Bitcoin sold off near the $110,000 ceiling, but the price reset could give BNB, SOL, LINK and AAVE a chance to rally.
Onchain data shows that retail investors are not buying Bitcoin, but analysts say they’ve shifted into buying the spot ETFs.
A bullish pattern on the DOGE chart points to a potential price recovery to $0.25.
Bitcoin price rally stalls at $110,000 after strong US employment data, with big overhead resistance at $112,000 and several key support levels below.
XRP’s price breaks out of a “pennant” with a profit target of around $3.20 amid increasing futures open interest.
A large cluster of potential short liquidations near $111,320 could trigger a squeeze to accelerate Bitcoin’s next leg higher into price discovery.
The absence of new buyers and FOMO-driven greed are key factors that could keep Bitcoin price pinned below $112,000 longer than many think.
Traders say an ETH rally to $3,200 could result from a “golden cross” pattern, but other Ether price metrics are not so bullish.
Bitcoin charts show bearish divergences across multiple time frames, a hint that price rallies above $110,000 could be a trap.
XRP could rally to $2.65 as a bullish trading pattern, and investors’ excitement over Ripple Labs’ US banking license application boosts interest in the altcoin.