Bitcoin has surged past the $111,000 mark, setting a new all-time high (ATH), yet the market response has remained curiously muted. Unlike the exuberant bull runs of 2017 and 2021, this rally has the feel of a slow grind rather than an explosive breakout.
Technically, Bitcoin remains in a strong uptrend. The 50-day exponential moving average (EMA) sits well above the 200-day EMA, confirming a bullish “golden cross” pattern. The breakout over the $102,000 resistance level has held firm, supported by gradually rising trading volume.
Still, caution flags are emerging. The price is now stretched far above short-term moving averages, and the Relative Strength Index (RSI) has entered overbought territory at 77—an indication that a near-term correction could be looming.
Notably, the rally has yet to draw in significant new capital. In past bull markets, breaching previous ATHs typically unleashed a flood of institutional and retail buying. This time, momentum appears to stem from capital rotation and short squeezes, with $239 million in short liquidations fueling recent gains. Without fresh inflows, the sustainability of this rally remains in question.
While the ATH confirms Bitcoin’s long-term bullish structure, its psychological significance hasn’t translated into the kind of FOMO-driven rally seen in previous cycles. A pullback toward the $101,000–$102,000 zone could provide a healthier foundation for future growth.
Shiba Inu Shows Signs of Recovery Amid Technical Bounce
Shiba Inu (SHIB) is showing signs of regaining its footing after weeks of volatility. The meme-based token has bounced convincingly off its 100-day EMA, reclaiming the key $0.0000150 level—a short-term psychological marker.
Adding to the bullish sentiment, the 26 EMA is beginning to curl upward, closely trailing the price action. This suggests that buying momentum is gradually returning, potentially marking the start of a new upward phase.
Should SHIB manage to breach its 200 EMA near $0.000016, the move could confirm a medium-term trend reversal. However, low trading volumes hint that this rebound may be more technical than driven by strong investor enthusiasm. Traders should watch the $0.000017 level carefully; failure to break higher could lead to a pullback toward the 100 EMA.
Dogecoin Eyes Recovery as Technical Breakout Gains Traction
Dogecoin (DOGE) is attempting a recovery after breaking through a descending trendline, a move that often signals the end of a correction phase. Trading near $0.24, DOGE is approaching critical resistance at $0.25, a historically significant level.
If DOGE can break through with strong volume, it could advance to the $0.28–$0.30 range—a zone that serves both psychological and structural resistance. The alignment of the 26, 50, and 100 EMAs supports the bullish case, particularly given the breakout from a falling wedge pattern, which often precedes stronger upward momentum.
However, traders should remain vigilant. Failure to sustain a move above $0.25 could result in a double top and send the price retreating toward support near $0.21. Volume has increased during this latest move, suggesting renewed interest, though still shy of the levels needed to spark a euphoric rally.
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