Bitcoin's price is nearing a new all-time high, currently trading close to $109,588, driven by strong demand and significant inflows into BlackRock's spot Bitcoin ETF. Several altcoins are also showing strength, including ¹ ²:
Ethereum ($ETH ): Surged from $1,808 to $2,600, with potential to reach $2,850 and $3,000. RSI is in the overbought zone, indicating a possible minor pullback.
Dogecoin (DOGE): Rallied above $0.21, facing selling at $0.26. Potential support levels are $0.22 and $0.21, with possible rally to $0.31.
Pepe (PEPE): Broke above $0.000011 resistance, with RSI in the overbought zone. Potential pullback to $0.000011, with possible rally to $0.000017 and $0.000020.
Cosmos (ATOM): Broke out above $5.15, signaling potential trend change. Possible rally to $6.50 and $7.50, with support at $5.15 and 20-EMA.
Market analysts are divided on whether this marks the beginning of an altcoin season, with some predicting sharp rallies in altcoins over the next few months. However, others believe it's too early to tell due to modest moves compared to previous all-time highs ¹.
