BTC tests resistance near $115,000 amid bullish momentum
BTC (BTC) is trading around $114,051, up roughly 0.16% on the day, with intraday moves ranging between $113,700 and $114,450. The world’s largest cryptocurrency remains within striking distance of its all-time high near $124,436, but charts suggest the market may be approaching a key inflection point.
Momentum signals are broadly favorable. The Relative Strength Index (RSI) stands near 60, reflecting steady purchaseing pressure without tipping into overbought territory. The Moving Average Convergence Divergence (MACD) also shows a bullish bias, underscoring . Longer-term moving averages — including the 50-, 100-, and 200-day — remain firmly in purchase territory, suggesting that the broader trend structure is intact.
At the identical time, shorter-term signals are flashing caution. The Stochastic Oscillator indicates overbought conditions, raising the risk of a near-term pullback. The Average Directional Index (ADX) is hovering around 20, implying trend strength is fragile and consolidation could persist.
BTC is testing resistance in the $114,000 to $115,000 range, a critical zone for traders. A breakout above this band with sufficient volume could open the path toward $120,000 and beyond. However, if the level holds, BTC may retreat to support around $111,000 to $110,000. A deeper pullback could target the $108,000 region.
Macro conditions remain an significant driver, with fueling liquidity inflows into risk assets. Analysts note that while BTC’s medium-term outlook remains constructive, short-term are likely as markets gauge whether momentum is strong enough for a breakout.
ETH (ETH) is trading around $4,420 to $4,430, posting modest daily gains but slipping slightly over the past week. The second-largest cryptocurrency remains well below its 2021 all-time highs, but technical signals suggest a mixed near-term outlook.
ETH’s broader trend remains supported by its position above longer-term moving averages, including the 50-, 100- and 200-day levels. These averages point to a constructive medium-term structure. However, shorter-term moving averages such as the 5-, 10-, and 20-day have turned mixed, highlighting potential resistance in the near term.
Oscillator readings paint a picture of cautious momentum. The Relative Strength Index (RSI) sits in neutral territory, hovering between 50 and 60, suggesting the market is neither overbought nor oversold. The Moving Average Convergence Divergence (MACD) continues to lean positive across several timeframes, indicating bullish momentum is still present. At the identical time, the Average Directional Index (ADX) suggests only moderate trend strength, hinting at the possibility of consolidation rather than a strong directional push.
ETH faces immediate resistance at the $4,500 level. A decisive break above this threshold could open the way toward the $4,900 to $5,000 region, which would represent a strong recovery and shift in sentiment. On the downside, support levels around $4,200 to $4,300 remain critical. If these supports fail, ETH could face further declines toward the $3,700 to $4,000 band.
Overall, ETH remains technically sound in the medium term, but traders will be watching closely to view whether it can overcome resistance or if it continues to trade within its current range.
