Negative Investor Sentiment Caps Bitcoin, Altcoin Rallies Near Range Highs

Summary

Bitcoin spiked above $89,000 following a Bank of Japan rate hike but struggled to hold gains. Arthur Hayes argued negative real rates remain Japan’s policy and projected a weaker yen and higher BTC price in the long term, while Fidelity’s Jurrien Timmer suggested BTC may have topped out at $125,000, expecting an off-year in 2026 with support near $65,000–$75,000. Tether’s Paolo Ardoino expects less severe BTC corrections compared to past cycles but notes potential risks tied to an AI-driven market bubble. Technically, Bitcoin faces resistance at $94,589; a drop below $84,000 could target $80,600. Ethereum rebounds from $2,700 but remains vulnerable to selling below $3,450, with support at $2,623–$2,700. BNB is testing an uptrend line, with key support at $790 and bullish breakout potential above $928. XRP is weak below moving averages, supported at $1.61. Solana's main levels are $121 (support) and $147 (resistance). Dogecoin shows positive momentum divergence but risks falling below $0.14. Cardano attempts a recovery above $0.37; $0.34 is critical support. Other coins: Bitcoin Cash is bullish above $535, Hyperliquid holds above $20.82 with resistance at $28.86, and Chainlink defends $10.94, with possible rallies if resistance is cleared. Markets remain volatile and uncertain overall.

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