The trading of Bitcoin and other altcoins is showing activity in the market. Bitcoin is approaching a key resistance level, and many altcoins are also showing signs of growth.
Bitcoin
Bitcoin ([BTC](https://crypto.news/bitcoin)) is trading at a level just 5% below its all-time high. The $108,000 level is a key resistance for BTC, and a daily candlestick close above this level could lead to a retest of $111,980. Key support levels on the BTC/USDT daily price chart are at $106,290, $104,600, and $103,000. Derivatives data shows that more long positions were liquidated than shorts in the last 24 hours, with a long/short ratio of less than 1, indicating expectations of further correction in Bitcoin.
Ethereum
Ethereum ([ETH](https://crypto.news/price/ethereum/)) hovers around the $2,400 level, which is 12% below the key resistance at $2,743. The $3,000 level is another significant resistance. Important support levels are marked at $2,111 and $1,850. Institutional capital flows have not yet significantly pushed Ether's price higher.
XRP
XRP ([XRP](https://crypto.news/price/xrp/)) also shows potential for growth as Bitcoin hovers above $107,000. Key support and resistance levels are at $1.9083, $1.7700, and $2.2524, $2.6549, with the $3 psychological level playing an important role in the dynamics of this top altcoin.
The situation in the cryptocurrency market remains tense, with the potential breakout of key resistance levels for Bitcoin and other altcoins. Domestic and institutional factors continue to influence market trends.
