Bitcoin is still getting rejected near the $110,500 resistance, showing that bears are holding that line pretty aggressively. But bulls aren’t backing down either — they’re keeping BTC above its moving averages, which means they’re not rushing to take profits. The Bollinger Bands are starting to tighten up, and that’s usually a signal that a big move is coming. John Bollinger, the guy who created the indicator, hinted on X that Bitcoin could be gearing up for an upside breakout.

Meanwhile, investor interest remains strong. Bitcoin ETPs saw another $790 million in inflows last week, according to CoinShares. That’s a bit of a slowdown from the $1.5 billion inflows we saw the previous three weeks, which CoinShares’ James Butterfill says shows some caution as BTC hovers close to its all-time high.

Bitcoin has been moving sideways, trading in a tight range between the 20-day EMA at $107,211 and overhead resistance at $110,530. This kind of low-volatility chop usually doesn’t last long — a breakout is brewing, but it’s still unclear which direction it’ll go. If BTC breaks below the moving averages with strong momentum, we could see a drop to $104,500 and possibly a retest of the psychological $100K level. But if bulls flip the $110,530 resistance into support, that could fuel a leg higher toward $111,980 and then to the neckline of the inverse head-and-shoulders formation. A daily close above the neckline would be a bullish signal and could kick off the next major move, potentially aiming for $150,000.

Ether continues to trade in a range between $2,738 and $2,323, with both bulls and bears struggling to gain control. Buyers are making a push to break past $2,635, which could clear the path for a retest of the $2,738 resistance. However, the $2,738–$2,879 zone is likely to be a tough battleground where sellers will defend aggressively. If ETH fails to break through and pulls back, watch the 20-day EMA for support. A bounce from there would give bulls another shot at breaching $2,879. On the flip side, if ETH drops and closes below the 20-day EMA, it would likely keep the pair stuck in this range for longer. A close below $2,111 would tilt the short-term trend in favor of the bears.

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

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