The post $125K Bitcoin Could Launch Mini Altcoin Season, Is XRP Ready to Run? appeared first on Coinpedia Fintech News
The crypto market is showing signs of life again and a breakout might just be around the corner. While Bitcoin continues to lead the way, altcoins are setting up for some interesting moves too.
Bitcoin at Key Resistance: Breakout or Pullback?
As of now, Bitcoin is testing an important resistance zone between $109,000 and $111,000. While the fundamentals like stock market stability, a steady volatility index, and a growing Coinbase Bitcoin premium are looking positive, analysts are divided on whether Bitcoin can break above this level in the short term.
While there’s strong bullish momentum right now, the volume isn’t quite high enough for a confirmed breakout. If Bitcoin gets rejected at this resistance, it could see a pullback before any new highs.
Ethereum and XRP: Lagging Behind, But Watching Bitcoin
Ethereum (ETH) and XRP haven’t kept up with Bitcoin’s recent surge. Ethereum especially looks weak, still stuck below its key resistance level and struggling to attract volume. XRP, too, is heavily dependent on Bitcoin’s moves and may need a pullback before any serious rally.
Altcoins: Calm Before the Storm?
Altcoins in general have stabilized but remain at risky levels. A short-term pullback in altcoins is likely before a possible bounce and more sustained upside. The open interest in altcoins remains high, keeping things volatile, but if Bitcoin can hold its ground, altcoins might follow suit soon.
However, crypto trader JRNY Crypto is positive about what’s coming next. According to him, Bitcoin reaching $125,000 could kick off a mini altcoin season. If it crosses $150,000, a bigger rally might follow, and if Bitcoin pushes above $180,000, the market could enter a massive, parabolic altcoin season.