Bitcoin is poised for a range expansion, with ETH, BNB, AVAX, and PENGU showing potential for an upside move. BTC has seen renewed investor interest, as billionaire Ray Dalio suggests a 15% allocation to BTC or gold for optimal returns. ETH and select altcoins are gaining institutional interest, with firms acquiring significant amounts of ETH.

BTC consolidation near highs shifts focus to ETH and altcoins. Firms adding altcoins to treasuries hint at growing institutional interest. Charts show potential strength in the top 5 cryptocurrencies. BTC struggles to break $120,000, while ETH faces resistance at $3,941. BNB pulled back from $861, with AVAX and PENGU also facing key levels of resistance.

BTC’s failure to break above $120,000 suggests limited demand at higher levels. ETH aims to maintain support above $3,745 for a potential breakout. BNB may dip to $794 support, while AVAX is stuck in a range but could rally to $39.49. PENGU faces resistance at $0.046, with support at $0.035.

Investors should monitor key levels for potential breakouts or breakdowns in BTC, ETH, BNB, AVAX, and PENGU. Market sentiment remains positive, but resistance levels must be overcome for further upside. Institutional interest in altcoins continues to grow, with potential for increased adoption and investment.

Read more at Cointelegraph: PENGU, ETH, AVAX, BNB May Lead Altcoin Rally If BTC Hits ATH