Bitcoin's Big Moment: What's Shaking Up the Crypto World?

Bitcoin's Shaky Position

Bitcoin is hovering around the $95,000 mark, but the market isn't as stable as it appears. The crypto market structure bill has introduced some uncertainty, making investors cautious.

Despite this, Bitcoin ETFs saw $100.1 million in inflows on Thursday, while Ethereum ETFs had an even bigger boost with $164.4 million in net inflows.

Traders are closely monitoring Bitcoin. Skew notes that while there's still buying interest, it's not as strong as before. There's significant selling pressure around $98,000, causing some price volatility. If the price dips, the $94,000–$95,000 range is a crucial support zone.

Michael van de Poppe's Optimism

Michael van de Poppe remains optimistic. He believes Bitcoin is holding strong above a former resistance area that's now acting as support. As long as it stays above the 21-day moving average, he thinks the trend is still bullish, with $100,000 as the next big target.

Ethereum and Solana

Ethereum is also gaining attention. Trader CyrilXBT thinks it's still forming a long-term bottom.

On the Solana front, trader PostyXBT says it's been a month of no major changes. Key levels need to be reclaimed to confirm a bullish setup, with the first big test around $148.

XRP's Mixed Signals

XRP is showing mixed signals. Trader Popeye notes that on the four-hour chart, it looks like distribution on higher timeframes, but locally, it's broken structure to the upside. The next pullback will be important to see if it forms a higher low.

Meme Coins Take a Hit

Meme coins are taking a hit. The total market cap for meme coins dropped by 3.9%, falling to $49.18 billion.

Dogecoin broke out of a falling wedge but then retraced the entire move, creating a potential long setup. Traders are eyeing the $0.139–$0.14 area as a possible entry point, with targets near $0.15 and a stop-loss at $0.136.