Bitcoin (BTC) is treading water around $95,000 after sentiment took a modest hit from news about delays in the crypto market structure bill. Nothing dramatic, but enough to keep bulls from running wild.
The institutional side of the story looks healthier. Bitcoin ETFs recorded $100.1 million in net inflows on Thursday, while Ethereum ETFs saw even stronger demand with $164.4 million flowing in. That's the kind of backdrop that keeps price floors from collapsing.
What the Charts Are Saying
Here's where things get technical. Trader and analyst Skew noted that Bitcoin continues to show an underlying bid, though it's weaker than during the prior U.S. morning session. The problem? There's significant supply overhang near $98,000, and when you combine that with choppy conditions, it's tough for price to break through cleanly.
On the downside, Skew flagged the $94,000–$95,000 zone as critical support, marking prior lower-timeframe consolidation lows and an active bid area. That's where the line gets drawn in the sand.
Michael van de Poppe offered a more optimistic view, pointing out that Bitcoin is holding above a former resistance zone that has now flipped into support. As long as price stays above the 21-day moving average, he sees the trend as bullish and thinks a move toward $100,000 is likely just a matter of time.
Altcoins Navigate Mixed Waters
Ethereum (ETH) traded at $3,293.89. Trader CyrilXBT said Ethereum continues to support a long-term bottoming thesis, suggesting the worst might be behind it structurally.
Solana (SOL), priced at $142.84, remains largely unchanged from a month ago according to trader PostyXBT. No decisive shift in structure yet. He emphasized that key levels still need to be reclaimed to confirm a bullish setup, with the first major test around $148.
XRP (XRP), trading at $2.05, presents a more nuanced picture. Trader Popeye noted that XRP's four-hour chart still appears distributive on the higher timeframe, but locally it has broken structure to the upside. This makes the next pullback important, as it could form a higher low and set up a cleaner bullish continuation.
Meme Coins Take a Hit
The meme coin sector felt some pain, with total market capitalization falling 3.9% to $49.18 billion.
Dogecoin (DOGE), priced at $0.1381, broke out of a falling wedge but fully retraced the move, according to Galaxy Trading. That creates a potential long setup for those willing to step in. The $0.139–$0.14 area was highlighted as a possible entry zone, with upside targets near $0.15 and a stop-loss at $0.136.
Shiba Inu (SHIB) traded at $0.00008446, caught in the broader meme coin selloff.
The crypto market seems to be catching its breath after recent gains, with traders watching technical levels closely to see whether bulls can push through resistance or if consolidation continues. For now, Bitcoin's ability to hold above key support suggests the underlying structure remains intact, even if the path forward looks choppy.











