The post Cryptocurrencies to watch this week: Optimism, Bitcoin, Sui appeared on BitcoinEthereumNews.com.

Cryptocurrency prices were mixed last week as concerns about tariffs, interest rates and the $1.4 billion Lazarus Group hack on Bybit.  Bitcoin (BTC) price remained below $100,000, while Ethereum (ETH) crashed below the $3,000 mark. The crypto fear and greed index moved to the neutral point, while Bitcoin’s dominance was at 60%. This article explores why Bitcoin, Optimism (OP), and Sui (SUI) will be in the spotlight this week. Bitcoin BTC chart | Source: crypto.news Bitcoin, the biggest cryptocurrency, will be in the spotlight this week as technicals point to an eventual breakout or breakdown soon. The daily chart above shows that it has continued to form a symmetrical triangle pattern in the past few weeks. The two lines of this triangle pattern are now nearing their confluence level. That is a sign that they will soon make big moves, potentially this week since it is the last one of the month.  The key support and resistance levels to watch are $88,960 and $109,100. A break below the support level at $88,960, its lowest level in January, will indicate more downside, potentially to $73,350, the highest point in March last year. On the other hand, a strong move above $109,080 will indicate further gains to $110,000, followed by $122,000.  Optimism OP token chart | Source: crypto.news Optimism, one of the largest layer-2 projects in the crypto industry, will be in focus this week as it conducts a big token unlock. It will release tokens worth over $38 million on Wednesday. These tokens will be equivalent to 2% of the float, or the number of tokens that are actively traded in the market. It’s a notable but not overwhelming increase in circulation. They will be on top of the daily token unlocks of 257,000 OP tokens worth over $303,000. These token…

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Filed under: News - @ February 23, 2025 4:24 pm