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Bitcoin Range Vs. Altcoin Surge: Key Crypto Charts Analyzed

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Bitcoin Holds $83.6k Support, Trades Near $85k in Range
  • Bitcoin is trading just above key support, with analysts eyeing $86,000 for a breakout.
  • ETH is below a historically crucial buying level as SOL shows strength due to reduced exchange supply.
  • The total crypto market cap excluding Bitcoin (TOTAL2) has broken out of a bullish falling wedge.

Bitcoin is locked in a tight trading range, hovering just above key support. Priced near $85,190, BTC holds above the critical $83,627 level. This consolidation has traders on alert, watching for a push past $86,000 resistance or a fall below $83,000 support.

What Are Bitcoin and Ethereum Signals Showing?

Analyst Ali Martinez notes a BTC surge above $91,275 (STH realized price) would signal bullish continuation.

Adding weight to the bullish case, Bitcoin whales (100+ BTC wallets) buy over 3x daily new supply, adding support.

Related: Four Bullish Reasons That Could Soon Flip The Crypto Market

Meanwhile, Ethereum (ETH) is trading at $1,596.45, battling resistance at its 20-day EMA near $1,668. …

The post Bitcoin Range Vs. Altcoin Surge: Key Crypto Charts Analyzed appeared first on Coin Edition.

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