Bitcoin consolidates around resistance between $86,000 and $87,000, forming an ascending triangle that analysts view as favorable for further upside but requiring confirmation. The total crypto market capitalization excluding stablecoins also sits near resistance, with alternative scenarios of $90,000 to $95,000 upon breakout or a return to $82,000 to $83,000 in case of failure. Ethereum holds support around $2,650 but shows recent weakness against Bitcoin, while Solana tests the $120 to $125 zone where the price has bounced multiple times since 2024. Altcoins overall maintain favorable relative value against Bitcoin, staying above an old bearish trendline.
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