Ethereum is showing momentum against Bitcoin, with a potential 30% rally. Breaking key resistance levels and increasing institutional adoption are fueling the rise. Analysts predict further gains, with ETH targeting higher price levels.
Bitcoin's Bollinger Bands have reached a critical point, signaling a potential upside breakout. Many analysts and traders are closely watching this volatility squeeze, with many predicting an imminent upside breakout for Bitcoin.
Bitcoin is showing signs of renewed strength on the 4-hour chart, with the price climbing steadily and technical indicators turning upward. Key support is around $104,000, while resistance is forming near $110,000, creating a tight but favorable trading range [2].
Bitcoin price is nearing a bullish breakout as the U.S. Dollar Index (DXY) falls to its lowest since 2022. This Bitcoin surge is linked to potential Federal Reserve leadership changes and expectations of interest rate cuts.
