Marketdash

Bitcoin Holds $92K as Traders Eye Year-End Push Toward $100K

MarketDash Editorial Team
9 hours ago
Bitcoin is trading around $92,000 Monday morning with nearly half a billion in liquidations over 24 hours. Analysts see growing momentum as BTC reclaims key levels, while Ethereum battles resistance and XRP compresses into a potential breakout pattern.

Bitcoin (BTC) started the week around $92,000 Monday morning, shrugging off nearly half a billion dollars in liquidations over the past 24 hours. The market seems to have found its footing after a weekend dip, and analysts are starting to sketch out bullish scenarios for the weeks ahead.

ETF flows tell an interesting story. Bitcoin ETFs pulled in $54.8 million in net inflows on Friday, while Ethereum (ETH) ETFs saw $75.2 million head for the exits. The divergence suggests investors are making some distinct choices about where they want exposure right now.

Momentum Building Into Resistance

Crypto analyst Michael van de Poppe noted that Bitcoin quickly filled the CME gap sitting at $89,400 before buyers showed up and pushed price back into a major resistance zone. He's watching for growing strength and expects a breakout above $92,000 soon, which could clear the way toward $100,000 before the year wraps up.

Trader Jelle observed that Bitcoin kicked off the week on solid ground, reclaiming its monthly open and printing a higher low over the weekend. If BTC can break through and hold the $91,000 to $93,000 resistance range, momentum might carry it toward six figures later this week.

For Ethereum, Jelle pointed out a brief fake-out from its megaphone pattern, but the price held crucial support and established a strong higher low. A decisive reclaim of $4,000 could set ETH up for a cleaner path higher without as much resistance overhead.

Altcoin Technical Pictures

Crypto chart analyst Ali Martinez outlined his predictions for a couple of major altcoins. XRP (XRP) is compressing within a triangle pattern and appears primed for a potential 16% breakout once the pattern resolves.

Solana (SOL) faces a more precarious situation. Martinez noted that SOL must defend the $124 level to avoid further downside. Losing that level exposes $115, and possibly $106 if selling pressure continues.

Here's where the major cryptocurrencies were trading Monday morning:

CryptocurrencyTickerPrice
BitcoinBTC$92,033.45
EthereumETH$3,156.68
SolanaSOL$138.35
XRPXRP$2.09

Meme Coins Catch a Bid

The meme-coin category reflected broader market strength, climbing 3.5% to reach a total market cap of $48.6 billion. Even the joke coins are participating in Monday's rally.

Martinez issued a warning about Dogecoin (DOGE), noting it's sitting on thin support. If price breaks lower from current levels, the next significant demand zone doesn't show up until $0.081, which would represent substantial downside from here.

CryptocurrencyTickerPrice
DogecoinDOGE$0.1437
Shiba InuSHIB$0.058466

Bitcoin Holds $92K as Traders Eye Year-End Push Toward $100K

MarketDash Editorial Team
9 hours ago
Bitcoin is trading around $92,000 Monday morning with nearly half a billion in liquidations over 24 hours. Analysts see growing momentum as BTC reclaims key levels, while Ethereum battles resistance and XRP compresses into a potential breakout pattern.

Bitcoin (BTC) started the week around $92,000 Monday morning, shrugging off nearly half a billion dollars in liquidations over the past 24 hours. The market seems to have found its footing after a weekend dip, and analysts are starting to sketch out bullish scenarios for the weeks ahead.

ETF flows tell an interesting story. Bitcoin ETFs pulled in $54.8 million in net inflows on Friday, while Ethereum (ETH) ETFs saw $75.2 million head for the exits. The divergence suggests investors are making some distinct choices about where they want exposure right now.

Momentum Building Into Resistance

Crypto analyst Michael van de Poppe noted that Bitcoin quickly filled the CME gap sitting at $89,400 before buyers showed up and pushed price back into a major resistance zone. He's watching for growing strength and expects a breakout above $92,000 soon, which could clear the way toward $100,000 before the year wraps up.

Trader Jelle observed that Bitcoin kicked off the week on solid ground, reclaiming its monthly open and printing a higher low over the weekend. If BTC can break through and hold the $91,000 to $93,000 resistance range, momentum might carry it toward six figures later this week.

For Ethereum, Jelle pointed out a brief fake-out from its megaphone pattern, but the price held crucial support and established a strong higher low. A decisive reclaim of $4,000 could set ETH up for a cleaner path higher without as much resistance overhead.

Altcoin Technical Pictures

Crypto chart analyst Ali Martinez outlined his predictions for a couple of major altcoins. XRP (XRP) is compressing within a triangle pattern and appears primed for a potential 16% breakout once the pattern resolves.

Solana (SOL) faces a more precarious situation. Martinez noted that SOL must defend the $124 level to avoid further downside. Losing that level exposes $115, and possibly $106 if selling pressure continues.

Here's where the major cryptocurrencies were trading Monday morning:

CryptocurrencyTickerPrice
BitcoinBTC$92,033.45
EthereumETH$3,156.68
SolanaSOL$138.35
XRPXRP$2.09

Meme Coins Catch a Bid

The meme-coin category reflected broader market strength, climbing 3.5% to reach a total market cap of $48.6 billion. Even the joke coins are participating in Monday's rally.

Martinez issued a warning about Dogecoin (DOGE), noting it's sitting on thin support. If price breaks lower from current levels, the next significant demand zone doesn't show up until $0.081, which would represent substantial downside from here.

CryptocurrencyTickerPrice
DogecoinDOGE$0.1437
Shiba InuSHIB$0.058466