Bulls Hold the Line as Bitcoin Eyes $100K

Bears made an attempt to knock Bitcoin lower, but the buying demand was too strong. Bulls held firm, turning what was a 2% intraday dip into a small gain of 0.31% on the day. A decent turnaround, considering the early pressure. Since Tuesday’s breakout, Bitcoin has entered a two-day consolidation phase—but this isn’t a sign of weakness. This is a bullish consolidation.

Rather than pulling back after the rally, Bitcoin is holding steady—positioning for the next leg up toward $100K in the coming weeks.

While the majors posted small moves—Ethereum down 1.41%, Solana up 0.96%, and Ripple down 0.60%—the clear standout continues to be Sui, up another 12.76% on the day. Since Monday, Sui has surged 60% and is now trading back above $3.36, cementing its place as this week’s breakout performer since Bitcoin’s rally kicked off.

XRP continues to struggle with the 55EMA acting as stiff resistance. We're seeing a tug-of-war play out, with price action repeatedly closing right around that key moving average. Despite several attempts to break higher—or drop lower—the battle remains at a stalemate.

Yesterday, the bears managed to push XRP down as much as 4.5% intraday. But demand returned sharply at the 21EMA, providing a strong bid and reversing the move lower. The presence of buyers at key EMAs keeps XRP in play.

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