Bitcoin is trading at $67,820. It is now headed towards a key point as it nears the $108,000 resistance point. This level represents a very important inflection point for the digital asset. Its overall effect on its immediate path and on the altcoin market as a whole. Combined bullish indicators with strong on-chain data signal an inevitable breakout. Taking a strategic approach can help you weather the market’s unpredictable storm.
Bitcoin's Bullish Indicators and Strategic Levels
In short, Bitcoin’s technical indicators have never looked as bullish as right now. The 50-day Exponential Moving Average (EMA) is currently at $65,900, and the 200-day EMA at $61,100. This alignment creates a very bullish upward slope, marking a continuing pattern of positive momentum.
Furthermore, data indicates that over 80% of Bitcoin's circulating supply is held in long-term wallets for more than a year. This indicates low sell pressure and that investors have faith in Bitcoin’s long-term potential.
Investors looking to capitalize on future upside are encouraged to accumulate Bitcoin on dips in the $105,000–$106,000 vicinity. Consider the use of the 50-day EMA as an excellent, usually unbroken, support level for your strategy to latch onto. A good exit strategy would mean taking profits if the $108,000 resistance can’t hold. If this breakout proves successful, upside targets need to be in the $110,000–$115,000 range.
Ethereum's Consolidation and Potential Breakout
Ethereum is showing strength Ethereum is continuing to consolidate around the $2,800 support zone, holding up well despite the overall market volatility. The 50-day EMA, currently located at $2,650, is serving as a firm floor, further boosting the support zone’s strength.
Both investors and traders would do well to begin accumulating in the neighborhood of that $2,800 bottom mark. To safeguard against adverse downside, set a stop-loss just under the $2,650 support. Ethereum price prediction The $3,500 target is possible if Bitcoin manages to break out decisively above its resistance at $25,300.
Ethereum's performance is closely tied to Bitcoin's trajectory. Hence, tracking Bitcoin price action is crucial for Ethereum investors.
Solana's Ascending Triangle and On-Chain Surge
Meanwhile, Solana has been putting heavy pressure against the $50 resistance barrier. This recently completed movement shows a bullish ascending triangle pattern, suggesting the possibility for a move to toward $60–$70 range. This technical formation, supported by strong on-chain fundamentals, shows a positive picture for Solana.
Furthermore, Solana’s June on-chain metrics such as daily active addresses and transaction volume have increased by 30%. This outperformance relative to broader crypto metrics reflects increasing adoption and utility of the network.
Smart investors would look to establish a long position within the range of $48-$50. To protect against downside risk, set a stop-loss tight just under $45. Their target for Solana is $60-70. To see whether this bullish momentum can continue, we need to keep a sharp eye on the fundamental network activity statistics.
