Bitcoin is hovering around $70,000, following $115.2 million in net inflows into Bitcoin ETFs on Wednesday, while Ethereum ETFs reported $57 million in net inflows.
Cryptocurrency |
Ticke | Price |
| Bitcoin | (CRYPTO: BTC) | $70,555.61 |
| Ethereum | (CRYPTO: ETH) | $2,071.21 |
| Solana | (CRYPTO: SOL) | $86.87 |
| XRP | (CRYPTO: XRP) | $1.39 |
| Dogecoin | (CRYPTO: DOGE) | $0.09442 |
| Shiba Inu | (CRYPTO: SHIB) | $0.055945 |
Meme coin market capitalization is up 4.1% to $33 billion over the past 24 hours.
Trader Commentary:
Crypto trader Jelle said Bitcoin continues to mirror its mid-2022 bear market consolidation pattern. If the fractal holds, the asset could trade sideways around $70,000 through the weekend before potentially moving lower.
He noted that fractal patterns eventually break, making the key uncertainty when the current structure stops tracking the historical pattern.
Trading analyst Lennaert Snyder said Ethereum is compressing near its range highs, similar to Bitcoin.
If Ethereum loses the $2,000 level, which would signal a bearish market structure break, the next liquidity target could be around $1,910. But if the compression resolves upward, Snyder said short positions may no longer be attractive this week, with a potential scalp long toward $2,160 if new weekly highs form.
Crypto chart analyst Ali Martinez highlighted a Bollinger Bands squeeze forming on Solana, suggesting volatility has dropped significantly. Such compression often precedes a sharp breakout in either direction.
Trader Javon Marks said Dogecoin has historically followed a repeating cycle of breakout → consolidation → major rally. Based on this pattern, he sees potential upside targets of $0.739, $1.25, and $1.80+ in an extended bull run.
Image: Shutterstock
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