Key highlights:
The bullish momentum continues for Bitcoin above $110,530.
The all-time highs in Bitcoin attract significant altcoin interest in ETH, HYPE, UNI, and SEI.
Bitcoin has shown resilience, pushing beyond $118,800, driven by strong buyer interest and bearish cover shorts. Recent reports indicate approximately $570 million in Bitcoin shorts were liquidated.
Institutional interest remains high as the US spot Bitcoin ETFs saw $1.17 billion in inflows recently, suggesting more growth potential in BTC.
Analysts like Axel Adler Jr highlight the Market Value to Realized Value (MVRV) oscillator. Once it hits 2.75, Bitcoin might see a distribution phase, targeting around $130,900.
BTC price outlook
Bitcoin’s bullish inverse head-and-shoulders pattern has realized with a price surge above the neckline.
A successful retest of the neckline would suggest continuing the uptrend towards $150,000. For a bearish scenario, Bitcoin would need to break below $106,981.
ETH price prediction
Ether surged past a key resistance at $2,879, with the trend favoring further gains towards $3,750. Any downside breach below $2,733 may see increased selling pressure.
HYPE price dynamics
Hyperliquid shows an uptick, with potential to invalidate bearish patterns if it holds above $45.80, aiming for $60.
UNI potential breakthrough
Uniswap’s continuous higher highs signal a positive trend. Crossing $8.64 could trigger a rally to $13, though slipping below $7 might invalidate this view.
SEI momentum
Sei is testing resistance levels, with ongoing buying hinting at a breakout to $0.44. A drop below $0.31 may rethink the current range.
This information should not be seen as financial advice. Conduct thorough research before investing.
