The overall market structure appears to be aligning with the Wyckoff accumulation model, and if this trend continues, some analysts predict Bitcoin could reach between $90,000 and $100,000. Meanwhile, others foresee a peak around $92,000 before experiencing a pullback into the low $70,000 range, leading into another upward move heading into 2027. While neither scenario is assured, both interpretations rely on the assumption that a broader upward trend is already in motion.
According to Bloomberg’s James Seyffart, the average holder of Bitcoin ETF has recently surpassed their cost basis of approximately $81,722 for the first time since January. This shift might lead to increased investment into significant funds, including BlackRock’s Bitcoin ETF.
Ethereum: Approaching A Key Resistance Level
Currently, Ethereum is hovering around $2,750, facing resistance at the $2,800 mark— a price level that has historically alternated between support and resistance since 2024. Significant movements in Ethereum’s recent activity have frequently occurred around this critical range.
The 3-day Relative Strength Index (RSI) for Ethereum has entered overbought territory again, and a bearish divergence is starting to manifest, suggesting that while prices are reaching new highs, momentum is not confirming these movements. This pattern was observed before Ethereum’s recent brief slowdown weeks ago, and analysts anticipate a similar occurrence this week—likely a period of deceleration rather than a crash. If Ethereum manages a confirmed close above $2,800, it could pave the way for a rise toward $3,300.
$XRP: Potential for Growth Before Overextension
In comparison, the current setup for $XRP appears less strained than that of Bitcoin or Ethereum. Prominent trader Peter Brandt recently shared a long-term chart for $XRP, indicating a possible target of $5.40. $XRP is recovering from a crucial support level around $1.30 and is now moving towards resistance at approximately $1.60. However, its progress is slower than that of Bitcoin, as it remains confined to testing previous highs in the $1.52-$1.53 range.
A slight warning signal is also emerging, which may suggest a brief slowdown for $XRP in the coming days—similar to what is anticipated for Bitcoin and Solana—before the larger upward trend likely resumes.
The Case for Altcoins Gaining Momentum
A common theme among recent analyses is capital rotation. As Bitcoin stabilizes from its overbought state, experts expect liquidity to shift towards Ethereum, $XRP, and various altcoins. This rotation has been historically observed after Bitcoin’s initial bullish run gains momentum. Additionally, the continual decline in USDT dominance supports this theory, as a drop in stablecoin dominance often indicates a movement of capital from the sidelines into crypto assets.