Altcoin Mania Incoming: Bitcoin Confirms Breakout, XRP Price Targets $3

Key Points

1. Bitcoin's price surged from $113,000 to $117,000 in a single day, currently around $116,000, with a bullish trend expected to continue.

2. Ethereum crossed $2,900, up 14% this week; XRP surged to $2.57, gaining 13%; Solana rose to $164, up 8% in seven days.

3. A cup-and-handle pattern on Bitcoin's 3-day chart suggests a potential rise to $150,000 if the breakout holds.

4. Key support for Bitcoin is at $112,100; staying above this level maintains upward momentum, while a drop below shifts focus to lower support areas like $107,300.

5. The market follows a typical bull cycle where liquidity rotates from Bitcoin to altcoins after significant BTC price movements.