The cryptocurrency market is showing activity, especially concerning Bitcoin and a number of altcoins, creating conditions for potential new records.
Bitcoin on the Brink of a Record
Bitcoin ([BTC](https://cointelegraph.com/bitcoin-price)) ended the week confidently exceeding the psychologically significant $100,000 mark. Market attention is now focused on the potential test of the record at $109,588, indicating a strengthening of bulls. Buyers are trying to hold on to the 10% weekly gains.
Altcoins Display Strength
Bitcoin's rise is not confined to just one currency. Many altcoins have also shown significant activity, leading to speculation about the possibility of an altseason. Despite the overall positive trend, some analysts note that the altcoins have made only modest price changes compared to their previous historical highs.
Predictions for Major Cryptocurrencies
Bitcoin continues to climb towards $109,588, and in the event of a successful breakout, new horizons up to $130,000 may open. However, due to the relative strength index (RSI) being in overbought territory, a pullback or consolidation may be possible. Similarly, Ethereum ([ETH](https://cointelegraph.com/ethereum-price)) shows signs of upward movement but may also face correction. Key support levels at $2,320 and $2,111 will be crucial for further price movement.
The current positive trends for Bitcoin and altcoins create interesting conditions for future movements in the crypto market. It is important to watch key support and resistance levels that will determine the future of these assets.
