Bitcoin (BTC) Rising High
Bitcoin (BTC) has returned to levels it hasn’t seen for nearly two months, surpassing 122,366 dollars at the time of writing. Roman Trading had previously indicated a new all-time high (ATH) at 124,000 dollars and beyond. The price trajectory appears to be leaning toward this direction. As news flow is generally calmer over weekends, the current frenzy with BTC closing on a high note could result in altcoins achieving notable gains over the next two days.
US economic data continues to influence BTC’s graph, with the increase starting from PCE data now reaching 13%. If BTC can surpass 124,400 dollars, it might target psychological resistance levels around 135,000 and 140,000 dollars. Major banks will soon introduce cryptocurrency services, with numerous organizations set to launch crypto services by next year, and CME preparing to initiate 24/7 crypto options markets. Initially opposed to BTC ETFs, Vanguard is now gearing up to offer its clients cryptocurrency products.
Closing above 121,200 dollars consistently could pave the way for more significant historical peaks in the short term.
BNB, AVAX, and SOL Coin Momentum
For months, we anticipated BTC would surpass quadruple-digit prices, heralding new highs. BNB Coin has already achieved this feat, pushing its ATH higher even as we write. With a target set at 1,300 dollars, the massive daily candles are thrilling. The first major support level upon a potential pullback is anticipated at 1,084 dollars.
AVAX has managed to sustain above 35 dollars, a feat it had not accomplished in over 200 days. With the general positive market sentiment, AVAX is displaying bullish candles again and is gearing up to return to the 35-dollar mark, subsequently eyeing new peaks between the 50 and 100-dollar range.
Lastly, SOL Coin stands out due to its ETF expectations and reserve news. Its US-based background is a significant advantage, coupled with being among the most popular smart contract platforms.
The volume is robust, and Pumpfun is activating once more, with network liquidity rapidly multiplying through meme coins. Closing above 235 dollars sets the stage for a return to the 247 and 296-dollar range, followed by a new ATH.