“Could Bitcoin’s Mysterious Stability Be the Calm Before a Crypto Storm? Altcoins Hint at Hidden Bullish Energies”

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Bitcoin has been trading in a predictable range, maintaining a steady pace over the weekend, without any major directional moves by the bulls or bears. According to Nick Forster of onchain options protocol Derive, the market shows limited short-term upside for Bitcoin, owing to the lack of a specific BTC reserve announcement. Meanwhile, CryptoQuant contributor IT Tech notes that long-term Bitcoin holders continue to buy during declines, while short-term holders purchase during rallies, fueling a bullish outlook for Bitcoin over the next 12 months.

While analysts are split on Bitcoin’s near-term prospects, the spotlight is also on altcoins, particularly Solana (SOL), Chainlink (LINK), Mantra (OM), and Raydium (RAY), which are exhibiting bullish signals.


Bitcoin is caught between the 20-day exponential moving average (EMA) and overhead resistance, with the path of least resistance leaning towards an upside. A break above $109,588 could start the next upward trend, potentially propelling the BTC/USDT pair to $126,706.

Solana faces significant resistance at $273, despite the bulls seemingly having the upper hand. If SOL can rise above this level, it may surge to $296 and eventually $375. However, a move below $229 could see it drop to $180.

Chainlink buyers are showing resilience despite sell-offs at $27.41. A successful push past this resistance could enable LINK to rally up to $33.36. However, a break below current moving averages could lead to a fall to the $20 support level.

Mantra experienced a breakout above $4.63 but struggles to maintain momentum. A sustained move above this mark might drive OM towards $6.32. Conversely, a retreat below $4.20 could indicate a bull trap.

Raydium resumed its uptrend after surpassing the $6.50 resistance and is now eyeing a potential surge to $10 if it can break past the $8.70 resistance. However, a drop below $6.50 may lead to a decline to $5.51.