#BTCBreaksATH It seems like you're asking if Bitcoin (BTC) is going to break out or surpass Ethereum (ETH)??.
Let's break down the current market situation:
*Current Prices:*
- Bitcoin (BTC): $110,854.21 with a 1.25% increase
- Ethereum (ETH): $2,555-$2,600, showing a bullish trend
*Market Analysis:*
- Both BTC and ETH are holding key levels, with traders eyeing potential breakouts. Bitcoin faces immediate resistance at $109,700 and $110,000, while Ethereum's resistance lies between $2,600 and $2,620.
- ETH has broken out of a falling wedge on the weekly chart and is testing a critical resistance level. If ETH/BTC breaks above 0.029, altcoins might outperform Bitcoin, potentially starting an "altseason".
- Some analysts predict a bullish breakout for both Bitcoin and Ethereum in July, citing declining implied volatility and strategic positioning by derivatives traders.
*Key Levels to Watch:*
- *Bitcoin (BTC):*
- *Resistance:* $109,700, $110,000, $112,000, and $137,000
- *Support:* $107,000, $105,400, and $102,000
- *Ethereum (ETH):*
- *Resistance:* $2,600-$2,620, $2,700-$2,800
- *Support:* $2,483.37 (50-period SMA) and $2,536.77 (100-period SMA)
Keep in mind that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. These predictions are based on current trends and analyst insights.
