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Bitcoin started the week strong, breaking through a major resistance level near $110,000. This move may open the door for new all-time highs. Bulls are excited as hopes rise from positive US-China trade talks in London.
Trader Cas Abbe said Bitcoin might jump above $110,000 soon, risking huge liquidations of short positions. But if it falls, many long positions could be wiped out too.
While most experts see Bitcoin going up long term, some warn of a short dip before the rally resumes. Swissblock expects a drop to $104,000. Another analyst thinks it might fall near $101,500.
Could Bitcoin push past its all-time high of about $112,000 and pull altcoins up? Let’s break down the top 10 cryptocurrencies to see what might happen next.
S&P 500 Index Update
The S&P 500 is recovering, trying to push past resistance around 6,147 points. Buyers face tough sellers between 6,000 and 6,147. A fall below the 20-day average could send it lower to 5,767.
US Dollar Index Update
The US Dollar is trying to bounce back but hits resistance near 99.5. Bears want to push it down to 97.9, which is a key support level. A drop below this could mean a bigger fall to 95.7.
Bitcoin Price Analysis
Bitcoin broke above the 20-day average and a key hurdle near $107,000. The chart shows an inverted head-and-shoulders pattern — a bullish sign. If it breaks $112,700, Bitcoin could surge to nearly $147,000.
If it falls below the 20-day average, Bitcoin might drop to $100,000, a strong support level. A break below could cause a deeper pullback to $93,000.
Ethereum Price Outlook
Ethereum is stuck between $2,323 and $2,738. Staying above the 20-day average could push it to $2,738 and possibly $3,000. But a fall below the 50-day average might drag it down to $2,111.
Other Altcoins at a Glance
XRP is stuck between $2 and $2.65; a break above could send it higher.
BNB is trading between $634 and $693, with buyers and sellers battling near $655.
Solana bounced from $140 but faces resistance near $158.
Dogecoin finds support near $0.16 but sellers have the edge now.
Cardano struggles near $0.69 and could fall below $0.60 if bears win.
Hyperliquid (HYPE) broke a triangle pattern, showing strength with a possible rally to $46.50 — but a sharp fall could trap bulls.
