The post Bitcoin Could Test New Highs Near $110,000 as Select Altcoins Eye Potential Rallies appeared on BitcoinEthereumNews.com.

Bitcoin’s recent surge toward the $109,000 resistance level signals renewed bullish momentum, with altcoins like HYPE, BCH, LINK, and SEI poised for potential rallies if BTC sustains gains. Despite weekend liquidity challenges, Bitcoin’s strength near key moving averages is encouraging traders to watch for breakout opportunities that could redefine market trends. According to COINOTAG analyst Rekt Capital, a weekly close above $109,000 could trigger a fresh uptrend, potentially leading Bitcoin to new all-time highs. Bitcoin eyes $109K resistance with HYPE, BCH, LINK, and SEI altcoins showing rally potential as BTC bulls aim for new highs amid cautious weekend trading. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Bitcoin Price Outlook: Navigating Resistance and Potential Breakouts Bitcoin (BTC) has demonstrated resilience by climbing over 6% this week, signaling strong buying interest around the $100,000 mark. The price currently hovers near the critical $108,000 to $109,000 resistance zone, where sellers are expected to intensify their efforts. Technical indicators, including gradually ascending moving averages and a positive RSI, suggest that bulls maintain a slight advantage. A decisive break above the downtrend line could propel BTC toward $110,530 and potentially $111,980. However, traders should remain vigilant as failure to sustain these levels may result in a retracement to support zones near $102,500 and $100,000. This delicate balance underscores the importance of monitoring price action closely, especially given the typical weekend liquidity constraints. Weekend…

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Filed under: News - @ June 29, 2025 9:27 pm