By Chris Hollingworth 
The recent failure of bearish forces to push Bitcoin (BTC) below $93,000 resulted in a surge of buyers, propelling the price close to $99,500 on February 21st. Market participants are closely watching whether the bulls can further strengthen their position by surpassing the psychologically significant $100,000 level, potentially paving the way for Bitcoin to approach its all-time high.
In trading scenarios where the price consolidates within a defined range, traders typically look to buy near support levels and sell near resistance levels. As such, it may prove challenging for buyers to propel the price above the all-time high of $109,588 without significant buying or selling pressure that can push the price out of the established range, often necessitating a triggering event to catalyze such movements. Until such a catalyst emerges, Bitcoin’s price could continue exhibiting volatile price action within the range.
Despite Bitcoin being range-bound for several weeks, there has been a consistent influx of funds into spot Bitcoin exchange-traded funds. Notably, a post by Julio Moreno, head of research at CryptoQuant, highlighted ETF inflows of $4.3 billion in Q1 2025, slightly lower than the $4.8 billion recorded in Q1 2024. However, Moreno pointed out that in Bitcoin terms, the demand has decreased from 100,000 Bitcoin in 2024 to approximately 41,000 Bitcoin in 2025.
The question arises: could Bitcoin’s potential breakthrough of the $100,000 resistance level trigger a rally in alternative cryptocurrencies (altcoins)? To explore this possibility, we turn to an analysis of the charts of the top 10 cryptocurrencies.
### Bitcoin Price Analysis
On February 20th, Bitcoin surged above the 20-day exponential moving average ($97,700), signaling a bullish momentum. While the $100,000 level might pose a significant barrier, it is anticipated that the BTC/USDT pair could target levels around $102,500 and subsequently $106,500. However, notable resistance is foreseen within the $106,500 to $109,588 range. Bears are under pressure to prevent further upward movement by swiftly driving the price below $93,388, potentially leading to a retest of the critical support at $90,000.
### Ether Price Analysis
Ether (ETH) witnessed buyers pushing the price towards the $2,850 breakdown level on February 21st, although significant selling pressure was evident at higher levels. If Ether remains below the 20-day EMA ($2,777), bears may attempt to drive the ETH/USDT pair below $2,500, potentially leading to a decline towards $2,400 and $2,300. Conversely, a break above $2,850 could propel Ether towards the downtrend line, with potential resistance anticipated in that area.
### XRP Price Analysis
XRP (XRP) experienced bullish momentum pushing it above the 50-day SMA ($2.72) on February 19th, followed by a retracement on February 20th. With the 20-day EMA relatively flat and the RSI near the midpoint, the XRP/USDT pair seems poised to remain within a symmetrical triangle pattern for the time being. A breakout above the 50-day SMA could lead XRP towards the downtrend line, while a close below the 20-day EMA might trigger a move towards the support line, potentially setting the stage for a trending move.
### BNB Price Analysis
Buyers are currently striving to push BNB (BNB) above the 50-day SMA ($668), indicating robust demand at lower price levels. Should the bulls successfully maintain the price above $686, the BNB/USDT pair could target $745, presenting a significant hurdle. Conversely, a sharp downturn from the 50-day SMA could signal selling pressure, with bears aiming to drive the price below $650.
As the market dynamics evolve, traders and investors are closely monitoring key levels and patterns across various cryptocurrencies to gauge potential price movements and identify potential trading opportunities.
