Bitcoin remains strong above key resistance, building on recent institutional inflows and technical patterns.
Bitcoin (BTC) surged above $118,800, fueled by sustained buying and $570 million in short liquidations. Spot ETF inflows reached $1.17 billion, indicating institutional confidence.
Key support is near $110,530. A > neckline break suggests potential upside towards $150,000.
Bitcoin Technical Overview
BTC broke through the pattern neckline after a bullish inverse head-and-shoulders formation.
The 4-hour chart shows the RSI entering overbought territory, potentially signaling short-term consolidation if price holds above the neckline.
Altcoin Performance in Bitcoin’s Shadow
Higher BTC prices have correlated with buying interest in select altcoins.
Ethereum (ETH) and others are testing resistance levels.
Ethereum Price Update
Ethereum advanced above $2,879, crossing the 20-day EMA, prompting optimism about further upside to $3,750.
Hyperliquid (HYPE) Outlook
Breaking above short-term EMAs, HYPE targets $60 resistance from $30.70 support.
Uniswap (UNI) Technical Signal
Bullish higher-highs-higher-lows pattern on UNI suggests potential targeting $13.
Sei (SEI) Development
SEI broke through overhead resistance on $0.34, raising potential for a rally toward $0.44.
This analysis presents market data and technical observations. Market conditions change rapidly. Trading carries significant risk. This is not investment advice.
