Bitcoin holds strong above $100,000

Technical signals on Bitcoin and Ethereum point to cautious optimism with key resistance levels ahead.

Bitcoin holds above $100,000, eyeing a breakout as institutional interest grows amid geopolitical uncertainty.

Bitcoin is trading around $106,533 after returning from early June lows and holding above the key $100,000 mark. Despite brief dips below $99,000 due to geopolitical tensions, strong support remains.

Resistance lies between $105,000 and $107,000, with a potential breakout targeting $112,000 to $114,000.

Technical charts show a possible cup and handle formation and a golden cross, supporting a bullish outlook.

Institutional accumulation and crypto fund inflows suggest continued long-term confidence, though short-term indicators signal caution as Bitcoin nears overbought levels.

Ethereum trades near $2,437, consolidating above $2,400 within a defined range. A cup and handle pattern, a nearing golden cross, and bullish signals indicate possible gains if resistance at $2,589 is surpassed. Recent on-chain buying supports Ethereum’s recovery from a flash dip to $2,224.

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