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BITCOIN WARNING: The Breakout is OVER!!!! - Bitcoin News Today, Ethereum, Solana, XRP & Chainlink
Crypto Worldยท 2025-07-06 10:30
Market Trend Analysis - Bitcoin is currently lacking momentum and consolidating sideways on larger time frames [3][5] - Expect continued sideways movement for Bitcoin, potentially for weeks, based on weekly time frame analysis [4] - Ethereum is also bouncing within a sideways price range between approximately 2400 and 2800 [19] - Solana's price structure is pointing more bearish than bullish, forming lower highs and lower lows [27] - XRP's shorter-term trend is slightly more bullish, forming higher lows and higher highs, but also lacking momentum [30] - Chainlink is consolidating sideways between support at approximately 1260 to 1280 and resistance at approximately 1360 to 1380 [33] Key Bitcoin Levels - Expect resistance for Bitcoin around 108500, 110000, and 112000, and support around 103000 and 98000 [7][8] - A potential cup and handle pattern on the 3-day Bitcoin chart is not yet confirmed; confirmation requires a 3-day candle close above 110000 [6] - Liquidity is building just above 110000, specifically around 110600, representing a major price target [11] - Next major support for Bitcoin is between approximately 105500 and 106500 [10] Altcoin Support and Resistance - Ethereum has support between approximately 2380 and 2400, and resistance between approximately 2700 and 2800 [20] - Solana is retesting critical support between approximately 143 and 146; breaking below could lead to a drop towards approximately 138 to 139, or even 126 to 131 [24][25][26] - XRP has support around approximately 220 and resistance between approximately 231 and 235 [28][29]