Bitcoin is still trading sideways, with bulls struggling to hold the price above the key $120,000 resistance zone. The market remains in consolidation, but underlying sentiment stays bullish. Fidelity’s Jurrien Timmer compared Bitcoin’s current phase to the midpoint of internet adoption curve, suggesting there’s plenty of upside potential still on the table.

That optimism, combined with the recent passing of three major crypto bills in the U.S. House of Representatives, lifted overall market sentiment last week. Total crypto market cap briefly touched the $4 trillion mark, according to CoinMarketCap, before cooling to around $3.85 trillion.

Bitcoin’s shallow dip shows that bulls are still in control and not in a rush to take profits they’re clearly betting on more upside. The 20-day EMA is sloping up and the RSI is holding in bullish territory, signaling momentum remains with the buyers. If BTC can break above the $123,218 level with conviction, that could confirm the next leg of the uptrend, potentially sending the pair toward $135,729 and even up to the $150,000 target based on the current pattern setup. Time is running out for the bears to flip the script. If they want to regain control, they’ll need to drag BTC below the $110,530 support fast. That move could trigger some short-term profit-taking and push the price down to the $100K psychological level. Right now, BTC has dipped below its 50-day SMA, which could be an early sign of the bulls losing momentum. If the price continues to drop, watch the $115,000 zone closely — it’s a key level for the bulls to defend.

A breakdown there could put the neckline of the inverse head-and-shoulders pattern back in play, with $110,530 acting as last-ditch support. Ether is outpacing the rest of the market and leading the charge in altcoins, sparking what looks like the early stages of altseason. These kinds of explosive moves are typical in bull markets, but they also come with sharp corrections. Traders would be wise to stay disciplined and not chase price blindly — smart position sizing and risk control are key as volatility kicks into high gear.

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

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