Bitcoin Bulls Eye New Highs Amidst Market Optimism

Edited by: Yuliya Shumai

Bitcoin (BTC) is currently trading near $110,000, just shy of its all-time high. This indicates strong bullish sentiment as of June 10, 2025.

Bitwise researchers suggest Bitcoin could reach a "fair value" by year-end. However, some analysts caution against immediate surges, citing potential market corrections.

On June 9, Bitcoin surpassed a resistance level. A successful break above its all-time high could trigger a bullish pattern. Conversely, a drop might lead to a fall.

Ether (ETH) closed above resistance on June 10. If the price rebounds, a surge could occur. Conversely, a drop could invalidate the breakout.

XRP (XRP) closed above moving averages on June 9, but is struggling to maintain higher levels. The pair might remain range-bound. A break above a level could lead to a rally, while a fall could result in a drop.

BNB (BNB) rose above the 20-day EMA on June 9, aiming for resistance. The pair may stay within a range. A break above resistance could lead to rallies, while a break below support would favor bears.

Solana (SOL) broke above moving averages on June 9, potentially forming a range. The pair could reach a target, with the next trending move starting above or below levels. A break above a level could lead to further gains.

Dogecoin (DOGE) has been consolidating. If the price sustains above the moving averages, a rally could occur. A reversal could pull the pair down. A move above a level could start a new uptrend.

Cardano (ADA) rose above the 20-day EMA on June 9, aiming to surpass the 50-day SMA. If successful, the next target could be the downtrend line. A break below the 20-day EMA would indicate bearish activity.

Hyperliquid (HYPE) broke above a symmetrical triangle pattern on June 9, indicating an uptrend. The price has cleared resistance, with a target. Support is expected. A close below support could pull the pair to the 20-day EMA.

Sui (SUI) pierced the 20-day EMA on June 9, attempting to break above the 50-day SMA. A successful break could lead to targets. The next trending move could begin above or below levels.

Chainlink (LINK) soared above the descending channel pattern and moving averages on June 10. If the price sustains above the breakout level, a rally is possible. A break below support would invalidate the breakout.

Sources

  • Cointelegraph

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