress on a pro-crypto stablecoin bill. Market optimism surrounding regulatory clarity and adoption under the Trump administration has reinvigorated risk appetite for digital assets.
On the technical front, BTC has broken above the upper boundary of a bull flag pattern — a continuation structure known to precede large upside moves. The projected target from the breakout sits near $152,000, based on the height of the flagpole.
Weekly chart insights:
- RSI remains just under 70, indicating further room before overbought conditions
- 50-week EMA near $82,000 continues to offer dynamic support
- Volume has increased alongside price, validating the breakout’s strength
If momentum continues, Bitcoin could reach $120K in the short term, with $152K now in sight as the next major bullish target.
🟣 Ethereum (ETH) Approaches Critical Resistance at $2,950
Ethereum (ETH) has rebounded nearly 50% from its local lows, but now faces a critical resistance near the $2,950 level — a convergence of technical indicators:
- The lower boundary of a long-term ascending channel
- The 0.5 Fibonacci retracement from the $4,800 ATH
- Horizontal resistance from previous failed breakouts
Weekly RSI is currently neutral, suggesting that ETH needs strong bullish momentum to breach this zone. A breakout would clear the path for a move toward the channel top near $4,800, potentially mirroring Bitcoin’s bullish trajectory.
Ethereum key levels:
- Support: $2,700 → $2,500
- Resistance: $2,950 → $3,600 → $4,800 (ATH)
Until a clean breakout above $2,950 occurs, Ethereum remains in consolidation, although bias remains upward.
⚠️ XRP Faces Headwinds as Bearish Reversal Pattern Emerges
In contrast to Bitcoin and Ethereum, XRP (Ripple) is showing signs of weakness on its weekly chart. The price structure suggests a potential cup-and-handle top, a bearish reversal pattern that could send XRP lower.
After multiple failed attempts to hold above $2.80, XRP has formed lower highs, indicating a breakdown in momentum. The RSI has also trended downward, reflecting waning strength.
If XRP breaks below $2.00, the next critical level lies at $1.10 — near its 200-week EMA, a historically strong support zone.
XRP Weekly Chart Highlights:
- Failed to convert $2.80 into support
- Rounded top structure in play
- Breakdown confirmation may trigger a sharp move toward $1.10
Unless legal or ETF developments revive sentiment, XRP may continue to lag behind BTC and ETH in the short term.
📌 Key Crypto Levels to Watch
| Asset | Support | Resistance | Sentiment |
|---|---|---|---|
| BTC | $106,000 → $100K | $110,697 → $152K | ✅ Bullish |
| ETH | $2,500 → $2,950 | $3,600 → $4,800 | 🔄 Neutral/Bullish |
| XRP | $2.00 → $1.10 | $2.80 → $3.00 | ❌ Bearish |
🔍 Outlook: Will Altcoins Catch Up?
- BTC continues to lead the market with strong momentum and technical confirmation of a breakout
- ETH is on the cusp of a bullish continuation if it can break above $2,950
- XRP faces selling pressure as chart patterns turn negative
Investors should monitor key breakout zones and macro-level crypto legislation news for confirmation. Bitcoin dominance may remain strong, but Ethereum could follow if resistance breaks — while XRP risks being left behind.
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