Bitcoin recently reached a new all-time high of $109,000 but has since experienced a slight pullback, now trading within the range of $92,000 to $115,000.
The market sentiment remains mixed, with technical indicators suggesting a potential symmetrical triangle formation, reflecting investor indecision.
Broader economic factors, including U.S. interest rate decisions and the FOMC meeting, continue to influence Bitcoin’s price movements, setting the stage for potential volatility in the coming week.
Ethereum is currently trading between $2,900 and $3,500, with technical analysis indicating a neutral trend.
The MACD suggests stability, and holding above the $2,900 support level could pave the way for testing the $3,500 resistance in the near term.
However, Ethereum’s performance has lagged behind Solana, as market sentiment shifts towards SOL, with growing speculation about a potential flippening in the next bull market.
This shift reflects evolving dynamics within the altcoin sector and highlights competitive pressures faced by Ethereum.
Ryan Lee, Chief Analyst at Bitget Research
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