Bitcoin Could Test New Highs Near $110,000 as Select Altcoins Eye Potential Rallies

Key Points

1. Bitcoin (BTC) has climbed over 6% this week, with technical indicators suggesting potential movement toward $110,530 and $111,980, though support zones near $102,500 and $100,000 remain critical.

2. Weekend trading often sees reduced volume, leading to volatility, and traders should approach breakouts cautiously.

3. Hyperliquid (HYPE) is testing resistance near $39.12, with potential for an upsurge to $42.50 if breached, but failure to hold above the 20-day EMA could lead to a decline toward $34.42.

4. Bitcoin Cash (BCH) faces selling pressure at $500 but has strong support; a breakout above $500 could push it toward $550 or $625, while key support levels are at $464 and $430.

5. Chainlink (LINK) is consolidating near key moving averages, with a potential trend reversal if it sustains above the 50-day SMA ($14.43), but failure could keep it within a descending channel with support at $12.73.

6. Sei (SEI) shows bullish momentum after breaking above the 50-day SMA and $0.29 resistance, with potential to advance toward $0.35 and $0.43, but a drop below the 20-day EMA could lead to declines toward $0.19 and $0.15.