News

Bitcoin Eyes Breakout Above $95K as Altcoins Signal Momentum Shift โ€“ Market Outlook by DailyForex.pk

Bitcoin continues to wrestle with the critical $95,000 resistance level, while altcoins flash strong breakout signals, suggesting an upcoming shift in market momentum.

๐Ÿš€ Bitcoin Tests Resistance, Still Lacks Volume Push

Bitcoin (BTC) closed at $95,630โ€”its highest daily close so farโ€”but failed to break cleanly above the $95K barrier for the fifth time. Despite strong RSI and OBV support, daily trading volume has slipped below the $2.1B average, highlighting hesitation among bulls.

BTC remains firmly above the TBO Cloud, maintaining a bullish structure. However, bearish divergence alerts on the 4-hour chart and softening volume hint at a possible pullback unless a decisive breakout above $95K occurs.

๐Ÿ“‰ Bitcoin Dominance Weakens, Altcoin Momentum Builds

The Bitcoin Dominance (BTC.D) index is now showing signs of weakness, flashing its first TBT Bearish Divergence Cluster in weeks. Meanwhile, OTHERS.Dโ€”which tracks altcoin market shareโ€”is printing TBO Close Shorts, signaling potential for a large altcoin rally.

This shift suggests that capital may soon rotate from BTC into altcoins. Still, if stablecoin dominance rises alongside a BTC pullback, it could temporarily cap gains across the altcoin sector.

๐Ÿ“Š Market Structure Holds, But Sentiment Frays

While TOTAL and TOTAL3 charts remain bullish, key indicators like RSI are failing to make higher highs. BVOL7D, which measures volatility, is approaching a low volatility โ€œBounce Zoneโ€โ€”a pattern often seen before major moves.

๐Ÿ”ฅ Altcoins Show Mixed Strength

  • Ethereum (ETH): Continues to base inside the TBO Cloud with slight RSI improvement.
  • XRP: Approaching top of cloud; watch for breakout.
  • SOL: Printing TBO Close Longs, may pull back slightly before higher move.
  • BNB & LINK: Sitting at resistance, lack strong confirmation yet.
  • SUI, OM, HYPE, XMR, ONDO: Displaying mixed signals; OM showing strong reversal setups.
  • POL, ALGO, XDC, IOTA: Leading smaller caps with clean breakout patterns.

๐Ÿ“Œ Key Takeaway from DailyForex.pk

Bitcoin is at a crossroadsโ€”a close above $95K could launch a rally toward $100K, but failure to do so risks a retracement to lower support zones. Meanwhile, altcoins are preparing for a breakout, and signs of capital rotation are becoming clearer.

Traders should remain cautious but flexible. Watch for confirmation of altcoin momentum and manage risk by scaling into strength.

๐Ÿ“ For daily technical insights and crypto updates, visit www.dailyforex.pk

Yasher Rizwan

Recent Posts

Pakistan Warns of Imminent Indian Strike Within 36 Hours Amid Escalating Tensions Over Pahalgam Attack

Pakistan warns India may launch a strike within 36 hours over the Pahalgam attack, raising…

5 hours ago

What Is a Meme Coin?

Discover what meme coins are, how they work, and why tokens like Dogecoin and Shiba…

6 hours ago

JPY and AUD Outlook: Inflation Trends and Trade Tensions Shape Currency Movements

JPY and AUD react to inflation data and rising trade tensions. See how these factors…

7 hours ago

How to Use Moving Averages to Identify Trend Direction in Forex

Learn how to use moving averages like SMA and EMA to identify trend direction in…

8 hours ago

USD to PKR Exchange Rate โ€“ Closing Market Report (April 30, 2025)

View the USD to PKR exchange rate in Pakistan for April 30, 2025. Check interbank…

9 hours ago

Gold Price Update: Evening Rates in Pakistan โ€“ Wednesday, April 30, 2025

Check the evening gold rates in Pakistan for April 30, 2025. Get updated 24K and…

9 hours ago