Kraken Observes Bitcoin’s Bullish Momentum: $105K Breakout Could Spark Major Rally

Bitcoin’s recent price action has caught the attention of traders on Kraken and other major exchanges, as the cryptocurrency shows strong signs of a continued upward trajectory. Breaking through critical resistance levels and establishing new support zones, BTC appears poised for a potential massive rally if key thresholds are surpassed.

Bitcoin Price Breakout Brewing: Is a Massive Rally Just Getting Started?

Bitcoin’s price surge above $102,000 signals potential for further gains, with eyes set on the $107,500 resistance level. A new bullish trend line forms at $103,500, reinforcing upward momentum.

The cryptocurrency broke through key resistance at $100,500 and now trades firmly above $102,500, supported by the 100-hour moving average. Market participants watch for a decisive MOVE past $105,000 to confirm continuation of the rally.

Ethereum Price Defies Gravity: The Unstoppable Rise of ETH Continues

Ethereum’s price surge shows no signs of slowing as ETH breaches key resistance levels, now consolidating near the $2,500 mark. The cryptocurrency has gained over 35% in recent trading, demonstrating remarkable strength against both Bitcoin and traditional fiat currencies.

A bullish trend line emerges on hourly charts, with firm support established at $2,480. Market technicians note the $2,600 level as the next critical threshold—a breakout could signal further upside potential. The rally builds on steady accumulation since ETH cleared the $2,200 base, with particular momentum following the $2,350 breakthrough.

Kraken’s order books reveal sustained buying pressure as institutional flows return to altcoins. This performance echoes 2021’s bull market patterns, though with notably stronger fundamentals supporting Ethereum’s network upgrade roadmap.