The post Bitcoin Set to Chase New Highs While Altcoins Struggle appeared on BitcoinEthereumNews.com.

Key points: Bitcoin is facing selling near $108,000, but the likelihood of a break above it remains high. Several major altcoins remain in a range, but some are showing signs of breaking above their near-term overhead resistance levels. Bitcoin (BTC) is facing selling just above $108,000, but a positive sign is that the bulls have not allowed the price to dip below the $105,000 level. That suggests the bulls are holding on to their positions as they anticipate a move higher. Analysts are bullish on Bitcoin’s prospects of hitting a new all-time high in the near term. BitMEX founder Arthur Hayes said on X that easing geopolitical tension in the Middle East and the passage of stablecoin regulations in the United States could propel Bitcoin to a new all-time high. Crypto market data daily view. Source: Coin360 The bullishness is not limited to Bitcoin; select analysts expect Ether (ETH) to soar to a new all-time high in this cycle. Other altcoins are also likely to play catch-up. Alphractal founder and CEO Joao Wedson said in a post on X that Bitcoin has been outperforming altcoins in the past 60 days, but that may be “a great chance to accumulate altcoins while they’re still lagging.” Could Bitcoin resume its uptrend? Will the altcoins follow? Let’s analyze the charts of the top 10 cryptocurrencies to find out. Bitcoin price prediction Bitcoin’s relief rally is facing selling near the downtrend line, indicating that the bears are trying to form a lower high. BTC/USDT daily chart. Source: Cointelegraph/TradingView The 20-day exponential moving average (EMA) ($105,561) is sloping up gradually, and the relative strength index (RSI) is just above the midpoint, signaling that bulls have an edge. If buyers drive the price above the downtrend line, the developing descending channel pattern will be invalidated. That…

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Filed under: News - @ June 28, 2025 5:26 am