Bitcoin Surges Past $98,000 as Volatility Signals a Major Breakout

Bitcoin (BTC) has broken above $98K, pushing closer to the psychological $100,000 milestone, with momentum building and technical signals flashing green.

Key Highlights:

• BTC Price: Breaks above $98,000, printing a new local high
• RSI: Daily RSI climbs above 70, confirming bullish momentum
• Dominance Metrics: Bitcoin dominance rises sharply while altcoins lag
• Market Cap Resistance: TOTAL nears $2.97 trillion; breakout incoming?
• Volatility Index: BVOL7D breakdown suggests explosive move ahead

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🔍 Bitcoin Technical Overview

Bitcoin’s price action has flipped decisively bullish:

• RSI is above 70, a key strength indicator.
• OBV (On-Balance Volume) is trending higher.
• The 4-hour chart shows a TBO “reset” pattern, hinting at a potential Breakout Cluster, just like the April 21 rally from $86K.

Key Resistance Levels:

• $100,000 (psychological barrier)
• $109,000 (all-time high)

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📊 Market Dominance Snapshot

• BTC Dominance: Surges with RSI at 85.18 — Bitcoin leads the charge.
• Top 10 Dominance: Weakening as capital rotates into BTC.
• Altcoin Dominance (OTHERS.D): Attempting to bottom, but upside limited so far.

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🌐 Crypto Market Cap Trends

• TOTAL Crypto Market Cap: Nearing resistance at $2.97T with rising volume.
• OTHERS (Altcoin Market Cap): Testing key resistance; breakout depends on volume support.

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⚡ Volatility Compression Could Trigger Massive Move

BVOL7D just printed a third consecutive TBO Breakdown, historically a bottoming pattern for volatility. If history repeats, BTC could soon experience a sharp rally, especially given current technical strength.

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🪙 Altcoin Watch

• ETH: Pectra upgrade fizzles; gains just 1%.
• LINK, SUI, LTC, BCH: Following BTC higher.
• CRO: Prints TBO Open Long.
• Small Caps: KAITO (+62%), STX sees volume triple, ONDO & TIA test resistance.

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📈 What’s Next for Bitcoin?

Bitcoin’s breakout above $98,000 sets the stage for a potential move toward $100K and beyond, especially if macro sentiment (like China-US trade talks) continues to improve.

Stay tuned on www.dailyforex.pk for more real-time crypto updates, technical analysis, and market forecasts.