BTC holds gains above $110,000 as traders watch for a breakout or pullback
BTC (BTC) is trading around $120,530, up 1.56% in the latest session, as technical indicators point to a bullish but cautious outlook. later than breaking out of a recent consolidation phase, the leading cryptocurrency is now testing critical resistance zones that could define its next major move.
Recent charts show that BTC has established support near $110,500, a level that previously acted as resistance. Analysts note that sustaining this level may provide a foundation for a push higher. Immediate resistance lies around $112,000, with a stronger barrier identified in the $117,000 range. A decisive break above these levels could set the stage for further upside momentum.
Shorter-term technical indicators, however, are sending mixed signals. Several moving averages remain supportive of the trend, but oscillators such as the Stochastic show overbought conditions, suggesting the possibility of a pullback. Should BTC fail to hold support, lower targets at $109,000 and $101,000 have been highlighted by chart analysts as potential fallback zones.
Volatility remains elevated, with the Average True Range pointing to wide intraday swings. This makes both upside and downside moves plausible depending on market sentiment and external drivers such as macroeconomic data or regulatory developments.
While the broader technical picture favors the bulls, near-term trading is likely to hinge on BTC’s ability to clear resistance at $112,000 and sustain momentum. A failure to do so could view the asset return to a consolidation pattern within its current range. Traders are therefore closely watching the $110,500–$117,000 band as the decisive zone that may shape BTC’s next directional move.
ETH (ETH) is trading around $4,485 later than a modest 2.37% gain in the latest session, as technical indicators suggest a cautiously bullish outlook. Following recent volatility, the world’s second-largest cryptocurrency is stabilizing above significant support levels while attempting to build momentum toward a potential breakout.
Market analysts note that ETH has established near-term support around $4,400, with a deeper cushion near $4,280. This area has been highlighted as critical to maintaining the broader bullish structure. A break below could expose ETH to further downside toward the $3,900 range. On the upside, resistance sits between $4,600 and $4,700, a zone where ETH previously struggled to sustain gains. Clearing this barrier could open the path toward the $5,000 mark, a level some forecasts view as attainable given rising institutional participation.
Technical indicators are sending mixed signals. Many moving averages still lean supportive, especially on longer timeframes, while oscillators such as the Relative Strength Index remain neutral. Some short-term charts, however, show that ETH trades below certain exponential moving averages, suggesting headwinds unless purchaseing momentum strengthens. Analysts also point to a recent breakout above $4,400, supported by higher trading volumes, as an encouraging sign for bulls.
Despite the constructive outlook, risks remain. Overbought signals in shorter timeframes suggest potential consolidation, while market volatility remains elevated. Broader macroeconomic developments, including regulatory updates and institutional inflows, are also expected to influence price direction in the near term.
For now, ETH’s price action appears centered on the $4,400–$4,700 range. Whether it breaks lower into consolidation or pushes higher toward $5,000 will likely determine its next major trend.
