Bitcoin (BTC) and Altcoins Poised for Breakout as Volatility Hits 563-Day Low

Cryptocurrency market cap is at $3.05T and Bitcoin's dominance is at 71.6%.

The cryptocurrency market is poised for a potential breakout as Bitcoin's 7-day volatility has dropped to its lowest in 563 days, signaling a significant price move could be in the making. As BTC/USD hovers around the $95,000 mark, traders are eyeing a possible breakout above the $95,000 to $98,000 range, which could open the door for a rally towards the psychological barrier at $100,000.

A successful breach of $100,000 might propel Bitcoin further to the $107,000 level, aiming for a higher 1.272 Fibonacci extension from the 2023 March low to 2025 January high. However, if the bulls fail to overcome $95,000, BTC/USD could slide back to the 20-day exponential moving average (EMA) at $90,102 or even the 50-day simple moving average (SMA) at $85,645.

Meanwhile, Ethereum is showing signs of a potential breakout as it trades above the $1,800 mark. Technical indicators suggest a decisive move above the $1,858 level could clear the way for ETH/USD to rally towards the $2,111, a Fibonacci pivot point.

Surpassing this barrier might signal the end of the downtrend from January 2025, setting the stage for a continuation towards the $2,550. But if the bears manage to break below the moving averages, it might indicate a range-bound period between $2,111 and the $1,368 support.

Further, XRP has turned down from its resistance line and slipped below the moving averages, suggesting potential bearish momentum. If the price continues to decline and closes decisively below the SMA at $2.26, XRP/USD could retest the critical support at $2.

A break below this level might open the door for a drop towards the $1.61, aiming for a lower 0.382 Fibonacci extension. However, a rebound above the resistance line could suggest the end of the downtrend, paving the way for a rise to $3, targeting the 1.272 Fibonacci extension at $3.41.

Binance Coin is showing a loss of bullish momentum as BNB/USD slips below its moving averages, indicating a potential shift in favor of the sellers.

To regain control, buyers need to push the price back above the moving averages and break through the overhead resistance at $620. A successful breakout might signal the continuation of the uptrend, targeting the $644 resistance and potentially the $680 level.

However, if the price drops below the 50-day SMA at $576, it might indicate a continuation of the downtrend, aiming for the $566 support or even lower 0.5 Fibonacci extension at $500.

Solana is consolidating as the bulls attempt to sustain the price above the 20-day EMA at $140, crucial for continuing the recovery. A strong rebound could lead to a breakout above the $153 resistance, setting the stage for a continuation towards $180, aiming for a higher 1.618 Fibonacci extension.

However, a decisive move below the 20-day EMA might signal a consolidation phase, with the lower boundary at $110, aiming for a 0.5 Fibonacci extension and the upper boundary at $153.

Dogecoin remains range-bound, with the lower boundary at $0.14 and the upper boundary at $0.21. A breakout above $0.21 could complete a double-bottom pattern, setting the stage for a continuation towards $0.28, targeting a higher 1.272 Fibonacci extension.

On the downside, a decisive move below $0.14 might open the path for a continuation of the downtrend towards $0.10, aiming for a lower 0.382 Fibonacci extension.

Cardano is sustaining above its moving averages, but the bulls have yet to initiate a strong rebound, suggesting more downside potential. A drop below the moving averages could lead to a decline towards the $0.58 support, aiming for a lower 0.5 Fibonacci extension.

To prevent further declines, buyers need to push the price above the $0.75 resistance, setting the stage for a continuation towards $0.83, targeting a higher 1.272 Fibonacci extension.

attempting to break above the $3.90 resistance but faced selling pressure,