Bitcoin is aiming for highest weekly close above $109,000, driving buying in altcoins

From Cointelegraph

June 29, 2025 5:21:00 pm:

Bitcoin is aiming for its highest weekly close above $109,000, with potential for more gains. Altcoins like HYPE, BCH, LINK, and SEI could see rallies if Bitcoin stays above $105,000. Strong buying near $100,000 level is pushing Bitcoin up by over 6%, with a potential new uptrend if it closes above $108,000.

Bitcoin’s strength is driving buying in altcoins, which are bouncing off support levels. If Bitcoin hits a new all-time high, select altcoins may rally further by breaking overhead resistance levels. Top 5 cryptocurrencies are showing strength on the charts, with crucial support and resistance levels.

Bitcoin Cash is facing resistance at $500, but bulls are holding ground. Moving averages and RSI suggest bullish control, increasing chance of a breakthrough above $500 towards $550 and $625. Support at 20-day EMA and 50-day SMA.

Chainlink has been holding onto the 20-day EMA, indicating bullish pressure. A break above the 20-day EMA could lead to a rise towards the 50-day SMA and potential trend change. Support at $12.73, resistance at $18.

Sei gained momentum after breaking out of the 50-day SMA and rising above $0.29. Bulls pushing price upwards with potential targets at $0.35 and $0.43. Support at 20-day EMA, resistance at $0.30. Buyers likely to defend the 50-SMA to maintain uptrend.

Read more at Cointelegraph: Bitcoin Chases New Highs As LINK, BCH, HYPE, SEI Breakout