Can Bitcoin Hit $120K as Altcoins Recover?

Bitcoin (BTC) stayed above $114,000 on Tuesday after holding support near a key technical level. Fresh inflows into spot Bitcoin ETFs and new accumulation by large investors kept sentiment steady, pointing to room for more upside if demand continues.

Buying activity from major holders gained pace early in the week. On Monday, Strategy disclosed it purchased 390 BTC, lifting its total holdings to 640,808 BTC. The stash is valued at about $47.44 billion.

Around the same time, American Bitcoin, linked to Eric Trump and Donald Trump Jr. said it bought 1,414 BTC worth roughly $163 million. The firm now holds about 3,865 BTC.

In a separate update on Tuesday, Bitcoin treasury firm MetaPlanet said it plans to buy back 150 million common shares in a program valued at $495 million. The move signals confidence in its balance sheet and marks another sign of continued corporate positioning around BTC.

For now, Bitcoin’s price remains stable as institutional interest builds. The coming days may show whether buyers can maintain momentum and push BTC toward another leg higher.

Company president Simon Gerovich said on X that MetaPlanet has adopted a new capital policy to guide financing, investment, and shareholder returns. He noted that the plan focuses on careful issuance of preferred and common shares to improve Bitcoin yield and protect long-term value.

Buy Crypto

Spot ETF activity stayed firm this week. Data from SoSoValue shows U.S. spot Bitcoin ETFs brought in about $149.3 million in net inflows on Monday.

It was the third straight day of positive flows. Continued buying could add support to Bitcoin’s recent bounce.

A recent report from 21Shares said the October 10 market pullback followed former President Donald Trump’s call for 100% tariffs on Chinese imports.

The comments revived trade-war concerns and pushed Bitcoin’s correlation with the S&P 500 above 60%.

Analysts now say the statements may reflect a negotiation stance rather than a fixed plan. Trump has since signaled some room to ease the tone.

Crypto markets have begun to stabilize, and the recent move higher suggests that fewer trade concerns may help broader sentiment. A similar recovery took place after Liberation Day, when the total crypto market value gained more than 50% in six weeks.

Bitcoin Price Prediction: Is BTC Preparing for a Move Toward $120,000 After Holding Key Fibonacci Support?

Bitcoin has continued to hold near the 61.8% Fibonacci retracement drawn from the April low of $74,508 to the all-time high of $126,199. The price bounced from $106,453 on Wednesday and climbed 6.57% over the next four sessions.

It later closed above the 50-day EMA at $113,407. Still, BTC faced resistance near the 78.6% retracement at $115,137. By Tuesday, the price had slipped back toward the 50-day EMA near $113,407.

An emphatic close above the 78.6% Fibonacci mark at $115,137 would pave the way to the potential advancement in the direction of the $120,000 area, which will be one of the major psychological levels.

Technical indicators display a better sentiment. The Relative Strength Index (RSI) of the daily chart is now at 53, which is higher than the 50 level of the index, indicatingan increasing upward trend.

Moving Average Convergence Divergence (MACD) also revealed a bullish crossover on Sunday, which is a buy signal and strengthens the optimistic expectation.

Nevertheless, this trend would be tested in case of a decline in current levels. The 50-day EMA at the level of $113,407 may mark a close below which the losses may become significant and the next support zone will be revealed at the level of 110,000.

Do Spot and Futures Markets Support a Bullish Cardano Setup?

According to the current data, on Tuesday, Cardano (ADA) is trading around a price of $0.66, having been rejected at one of the essential resistance levels the day before.

New on-chain indicators show that whales are becoming increasingly interested, further increasing the chances of a potential breakout. The technical readings are also favorable and the momentum indicators have shown that bearish pressure is becoming weak.

Whales add ADA on price dips

Data from Santiment’s Supply Distribution tool shows select whale groups increasing their ADA holdings during recent market softness.

Addresses holding between 1 million and 10 million ADA (yellow line) and those with 10 million to 100 million ADA (blue line) accumulated roughly 100 million tokens between October 15 and Tuesday.

Meanwhile, wallets in the 100,000 to 1 million ADA range (red line) offloaded about 30 million tokens over the same period.

The move implies that the middle-sized holders could have thrown their hands in and the big players took advantage of the drop to buy ADA at a reduced price.

Further information on CryptoQuant supports the bullish arrangement. Spot and futures market indicators are depicting significant whale buying and order preeminence, which soothes the possibility that ADA might be provided to make a fresh surge upward.

Cardano Price Prediction: Can ADA Break Above the 61.8% Fibonacci Level Soon?

ADA is trading at about $0.66 on Tuesday, and it has not hit the 61.8% Fibonacci retracement point at $0.69.

The zone intersects with daily resistance at 0.70, where a powerful ceiling was created, which initiated profit-taking and resulted in the recent pullback.

Daily RSI has crawled to 43 on its way to the neutral 50 lin,e which is an indicator of a declining bearish pressure.

The MACD also flipped positive over the weekend, signaling early momentum support if buyers attempt another move at $0.70. A close above that level would likely open a path toward the next daily resistance at $0.84.

A 15-minute chart posted by an analyst on X shows ADA forming a lower-high structure before breaking down.

The highlighted zone reflects the rejection area near $0.685–$0.690, followed by consistent selling that carved out a clean downturn. The analyst notes he closed his full position with a reported +7.6R return.

The short-term price action shows a clear shift from a local top into a descending sequence. After testing the upper supply region, ADA accelerated lower, printing a series of lower highs and lower lows. This structure suggests sellers remain in control intraday.

Multiple consolidation periods emerged during the decline but failed to reverse the trend, indicating firmness on the downside.

ADA briefly attempted to base around $0.672–$0.675 but could not hold above it. The move extended toward $0.66 and briefly dipped beneath, reflecting increased volatility as buyers attempted to defend the round-number support.

No significant bullish reversal pattern is visible on the timeframe. Instead, the market appears to be forming a short-term distribution range.

A break below $0.66 could invite further downside toward $0.64. However, reclaiming the mid-range near $0.675 would be the first sign of intraday strength, followed by resistance at $0.685.

Overall, ADA is struggling below a major resistance band, with near-term price action still biased to the downside. A sustained close above $0.70 remains the broader trigger for bullish continuation, while failure to defend $0.66 may pressure the market toward deeper support.

Could BitMine’s Aggressive ETH Accumulation Influence Market Trends?

Ethereum (ETH) rose about 3% on Monday after BitMine disclosed that its treasury balance has climbed to 3.31 million ETH.

BitMine Immersion (BMNR), the Ethereum treasury operation, expanded its holdings by 77,055 ETH following another acquisition round last week.

According to a Monday update, the new balance represents roughly 2.8% of the circulating supply of 121.16 million ETH, placing the company more than halfway toward its stated target of securing 5% of all ETH.

The firm also reported cash reserves of $305 million, alongside a 192-Bitcoin (BTC) balance and an $88 million position in Worldcoin (WLD) held through treasury unit Eightco Holdings.

As of October 26, BitMine’s total assets stand at $14.2 billion.

BitMine remains the world’s second-largest digital asset treasury (DAT), trailing MicroStrategy (MSTR), which holds 640,808 BTC after purchasing an additional $43.4 million worth of Bitcoin last week.

BitMine leads among public Ethereum treasuries, followed by SharpLink Gaming (SBET) with 859,395 ETH and The Ether Machine (ETHM) with 496,712 ETH, based on StrategicETHReserve figures.

Shares of BitMine were up 6% as of Monday’s publication time, coinciding with ETH’s 3% increase.

Chairman Thomas Lee said broader positive sentiment came as recent US-China trade discussions helped lift risk assets.

Ethereum Price Prediction: How Does the Current ETH Structure Compare to the May 2025 Breakout?

Ethereum saw $124.6 million in liquidations over the past 24 hours, with most coming from short positions worth $94.6 million, data from Coinglass showed.

A well-followed analyst who goes by Max Crypto said Ethereum may be tracing a familiar bullish setup.

He shared a comparison chart suggesting that current market conditions in October 2025 look similar to the period that came right before Ethereum’s strong rally in May 2025. He said this pattern could help ETH climb toward $7,000, which would be a new cycle high.

His chart highlights how Ethereum previously fell through a steady downtrend, printing a run of lower lows along a sloping support line. That move ended with a sharp washout, shown as a capitulation wick inside a yellow box. Price later reclaimed the breakdown area.

After that, ETH moved into a calm stretch, seen as a gray band on the chart. It eventually pushed through this zone and ran higher. Once it cleared the consolidation area, the price accelerated, rising from about $2,500 to more than $3,800 within weeks.

Max Crypto suggests that Ethereum may be setting up in the same way today, with price again testing similar structural points. His view is that a strong move could follow if ETH repeats its earlier behavior.

The right side of the chart shows what Max Crypto believes is a similar setup forming in October 2025. ETH has been making lower lows for several weeks, then briefly fell below trend before snapping back, leaving a sharp wick near the same descending line.

Buyers responded at the lows and pushed the price back into a familiar holding area between roughly $4,000 and $4,300. This zone mirrors the earlier accumulation range seen before the May 2025 breakout.

From there, the projection sketched on the chart points higher. A green path highlights a possible push toward the $6,500–$7,000 region. The repeated steps downtrend, capitulation wick, price recovery, and a period of tight trading form the core of the analyst’s bullish view.

If ETH stays steady near current levels and clears the top of this range, momentum could pick up fast. A daily close above $4,400–$4,600 would add weight to that case and leave the door open to the upside levels shown on past extensions.

The structure is still unconfirmed. A move back under the gray zone would undermine the fractal and hint at deeper downside.

For now, Max Crypto argues that the pattern “is repeating itself,” suggesting this may be the early phase of a new leg higher.

Market watchers are keeping an eye on whether Ethereum can break above key resistance and repeat its strong performance from earlier this year.

The token climbed above the 100-day and 50-day EMAs, moving past the $4,100 barrier on Monday after spending the past week struggling to hold that level. The next major hurdle sits at $4,270. That same price blocked gains on October 14 and pushed ETH back below $3,700. A close above $4,270 could clear the way toward $4,500, with $4,800 as the next ceiling.

If buyers lose control, support could form near $3,800, especially if the price slips under $4,100 again.

The RSI is holding above the neutral mark and its signal line, showing steady strength. But the Stochastic Oscillator is now overbought, which suggests we could see a short pause or pullback even with the broader uptrend still intact.