Bitcoin Faces Resistance Near $109,000 as BNB and HYPE Show Potential Strength in Early Week Rally
2025-07-04 05:41:03
Main Idea
Bitcoin shows resilience near $109,000 with institutional support, while altcoins BNB and HYPE demonstrate strong momentum, indicating potential market growth.
Key Points
1. Bitcoin holds firm near $109,000, with $2.2 billion inflows into Bitcoin ETPs last week, reflecting institutional confidence.
2. Michael Saylor's Strategy acquired nearly 5,000 BTC at an average price of $106,801, marking its 11th consecutive week of accumulation.
3. Binance Coin (BNB) broke above descending resistance, targeting $675-$698 if it maintains gains above $636.
4. Hyperliquid (HYPE) surged past $39.12 resistance, with potential to reach $42.50-$45.80 and possibly $50 if bullish momentum continues.
5. Bitcoin's technical indicators suggest bullish control, while altcoins like ETH, XRP, and ADA trade within established ranges.
Description
Bitcoin faces resistance near $109,000 amid steady ETF inflows and institutional buying, signaling potential continuation of the bullish trend. Altcoins like BNB and Hyperliquid (HYPE) demonstrate strong momentum after breaking
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