Ethereum Rally Fuels Altcoin Surge as BTC Holds Steady

The crypto market is witnessing a strong altcoin surge led by Ethereum, with the TOTAL 2 market cap (excluding BTC) hitting $1.5 trillion. Bitcoin remains steady around $118,000, though on-chain data signals potential selling pressure due to rising exchange reserves and whale inflows. Analysts are divided on BTC’s near-term trajectory, with some predicting a fresh all-time high by July end, while others warn of a correction. Fed Chair Jerome Powell’s upcoming speech adds another layer of uncertainty, as political pressure mounts for rate cuts. Meanwhile, Ethereum’s rally has significantly reduced Bitcoin’s market dominance, now nearing 60%, signaling a potential altcoin season breakout.

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Bitcoin Holds $105.5K, Eyes $106.6K Breakout

Bitcoin maintained resilience above $105,500, breaking a two-week downtrend as traders flagged key support levels and bullish technical structures. Analysts like Rekt Capital highlighted $106,600 as a critical level for trend continuation, while liquidity maps revealed clustered liquidations that could trigger sharp moves. Short-term forecasts vary, with some predicting a retest of $100,000 support and others, like Cheds, projecting a mid-$250,000 target by 2026 based on long-term patterns. Meanwhile, Japanese firm Metaplanet escalated its Bitcoin accumulation goal to 100,000 BTC by 2026, reflecting growing institutional confidence.

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Bitcoin Hits $112K All-Time High on Pizza Day

Bitcoin reached an unprecedented peak of nearly $112,000 on May 22, continuing its bullish momentum with a 17% year-to-date gain. Institutional players like spot Bitcoin ETFs and corporate treasuries—notably Michael Saylor’s MicroStrategy—drove the rally, with ETFs seeing $2B+ inflows over six days. Meanwhile, retail interest remained subdued amid macroeconomic concerns. The milestone coincided with Bitcoin Pizza Day, commemorating Laszlo Hanyecz’s 2010 purchase of two pizzas for 10,000 BTC—now worth $1.1B. Analysts predict further upside, targeting $115,000 in coming weeks.

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Bitcoin Eyes $90K as Analysts Predict Volatility Surge

Bitcoin (BTC) surged past $85,000, with analysts forecasting increased volatility ahead. Crypto analyst CrypNuevo identified critical liquidity zones between $90,000 and $91,500, where significant liquidations could occur. The market shows a balanced liquidation delta, but a move beyond $25 billion in liquidations would signal heightened risk. Analysts also noted a potential rising wedge pattern, which may test support levels at $82,024 or even $79,000. Despite being 21% below its all-time high of $109,000, bullish sentiment suggests a rapid recovery could be underway.

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Bitcoin Faces Uncertainty as Gold Reaches New All-Time Highs

Bitcoin is facing uncertainty as it remains in a narrow trading range, with traders eyeing potential support around $90,000. Meanwhile, gold continues to soar, setting new all-time highs, while the US Dollar seeks a reversal from its recent downtrend. Market sentiment is cautious ahead of key US inflation data, with concerns over stagflation impacting risk assets.

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Bitcoin market analysis short squeeze potential and bearish signals ahead

Bitcoin’s price remains stagnant around $100,000, with traders cautious amid a potential short squeeze and bearish signals from exchange flows. Despite this, demand indicators suggest continued investor confidence, while unrealized profits hint at a possible market top approaching. Upcoming Fed minutes and jobless claims could further influence market sentiment.

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Cryptocurrency Market Sees Decline Amid Low Volatility and Weak Demand

Leading cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced declines over the weekend amid low trading volumes and volatility. Bitcoin consolidated between $96,000 and $97,650, while Ethereum fell below $2,700, with market sentiment remaining neutral. Analysts caution against blindly longing Bitcoin’s range lows, suggesting potential further dips.

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