Crypto Market Update: Bitcoin Holds Firm as Altcoins Trigger Breakout Signals

Author: DailyForex.pk News Desk

Bitcoin (BTC) continues to maintain strength, trading above a critical resistance level for the third straight day. A daily close above this key level would confirm a full breakout, indicating bullish continuation. The Relative Strength Index (RSI) has moved above resistance for the first time since January, signaling growing buying momentum. However, daily volume remains under the 30-day average, indicating that full momentum is still building.

Bitcoin Price Forecast: All Eyes on $93,000

On the weekly timeframe, BTC has touched the TBO Fast Line, a key level anticipated since early March. The next upside target sits near $93,000, but caution is warranted as a short-term TBT Bearish Divergence has formed on the 4-hour chart. Historically, this signals a potential 3% correction, aligning with the unfilled CME Gap at $84,865.

Ethereum Lags Behind, Still Below Key Resistance

Ethereum (ETH) finally closed inside the daily TBO Cloud, marking a shift in structure. However, ETH remains below its weekly TBO Fast Line at $2,678, and the ETH/BTC ratio shows ongoing weakness. Without a strong breakout above its TBO Cloud, ETH is likely to remain in a neutral-to-bearish zone, even as Bitcoin climbs.

Stablecoin Dominance Declining – A Bullish Sign for Crypto

Stablecoin dominance continues to fall inside the TBO Cloud. This indicates that capital is rotating back into crypto assets, fueling further rallies. The next support lies near 5.50%, and a break lower could lead to accelerated altcoin performance.

Altcoin Market Surges: OTHERS.D and TOTAL3 Confirm Breakouts

Mid- and low-cap altcoins are seeing renewed strength:

• OTHERS.D broke above long-standing resistance, confirming a breakout.
• TOTAL3 (crypto market cap excluding BTC and ETH) printed a TBO Close Short, a highly reliable bullish reversal signal.
• Several altcoins like BNB, Solana (SOL), and Cardano (ADA) are showing signs of accumulation and near-term breakouts.

Bitcoin Dominance Neutral, Favoring Altcoin Rotation

Bitcoin dominance (BTC.D) remains stuck in a sideways range inside the TBO Cloud. This indecision opens the door for altcoin outperformance, as capital begins shifting away from Bitcoin.

BTC Volatility Approaching Breakout Zone

BVOL7D, Bitcoin’s volatility metric, is nearing its historical Bounce Zone, with RSI hitting oversold levels (7.67). This suggests a high probability of a short-term BTC dip, which could also trigger sharper pullbacks in altcoins.

Strategy Insight: DCA Over Stop Loss

With multiple bullish signals across the crypto market, pullbacks are better viewed as buying opportunities. Dollar-cost averaging (DCA) is recommended in this volatile but bullish environment.

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📈 Key Takeaway:
The crypto market remains strong with Bitcoin holding support and altcoins showing breakout momentum. While short-term volatility is expected, the broader market trend points upward. Traders are advised to stay calm during dips and focus on long-term accumulation strategies.

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