Bitcoin Prepares to Break Through the $105,000 Mark

The largest cryptocurrency , Bitcoin (BTC) $ 103,985 , is gearing up to exceed the $105,000 mark. While the MACD indicator on the weekly chart has not yet confirmed, it is on the verge of signaling an upward trend. Meanwhile, Ethereum (ETH) $ 2,474 is showing signs of recovery by rising above the $2,500 range. XRP and Solana $ 171 ( SOL ) are also in the spotlight among altcoins , as they have captured an upward momentum. Bitcoin and Ethereum Movements Bitcoin is maintaining its 120-day upward trend while striving to break the $105,000 resistance. Should the MACD create a bullish crossover at the weekly close, it could signal an unprecedented rally since October 2024. Historically, such technical opportunities have resulted in significant price increases. However, the price range between $106,000 and $109,000, where substantial trading volume is accumulating, could face strong selling pressure. On the Ethereum (ETH) front, the Pectra update initially did not accelerate the price, but rising above the $2,500 threshold has renewed confidence. In past periods, buyers who held strong at the $1,500 mark are now preparing to test the resistance barrier in the $2,700 to $2,800 range. Some investors are seeking short-term gains, while long-position holders have not yet withdrawn, resulting in diverse reactions to price movements from short and long-term perspectives. Current Prices of XRP and Solana XRP saw a sudden rise to $2.48 without any concrete news flow, indicating that speculative winds could influence the price direction. A sustained break above $2.45 could initiate a new bullish cycle. Otherwise, the support zone around $2.30 will emerge as the primary testing ground for maintaining stability. In the case of Solana, surpassing the Fibonacci 50% retracement level at $167 confirms the bullish divergence. Should this test succeed, the next resistance levels to be tested are $179 and the $191 to $200 “gold pocket” range. In the event of any decline, support points at $167, $154, and $146 are of critical importance. The rising lows and highs indicate that the overall trend remains upward.