The cryptocurrency market is showing clear signs of renewed bullish momentum. After weeks of consolidation and volatility, Bitcoin (BTC) and Ethereum (ETH) are regaining technical strength, while altcoins are setting the stage for potential breakout moves.
Bitcoin Holds Inside TBO Cloud, Prepares for Next Leg Higher
Bitcoin has successfully maintained its position inside the daily TBO Cloud for two consecutive days—a key technical milestone that suggests bullish momentum is building. While trading volume remains below the 30-day average, it has improved significantly, helping push On-Balance Volume (OBV) above its moving average.
The primary resistance now stands just below $90,000. However, the open CME Gap at $84,865 poses a short-term risk, as such gaps often get filled before the next major move. Despite this, BTC’s current structure supports a continuation of the broader uptrend.
Ethereum Reclaims Technical Support, Shows Signs of Breakout
Ethereum (ETH) has re-entered the daily TBO Cloud for the first time since February 24, signaling a potential bullish reversal. Daily RSI has climbed to 61.17, while OBV has crossed its moving average—both pointing to growing buyer interest.
While ETH still has multiple open CME Gaps, the current momentum suggests strength. Traders should monitor the $2,623 gap closely, but technicals imply Ethereum may be entering a significant accumulation zone.
Stablecoin Dominance Weakens, Favoring Crypto Market Growth
Stablecoin dominance continues to consolidate within the daily TBO Cloud and is now breaking below support levels. A clear decline in dominance is often a bullish signal for the broader crypto market, indicating capital is rotating back into Bitcoin and altcoins.
Bitcoin Dominance Near Resistance, Altcoins Gain Traction
Bitcoin dominance (BTC.D) is testing resistance near 61.58%. A move below this threshold and into the TBO Cloud would be a strong signal for an incoming altcoin rally.
Meanwhile, OTHERS.D, the index tracking mid- and low-cap altcoins, has broken above its long-term resistance level—signaling the start of a new altcoin season. The next target is 11% dominance, with 8.68% being a key level to watch in the short term.
Crypto Total Market Cap Points to Sustained Recovery
The total crypto market cap is climbing steadily, reinforcing the broader shift in sentiment. TOTAL3 (excluding BTC and ETH) is also gaining strength, confirming that altcoin investors are becoming more active.
Although volatility remains low, with BVOL7D RSI at historical lows, this could suggest a period of calm before the next major move. Traders should stay cautious but optimistic.
Bitcoin Set to Outperform Gold
With PAXG/BTC falling into the TBO Cloud, market indicators suggest gold may underperform Bitcoin in the coming months. This mirrors previous cycles where Bitcoin delivered outsized gains against traditional safe-haven assets like gold.
Altcoin Breakouts: BNB, Solana, ADA in Focus
- BNB is testing overhead resistance with eyes on a $650 breakout.
- Solana (SOL) closed above key resistance and is holding strong, with RSI showing more upside potential.
- Cardano (ADA) is consolidating between $0.69 and $0.75, with RSI ticking upward—hinting at a breakout.
Final Thoughts
The cryptocurrency market is entering a decisive phase. With Bitcoin and Ethereum reclaiming key technical levels and altcoin indicators turning bullish, the stage is set for a potential market-wide rally. While short-term caution is advised due to CME gaps and low volatility readings, the overall trend remains strongly bullish.
Stay updated with the latest crypto forecasts and market news at **www.dailyforex.pk**—your reliable source for real-time financial insights.