Bitcoin Fails At $110.5K While Altcoins Aim to Rebound
Bitcoin (BTC) faces resistance near $110,500, with bears defending this level. Bulls maintain positions above moving averages, indicating reluctance to take profits. Bollinger Bands suggest a potential sharp price movement, with analysts noting possible upside breakout. Bitcoin exchange-traded products (ETPs) saw $790 million in inflows, a decrease from previous weeks, reflecting cautious investor sentiment as Bitcoin nears its all-time high. The S&P 500 Index (SPX) shows sustained bullish demand, with potential retest of 6,147. A drop below the 20-day EMA (6,099) could weaken momentum. The US Dollar Index (DXY) rebounded from 96.37, with resistance at 97.92. A break above could lead to a rise toward 100.54. Bitcoin trades between $107,211 and $110,530; a drop below moving averages may lead to $104,500. Ether (ETH) remains in a range of $2,738 to $2,323. XRP shows bullish signs above $2.20, while BNB and Solana (SOL) maintain positive sentiment above their respective moving averages. Dogecoin (DOGE) aims for $0.21, and Cardano (ADA) seeks to break above $0.58 for potential upward movement. Hyperliquid (HYPE) remains above $38.41 but struggles at $41.23 resistance.
