Bitcoin is staying strong above the key $109,588 mark, showing that buyers are stepping in every time there’s a small dip. It’s now printed green weekly candles for seven weeks straight, and if bulls can push through one more, that would make it eight — a rare bullish streak. Crypto trader Carpe Noctom pointed out on X that this kind of momentum has only happened three times before, and each time, Bitcoin saw bigger gains over the following six to twelve months. Big-money players are clearly paying attention. CoinShares revealed that Bitcoin exchange- traded products pulled in $2.9 billion in fresh inflows last week alone — that’s a quarter of all inflows seen in 2024 so far.

Bitcoin bulls are showing strength as they try to hold the price above the key resistance at $109,588, a sign that traders are stepping in to buy every dip. The moving averages are trending up, and the RSI is hovering near the overbought zone— both pointing to bullish momentum. If buyers manage to break through the $111,980 level, it could trigger a fresh leg up toward the $130,000 zone.

On the downside, the 20-day EMA around $104,886 is the level to watch. A decisive break below that could lead to a wave of profit-taking by short-term holders, potentially dragging BTC/USDT down to the psychological support at $100,000, where dip buyers are likely waiting to step back in. Ether is also flashing bullish signs after bouncing off the 20-day EMA near $2,425 on May 25, showing that demand is picking up on pullbacks. Bulls are aiming to push the price back above the resistance at $2,738. If they clear that hurdle, ETH/USDT could rally toward the $3,000 mark. The bears might try to slow things down near $2,850, but momentum seems to be with the bulls for now. However, if Ether fails to hold its ground and slides below the 20-day EMA, it could signal weakening buyer interest, opening the door for a drop to $2,323 and possibly even $2,111.

Lastly please check out the advancement’s happening in the cryptocurrency world

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