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Cryptocurrency markets are trading sideways on Tuesday morning, with Bitcoin consolidating around the $110,000 level.
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Cryptocurrency
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Ticker
|
Price
|
|
Bitcoin
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(CRYPTO: BTC)
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$110,145.73
|
|
Ethereum
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(CRYPTO: ETH)
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$4,381.65
|
|
Solana
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(CRYPTO: SOL)
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$203.13
|
|
XRP
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(CRYPTO: XRP)
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$2.80
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Dogecoin
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(CRYPTO: DOGE)
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$0.2128
|
|
Shiba Inu
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(CRYPTO: SHIB)
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$0.00001229
|
Notable Statistics:
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Coinglass data shows 129,994 traders were liquidated in the past 24 hours for 360.66 million.
-
SoSoValue data shows net outflows of $126.6 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ET’Fs saw net outflows of $164.6 million.
Trader Notes: More Crypto Online noted Bitcoin has remained capped through the holiday weekend, with a breakout opening room toward the $118,000 liquidity zone. Traders are closely watching the $112,000 resistance.
Michael van de Poppe echoed this view, highlighting that a clean move above $112,000 could push Bitcoin to new all-time highs, while a rejection keeps $103,000 as a strong buy zone.
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He added that the cycle top timing remains uncertain, as gold has also yet to make fresh highs.
For Ethereum, van de Poppe explained that reclaiming the 20-week EMA signals the start of a new uptrend, resembling the early 2020 setup.
He suggested this rally could extend well beyond just a few months.
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JRCryptex flagged major whale accumulation of 340 million XRP ($962 million) in the past two weeks, with $268 million pulled from exchanges.
Price sits at the $2.80 support within a symmetrical triangle. Holding could drive a breakout above $3.20 toward $4–$4.20, while losing $2.70 risks invalidating the structure.
Crypto Bully continues to test key levels after a profitable run from $187 to above $200. Crypto Bully said he is waiting for a clean breakout setup, with $210 acting as the decisive flip level.
Meanwhile, Dogecoin is nearing the final stage of a falling wedge on the daily chart, according to Trader Tardigrade. This classic setup often precedes a bullish reversal as selling momentum fades.
Image: Shutterstock
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This article Bitcoin Steadies At $110,000 As XRP Stalls And Ethereum, Dogecoin Slip originally appeared on Benzinga.com