Crypto Market Update: BTC Eyes Breakout While Ethereum Leads the Altcoin Charge

The crypto market is showing renewed signs of strength following the recent Federal Reserve decision, with Bitcoin (BTC) stabilizing in a key consolidation zone and Ethereum (ETH) leading large-cap altcoins with consistent bullish behavior. Multiple altcoins, including BONK, Solana, and Render, are also shaping up for potentially explosive moves. Here’s an in-depth look at the current market dynamics and what could lie ahead.

Bitcoin (BTC) Consolidates Above Key Support – Breakout Imminent?

Bitcoin has spent the last three weeks consolidating within a tight range after a constructive shakeout post-Fed decision. This price behavior aligns perfectly with prior projections, which anticipated resistance near the 1.23 Fibonacci extension and expected a prolonged sideways phase within the 1.15–1.13 support zone.

Key Observations:

Strong institutional accumulation noted during the recent dip, especially on Coinbase and Binance.

Bitcoin treasuries are growing, signaling confidence from long-term investors.

Structurally, as long as BTC holds above 1.13, the macro bullish thesis remains intact.

A push toward 1.26–1.30 resistance appears likely in the short term.

If momentum holds and BTC clears the 1.26 zone convincingly, it could re-test higher resistance bands and reignite interest across the altcoin market.

Read more: https://24crypto.news/bitcoin-ethereum-lead-crypto-surge-altcoins-poised-for-explosive-moves-105556