Bitcoin is trading near its all-time peak of $111,980, maintaining strong support above $109,000 amid bullish market sentiment. The flagship cryptocurrency’s consolidation near the $110,000 level reflects robust buyer activity and sets the stage for potential new highs.
Technical indicators reveal a bullish inverted head-and-shoulders pattern for Bitcoin, suggesting further upside if the $111,980 resistance is decisively broken. Ethereum has simultaneously breached the $2,738 resistance barrier, demonstrating upward momentum with a rising 20-day EMA and strengthening RSI readings.
Multiple altcoins are mirroring this positive trend, with Hyperliquid (HYPE), Chainlink (LINK), Solana (SOL), and Cardano (ADA) exhibiting breakout patterns that signal broadening market recovery. While analysts project Bitcoin could reach $230,000 by year-end due to macroeconomic uncertainty and improved sentiment, warnings persist about potential short-term corrections fueled by social media hype.