Bitcoin, Ethereum Hold Steady as XRP, Dogecoin Gain — Can BTC Reclaim Range Highs?

Bitcoin is holding near $84,000 as traders consolidate and watch for a breakout to determine the market’s next move.

Notable Statistics:

• Coinglass data shows 81,461 traders were liquidated in the past 24 hours for $339.15 million.
• SoSoValue data shows net inflows of $346.98 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $104.63 million.
• In the past 24 hours, top gainers include Ondo, Quant and Litecoin.

Notable Developments:

Trader Notes:

Roman Trading noted that Bitcoin needs to turn prior resistance into support to confirm the bullish structure.

A weekly close above $82,500 would strengthen the case, while a strong bounce in the coming days could offer an earlier signal. Failure to hold above the breakout area could trigger a sharper reversal.

Trader Jelle predicts flipping the 50-week/100-week EMA cluster into support would be a major longer-term bullish signal. Historically, that has suggested the bear market is over, though it does not necessarily mean Bitcoin moves straight higher immediately.

Ardi highlighted that Bitcoin must reclaim $85,000 to resume its advance. He expects continued liquidity hunting around $81,000-$83,000, with $81,500 and the prior range breakout key to hold.

A successful retest could set up another push higher, failure could send BTC back into the $70,000s.

Image: Shutterstock