- Bitcoin targets new highs as $112K holds strong support.
- Ethereum and altcoins may gain momentum after BTC consolidates.
- XRP, LINK, Solana, and SUI show strong breakout potential.
The crypto market is showing strong bullish momentum, with Bitcoin leading the charge and altcoins preparing for their next leg up. After a series of consolidation phases, many digital assets are coiling.
Related: ’Alternatives’ Could Rise as Bons Calls BTC, ETH, XRP, BNB, USDT ‘Mediocre’
Is New ATH Coming For Bitcoin?
Bitcoin is closing in on a fresh all-time high, according to analyst Michael van de Poppe. The top cryptocurrency briefly touched $121,000 this week and now sits well above the key $112,000 support level. He believes October could be the month when Bitcoin finally breaks into new record territory.
Van de Poppe added that a short pause in Bitcoin’s rally may set the stage for Ethereum and other altcoins to gain momentum. As investors look to take on more risk, he expects money to flow from Bitcoin into the broader altcoin market, driving the next wave of upside.
The altcoin market is also showing signs of a big move as TOTAL3 tightens up. Historically, after consolidation phases, altcoins have seen gains of 28% and 39%.
Now, the next leg up could push the total altcoin market cap well past $1.3 trillion, making this an important moment for altcoins.
Altcoins To Watch This Month
XRP Holds $3.40 Support With $4.90 Target
XRP continues to consolidate near $3.40. According to an analyst, a sustained consolidation above this level could see measured moves toward $4.90, with potential extensions up to $5.80 based on prior chart patterns.
Chainlink (LINK) Holds Yearly Open
Chainlink (LINK) has held its yearly open, signaling an important support level after flipping previous resistance into support. The range for LINK appears clear, with $23 as the first target and $27 marking a possible breakout.
Layer 1 Altcoins: Solana And SUI
- Solana (SOL): Maintaining the 50% level, hinting at potential upside if momentum continues.
- SUI: Approaching major resistance; a pullback could offer a good entry for breakout trades targeting $8.
Other Layer 1 tokens, such as HYPE and APEX, are also being monitored. These projects benefit from strong backers and centralized messaging, which can drive market activity when executed strategically.
Related: Q3 2025 Crypto Recap: Bitcoin ETFs, U.S. Laws, and Stablecoins Surge
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Source: https://coinedition.com/bitcoin-breaks-121k-as-xrp-chainlink-solana-sui-gear-for-breakout/