Bitcoin Range Vs. Altcoin Surge: Key Crypto Charts Analyzed
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- Bitcoin is trading just above key support, with analysts eyeing $86,000 for a breakout.
- ETH is below a historically crucial buying level as SOL shows strength due to reduced exchange supply.
- The total crypto market cap excluding Bitcoin (TOTAL2) has broken out of a bullish falling wedge.
Bitcoin is locked in a tight trading range, hovering just above key support. Priced near $85,190, BTC holds above the critical $83,627 level. This consolidation has traders on alert, watching for a push past $86,000 resistance or a fall below $83,000 support.
What Are Bitcoin and Ethereum Signals Showing?
Analyst Ali Martinez notes a BTC surge above $91,275 (STH realized price) would signal bullish continuation.
Adding weight to the bullish case, Bitcoin whales (100+ BTC wallets) buy over 3x daily new supply, adding support.
Related: Four Bullish Reasons That Could Soon Flip The Crypto Market
Meanwhile, Ethereum (ETH) is trading at $1,596.45, battling resistance at its 20-day EMA near $1,668. …
The post Bitcoin Range Vs. Altcoin Surge: Key Crypto Charts Analyzed appeared first on Coin Edition.
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