Bitcoin made a quick run at $90,000 on Monday before reality set in and prices slipped back to around $87,000. It's the kind of move that gets everyone excited for about five minutes before the market reminds you that nothing is easy in crypto these days.
The jittery sentiment isn't exactly surprising given last Friday's ETF flows. Bitcoin (BTC) ETFs recorded $275.9 million in net outflows, while Ethereum (ETH) ETFs saw $38.7 million head for the exits. Not catastrophic, but not exactly a vote of confidence either.
Will Bitcoin Finally Break Free?
Here's where things stand right now. Bitcoin is trading at $87,545.66, Ethereum sits at $2,959.80, Solana is at $125.03, and XRP (XRP) is changing hands at $1.87.
Trader Capo Of Crypto points out that Bitcoin found its bottom near $80,500 back on November 21 and has been stuck in a $84,000 to $90,000 range for over a month now. The setup is straightforward: reclaim $90,000 convincingly, and the door opens to $95,000 and potentially that magical six-figure milestone everyone's been waiting for. Despite the choppy action, the broader outlook remains bullish.
Crypto trader Jelle noticed something interesting when comparing Bitcoin's current price structure to previous local bottoms. You've got sideways action while holding key support, bullish divergence showing up on the three-day chart, and a bullish MACD crossover on that same timeframe. His question is whether BTC is now gearing up to reclaim the ground it lost.
Ethereum Eyes Resistance Zone
Michael van de Poppe thinks Ethereum is setting up for a strong move higher once it clears the $3,050 to $3,150 resistance zone. Break decisively above that range, and you're looking at a potential rally toward $3,700. The lower timeframes are already showing strength building beneath the surface.
Altcoins Show Their Own Setups
Over in Solana (SOL) land, Crypto Tony says bulls need to reclaim the $128 level to maintain control. If Solana can deliver a solid push over the next few weeks, the next upside target sits at $144.
Then there's XRP, where things get really interesting. Javon Marks points out that XRP's measured move suggests a target above $15. After its 2017 breakout, XRP fully followed through on a similar technical setup, and the current structure looks remarkably similar. If history decides to rhyme, that would imply a potential gain of more than 690%. Yes, you read that right.
Meme Coins Hold Steady
The broader meme coin market is holding up reasonably well, up 0.2% with a total market value of $42.8 billion. Dogecoin (DOGE) is trading at $0.1249, while Shiba Inu (SHIB) sits at $0.00007437.
Crypto chart analyst Ali Martinez noticed that Dogecoin may be forming another wedge pattern, the kind that could trigger a renewed upward trend if it plays out according to the technical playbook.
So the crypto market is doing what it does best: keeping everyone guessing while technical patterns slowly take shape. Whether these setups deliver or not, we'll find out soon enough.




