Bitcoin Relieves in “Ceasefire” Rally, Altcoins Lag

Key Points

• Bullish momentum lifts Bitcoin above
• Institutional investors maintain buying pressure, with record inflows into US Bitcoin ETFs continuing over recent weeks.
• Many altcoins register post-lows rebounds but lack buying momentum at elevated levels.
• Market watchers await catalysts to validate higher price levels.

A relief rally, triggered by US President Donald Trump’s high-level ceasefire declaration concerning potential hostilities between Israel and Iran, pushed Bitcoin (BTC) above the $108,000 threshold. The breakout on Monday represents a sign of sustained demand as bulls seize the opportunity.

Institutional interest persists despite marked geopolitical escalation; inflows into leading US spot ETFs continued their sharp incline. According to data compiled by experts like Farside Investors, consecutive capital movements of approximately $3.35 billion entered these products starting June 9, showcasing a clear institutional support.

Bitcoin is contesting to breach its all-time high of $111,980 despite an overall correction earlier in the month. Should resistance hold, broader catalysts beyond short-term geopolitical developments would be necessary to solidify placement near or above the $111,980 mark. Otherwise, deeper consolidation remains a possibility.

BTC (Bitcoin)

Improving momentum returned to BTC starting Monday’s session. Trading pattern indicators, including the ascent above crucial long-term moving averages and an RSI entering distinctly favourable territory, affirm continuation strength into the recent higher intraday range.

Sellers consolidate near the all-time high of $111,980 and below the general downtrend channel. Resistance calculations place the near-term hexagon between $111,980 (ATH) and $98,200 should correction resume.

While potential exists for continuation lifts, should price sag from current elevated ranges, confirmation via support above the $105,154 20-day EMA indicates persistent bullish resilience. Alternatively, a fade below that moving average would likely signal 4-hour trend weakening significantly.

ETH / Ethereum

Falling short of an initial target near $2.473, the Ether recovery from a $2,111 trough notably pierced the 20-day EMA on Tuesday, suggesting short-term action inclusion.

While the price action features an angled flattening pattern on technical indicators, the Relative Strength Index maintains marginal advantage below the centerline, suggesting equilibrium or mild bias. Further test upside near identified targets.

XRP / Ripple / XRP

A well-defined support line near $2.00 held strongly for XRP, triggering a sharp recovery toward $2.65.

The outcome now waits on price decisiveness. Upward negotiation needed for the $2.65 resistance barrier before extended bullish projection assumed. Alternatively, breakdown below $2 presents a separate risk pathway.

Disclaimer

All investment activities involve substantial risk. The information provided does not constitute investment advice. This analysis may not be accurate or timely. Always conduct your own research.

BSC: BNB Ascending

Hopeful prospects define Binance Coin’s price action, breaking above a core descending channel structure line.

Bullish engagement at the resistance level needs preservation. Hold gains could signal a channel break opportunity.