Bitcoin (BTC) is encountering significant resistance near its all-time high of $123,218, shaping its immediate market trajectory. A decisive break above this key level could propel the leading cryptocurrency towards $135,000, signaling renewed bullish momentum.
Conversely, rejection at resistance risks triggering a pullback, with potential downside targets extending to the $95,000 support zone. This resistance battle is also negatively impacting certain altcoins.
Ethereum (ETH) is demonstrating exceptional strength, recording its highest-ever net inflows into exchange-traded funds (ETFs) totaling $1.01 billion. This substantial influx signals strong institutional demand and provides significant upward potential for the asset.
Technically, Ethereum faces its own challenge. Surpassing critical overhead resistance could fuel a rally targeting $4,868, while failure to hold above $4,094 may lead to a deeper market correction.
Major altcoins like BNB, Chainlink (LINK), and Uniswap (UNI) are also poised for potential advances. Their upward movements depend critically on overcoming distinct resistance levels observed in their respective markets.