Bitcoin Slashes Through Ichimoku Cloud—Bullish Signal Ignites as Altcoins Stumble

BTC’s breakout defies gravity while smaller tokens drag their feet—because when the king moves, the court scrambles to keep up. Traders eye the cloud breach as a potential rally starter, though skeptics mutter about ’just another line on a chart.’ Meanwhile, altcoins cling to BTC’s coattails like overleveraged hedge fund managers at a margin call.

The bullish breakout means the cloud can now act as support, arresting potential price pullbacks just as it acted as resistance, capping recovery rallies in February and March. BTC is also back to trading above the widely tracked 50-, 100-, and 200-day simple moving averages (SMAs).

This move now puts the focus on the resistance at $100K, a major psychological level, followed by record highs above $109K. Meanwhile, support is seen at $88,550, which marks the convergence of the 200-day SMA and the Ichimoku cloud.

A move below the same would negate the bullish outlook.

Altcoins lag

Major altcoins such as payments-focused XRP, leading meme token DOGE, Cardano’s ADA, Ethereum’s native token ETH, and Solana’s SOL are yet to chart a BTC-like bullish breakout above the Ichimoku cloud.

The above coins, though buoyant alongside BTC’s ascent, have yet to make their respective bullish breakouts.