Bitcoin Hovers Above $100,000 as Altcoins Signal Altseason – Will All-Time High Be Challenged?

Bitcoin is currently trading above $103,000, with a push towards the all-time high of $109,588. Research indicates that Bitcoin whales and sharks have accumulated a significant amount of Bitcoin in the past 30 days, hinting at a potential breakthrough of the all-time high. Analysts are also optimistic about altcoins, suggesting the beginning of an altseason. However, some experts caution about a possible profit booking phase in the short term. To understand the market dynamics further, let’s delve into the top 10 cryptocurrencies. Bitcoin’s price is expected to retest the all-time high if it maintains above $100,000, with the potential to reach $130,000. On the other hand, Ether’s price could face a correction if it dips below $2,550, but a bounce could lead to a rally towards $3,000. XRP is facing resistance at $2.65, signaling potential upward movement to $3 if the resistance is overcome. BNB is struggling to surpass $675, but a breakthrough could lead to a rally to $745. Solana may retest $180, potentially climbing to $210 if it bounces off the 20-day EMA. Dogecoin is showing signs of support at $0.21, aiming for $0.28 if it breaks above $0.26. Cardano is expected to rally towards $1.01 upon breaching $0.86. Sui is consolidating between $4.25 and $3.90, with a potential surge to $5. Chainlink’s resistance is being tested, with a target of $21.30 if the resistance is breached. Avalanche has found support at $23.50, with a potential rally towards $36. This analysis provides insights into the current market trends, but caution is advised as all investments involve risks.

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