Bitcoin Chases Range Highs While Altcoins Struggle
Bitcoin (BTC) experienced a relief rally, surpassing $108,000, driven by sustained demand and institutional inflows into US spot Bitcoin ETFs totaling $3.35 billion since June 9. The cryptocurrency is poised to challenge its all-time high of $111,980, though a catalyst may be needed to maintain higher levels. Bitcoin's price rose sharply from $100,000, with bullish indicators emerging. Ether (ETH) rebounded from $2,111, facing resistance at the 20-day EMA of $2,473. XRP bounced off $2 support, indicating a potential range-bound movement between $2 and $2.65. BNB turned up from a descending channel pattern, with potential to reach $675 if it breaks above resistance. Solana (SOL) broke above $140 but faces selling pressure at the 20-day EMA. Dogecoin (DOGE) rebounded from $0.14 but may struggle at $0.17. Cardano (ADA) rebounded from $0.50 but risks falling below that support. Hyperliquid (HYPE) rose above the 20-day EMA, while Bitcoin Cash (BCH) turned up from $450, facing resistance at $500. Sui (SUI) reached the 20-day EMA but faces bearish pressure.