Bitcoin Shatters Resistance: $110,500 Target in Sight as Analysts Name Top Cryptos to Watch

Bitcoin just bulldozed through a critical resistance level—and suddenly, $110,500 doesn’t seem so crazy. Here’s why traders are scrambling.

The breakout playbook

When BTC cracks a key barrier, it doesn’t tiptoe. The king of crypto ripped through resistance like tissue paper, setting up a potential 25% surge if historical patterns hold. No guarantees, but the charts are screaming ‘higher.’

Altcoins waiting in the wings

While Bitcoin hogs the spotlight, smart money’s already rotating into select alts. Ethereum’s gearing up for its next upgrade (because apparently ‘final’ doesn’t mean final in crypto), while Solana’s NFT volumes quietly double. Classic ‘risk-on’ behavior—or as Wall Street calls it, ‘please God let me retire before this blows up.’

The cynical take

Sure, everything looks bullish now. Just wait until some Fed official mutters ‘inflation’ and we all remember crypto’s still tied to macro. But hey—enjoy the green candles while they last.

Open interest data also shows that traders have jumped back into the market as the volume of outstanding futures contracts has climbed back to its highest level since June 10.

This Needs to Happen for Bitcoin to Confirm an Upcoming Push to $110K

Looking at the 4-hour chart, Bitcoin has jumped above a key resistance area and could soon consolidate its bullish breakout if it retests and bounces off this level at $106,500.

If that happens, we could see bitcoin rising to $110,500 in no time. Bulls have a paved way to that level as they will encounter significant liquidity along the way from the weekend’s shorts.

The only thing that could derail this recovery WOULD be a clear indication that tensions are escalating once again beyond the United States’ control. For example, a big attack from Iran to Israel or a complete violation of the cease-fire that leads to a wave of missile launches on both sides.

The Relative Strength Index (RSI) shows the strength of the uptrend as it is now nearing overbought levels in this lower time frame. This indicates that momentum favors bulls.

Moreover, the 9-period and 21-period exponential moving averages (EMAs) have crossed above the 200-period EMA, which is also considered a strong buy signal.

If that happens, this could provide an attractive entry for late buyers.

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BTC Bull Token (BTCBULL) Rewards Token Holders Based on How the Top Crypto Performs

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