Key points:
A Bitcoin price close above $105,000 could accelerate momentum and trigger a rally to $130,000.
Ether continues to gain strength, which is being mirrored by many altcoins.
Bitcoin (BTC) has been consolidating between $100,718 and $105,819 for the past few days, indicating a balance between supply and demand. A positive sign is that the price has held above the psychologically crucial $100,000 level, signaling that the bulls are hanging on to their positions as they anticipate another leg higher.
Market intelligence firm Santiment highlighted in a post on X that the failure to rise above $105,000 has caused impatience among retail traders, which “historically is a bullish sign for prices.”
Crypto market data daily view. Source: Coin360
However, repeated failure to push the price to the all-time high of $109,588 could tempt short-term buyers to book profits. That puts