Bitcoin's recent attack towards the $109,000 resistance level indicates that altcoins like HYPE, BCH, LINK, and SEI are giving potential bullish signals, suggesting that the bull market is gaining strength again.

Despite liquidity constraints experienced over the weekend, Bitcoin's solid stance around significant moving averages is guiding investors to closely follow new breakout opportunities in market trends.

According to COINOTAG analyst Rekt Capital, a weekly close above $109,000 for Bitcoin could trigger a new wave of increases and push the price to all-time highs.

As Bitcoin targets the $109K resistance point, altcoins like HYPE, BCH, LINK, and SEI show upward potential in an environment where BTC bulls are chasing new peaks.

Bitcoin Price Analysis: Critical Resistance and Possible Breakouts

Bitcoin (BTC) has gained over 6% this week, creating strong buying interest at the $100,000 level. It is currently moving in a critical resistance zone between $108,000 and $109,000, where selling pressure may increase. Technical indicators, with slowly rising moving averages and a positive RSI, indicate that bulls have a slight advantage. A clear breakout above the downward trend line could take BTC to $110,530 and then to $111,980. However, if these resistances cannot be overcome, there is a risk of a pullback to the support zones at $102,500 and $100,000. Particularly considering liquidity constraints over the weekend, closely monitoring price movements is of great importance.

The Impact of Weekend Trading on the Market

Weekend trading volumes generally decrease, which can increase volatility and lead to misleading breakouts. Bitcoin's recent movements reflect this situation; while bulls try to protect their gains, sellers will return to the market with increased liquidity on Monday. Investors should approach any breakout with caution and pay attention to whether Monday's trading session can sustain Bitcoin's upward momentum. This environment necessitates disciplined risk management and careful consideration of critical technical levels.

Potential to Benefit from Bitcoin's Momentum in Altcoins

The strengthening of Bitcoin is paving the way for some altcoins to perform positively as well. HYPE, BCH, LINK, and SEI are exhibiting notable technical formations. These altcoins have rebounded from strong support zones and can maintain their upward trend as long as Bitcoin stays above $105,000. Each has its own unique resistance and support levels that investors should watch.

Hyperliquid (HYPE): Testing at Resistance Level

HYPE has reclaimed the 20-day EMA after a brief dip, indicating ongoing buying interest. The resistance around $39.12 is an important barrier to overcome. A successful breakout could push the price to $42.50 and then to $45.80. However, staying below the 20-day EMA could pull the price down towards the 50-day SMA at $34.42 and then to $30.69.

Bitcoin Cash (BCH): Potential Breakout with Strong Support

BCH is facing the $500 resistance, but rising moving averages and positive RSI give strong fundamental signals. A close above $500 could push the price to $550 and then to $625, provided bulls maintain their momentum. Below, the 20-day EMA ($464) and the 50-day SMA ($430) should be monitored as critical support zones.

Chainlink (LINK): Consolidation and Potential Reversal

LINK shows that buying pressure continues by holding around the 20-day EMA. Sustained movement above the 50-day SMA ($14.43) could signal a trend reversal and push the price to $18. If resistance is not overcome, LINK could decline to the $12.73 support point.

Sei (SEI): Potential Rise with Increasing Bull Momentum

SEI is showing strengthening bull momentum by surpassing the 50-day SMA and the $0.29 resistance level. The 20-day EMA is trending upwards and the RSI is in a positive state; this supports the price moving towards targets of $0.35 and $0.43. However, a drop below the 20-day EMA could pull the price to $0.19 and $0.15 levels. Investors need to closely monitor the 50-day SMA to maintain the upward trend.

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