The post Bitcoin (BTC) Wants to Claim $110,000, Ethereum (ETH)’s Crucial Price Battle to Begin, Solana (SOL) on Verge of Skyrocketing? appeared on BitcoinEthereumNews.com.

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. As it continues to test crucial resistance levels, Bitcoin’s recent price performance has attracted a lot of attention. BTC is currently trading close to $105,000 and is getting closer to breaking the psychological barrier of $110,000, which could spur new market momentum. Bitcoin has been rising steadily over the last few months, indicating a clear uptrend in the price action. The asset is still riding above important moving averages such as the 50-day and 200-day EMAs after successfully emerging from several descending patterns. Technical indicators that are aligned indicate strong bullish sentiment and a strong basis for future upward movement. But just below $110,000, Bitcoin is currently confronted with a crucial resistance zone. BTC/USDT Chart by TradingView Not only would a breakthrough at this level validate the uptrend’s continuation but it might also pave the way for testing even higher price targets. This region is being watched carefully by traders because it could draw large volumes of purchases and cause Bitcoin to reach all-time highs. Yet, Bitcoin may go through a brief period of consolidation if it is unable to overcome this resistance, potentially returning to support levels near $100,000 or even $98,000. By allowing the market to cool off before continuing on its upward trajectory, such a pullback could offer a healthier setup for the subsequent…

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Filed under: News - @ January 27, 2025 12:04 am