Bitcoin's price is nearing its all-time high of $109,588, following a surge supported by significant inflows into BlackRock's spot Bitcoin ETF, which has seen 19 consecutive days of inflows. This rally has resulted in a 10% increase over the week. While Bitcoin shows bullish momentum, analysts caution that a correction might precede any further gains. If Bitcoin pulls back, support is anticipated at $100,000 and the 20-day exponential moving average. In tandem, altcoins like Ethereum, Dogecoin, Pepe, and Cosmos have also experienced notable increases. Ethereum surged from $1,808 to $2,600, with support levels identified at $2,320 and $2,111. Dogecoin broke past $0.21, though it is facing resistance at $0.26, which requires monitoring. Pepe rallied sharply, while Cosmos broke above $5.15, indicating a potential trend reversal. Investors are advised to remain vigilant as these coins navigate crucial support and resistance levels in the current market.

Source đź”—