Bitcoin has decisively reclaimed ground above the psychologically critical $100,000 level this week, signaling a renewed bullish momentum in the cryptocurrency market.
Supported by substantial inflows into spot Bitcoin ETFs—most notably BlackRock’s IBIT—buyers are working to cement these gains and potentially push toward new all-time highs.
The market leader’s renewed strength has also drawn attention to a variety of altcoins, sparking debate about whether an “altseason” may be beginning.
Over the past week Bitcoin rose more than 10% as buyers managed to breach several major resistance levels.
This rally has been powered largely by steady institutional demand, exemplified by BlackRock’s IBIT spot Bitcoin ETF. According to Farside Investors, IBIT extended its inflow streak to 19 days and attracted $1.03 billion in the most recent trading week alone.
Technically, Bitcoin is gradually approaching its all-time high of $109,588, showing a deliberate but confident advance by bulls who appear reluctant to lock in profits prematurely.
Although this vigorous rally has pushed the relative strength index (RSI) into overbought territory—often a precursor to short-term correction or consolidation—any pullback is expected to find strong support between the $100,000 level and the 20-day exponential moving average (EMA), currently near $96,626.
A successful rebound from that support zone would significantly increase the odds of breaking past $109,588 and could extend the move toward $130,000.
However, bears still have a chance to retake control.
A decisive break below the 20-day EMA could trigger a steeper decline toward the 50-day simple moving average (SMA), near $88,962.
On shorter timeframes, strong selling pressure is anticipated in the $107,000–$109,588 zone.
Defending the 4-hour 20-EMA during any pullback would signal continued upside momentum, while a break below $100,000 could open the door to deeper corrections toward $93,000 or even $83,000.
Ether (ETH) Rockets Higher, Eyes on Upper Targets
Ether (ETH) staged a dramatic advance, rising from $1,808 on May 8 to $2,600 by May 10, demonstrating aggressive buying interest.
This rapid ascent also pushed ETH’s RSI into overbought territory, suggesting a possible short-term consolidation or minor pullback.
Key support levels to watch on any decline are $2,320 and then $2,111.
If Ether finds support at these levels and resumes higher, the ETH/USDT pair could extend its rally toward $2,850 and then aim for the $3,000 mark.
Conversely, a break below the $2,111 support would invalidate the immediate bullish outlook and could lock price action into a range between $1,754 and $2,600.
On the 4-hour chart, bulls managed to push above the $2,550 resistance but have struggled to sustain those higher levels.
A positive sign is that buyers have not conceded much ground, indicating they anticipate further upside.
A break above $2,609 could ignite a move toward $3,000, while a drop below the 4-hour 20-EMA could trigger a deeper correction back to $2,111 support.
Dogecoin (DOGE) Breaks Resistance, Signals Trend Shift
Dogecoin (DOGE) showed a notable short-term trend change after climbing above $0.21 on May 10.
The rally now faces selling pressure near $0.26, which could lead to a retest of the breakout level at $0.21.
If DOGE rebounds decisively from $0.21, it would indicate a shift in market sentiment from “sell the rally” to “buy the dip,” increasing the likelihood of continued gains toward $0.31.
To negate this bullish momentum, sellers would need to push the price back below the 20-day EMA, roughly $0.19.
Such a move could trap DOGE in a larger trading range of $0.14–$0.26 for an extended period.
Immediate support on a decline from $0.26 can be seen at $0.22 and then $0.21.
Pepe (PEPE) Surges Sharply, Tests Key Levels
Meme coin Pepe (PEPE) staged a steep rally off the 50-day SMA (around $0.000008) and broke above the $0.000011 resistance on May 8.
This aggressive push has pushed PEPE’s RSI into overbought territory, signaling the potential for a pullback. The PEPE/USDT pair may retrace to retest the $0.000011 breakout level.
If that level holds as support, it would confirm further upside potential toward $0.000017 and then $0.000020.
However, a drop below the 20-day EMA (about $0.000009) would undermine the bullish outlook.
On the 4-hour chart, bears are defending the $0.000014 area aggressively.
A pullback to the 4-hour 20-EMA would be a critical support to monitor; a bounce from there could lead to another attempt to break $0.000014, while failure could send PEPE back to $0.000011 or even the 50-SMA.
Cosmos (ATOM) Breaks Out from Base, Eyes Higher Levels
Cosmos (ATOM) signaled a potential trend reversal by closing above the $5.15 resistance on May 10, breaking out from a large base pattern.
Bears are expected to defend this level aggressively.
If they succeed in pushing the price back below $5.15, aggressive bulls could become trapped and price could retreat toward the moving averages.
If buyers hold the price above $5.15, the ATOM/USDT pair could gather momentum and rise toward $6.50.
Although sellers will likely try to halt the advance near that level, a successful break above $6.50 could open the way to $7.50.
The sharp rally has pushed the 4-hour RSI into overbought zones, suggesting a short-term correction or consolidation may follow.
Bulls must defend the $5.15 level to preserve momentum toward $6.60. A break below $5.15 could lead to a deeper correction toward the 20-EMA or even $4.70.
While some analysts debate whether a full-blown “altseason” has truly begun—given many altcoins’ modest recoveries from earlier declines—the recent price action across several major cryptocurrencies suggests renewed appetite for upside in the market.