Kraken Observes Bitcoin’s Bullish Surge as ATH Nears Amid Strong Market Momentum

Bitcoin's price has surged above $103,250, signaling strong bullish momentum, with consolidation patterns suggesting a potential breakthrough past the $106,500 resistance level. As of June 25, 2025, BTC is trading firmly above $105,000, supported by a 100-hour simple moving average and a newly formed bullish trend line at $106,000 on the hourly BTC/USD chart. Market optimism is growing as Bitcoin clears key Fibonacci levels, including the 76.4% retracement, indicating a possible push toward new all-time highs if bulls maintain their pressure. This development highlights Kraken's role in monitoring and facilitating these dynamic market movements, reinforcing its position as a leading platform for cryptocurrency trading and analysis.

Bitcoin Price Pushes Up — ATH in Sight if Bulls Maintain Pressure

Bitcoin's price surge above $103,250 signals bullish momentum, with consolidation suggesting a potential breakthrough past the $106,500 resistance level. The cryptocurrency now trades firmly above $105,000, supported by a 100-hour simple moving average and a newly formed bullish trend line at $106,000 on the hourly BTC/USD chart.

Market Optimism grows as BTC clears key Fibonacci levels, including the 76.4% retracement of its recent decline from $106,470 to $98,276. Immediate resistance looms near $106,500, but a decisive close above $108,500 could trigger another leg up—potentially challenging all-time highs.

Ethereum Price Targets Upside Break — Will Momentum Carry It Past the Hurdles?

Ethereum's price has surged past the $2,220 resistance level, signaling a bullish trend. Trading above $2,320 and the 100-hourly Simple Moving Average, ETH shows potential for further gains. A connecting bullish trend line on the hourly chart provides support at $2,390, reinforcing the upward momentum.

The next critical resistance lies at $2,500, with a breakout potentially propelling the price toward $2,550. A clear MOVE above $2,565 could open the path to $2,650, marking a significant milestone for Ethereum's near-term trajectory.