Bitcoin, Ethereum, XRP, Dogecoin Rally And 'Could Be In For A Very Fun Weekend' If One Key Level Flips
Cryptocurrency markets are trading higher on Friday, amid Florida passing a Bitcoin reserve bill. CryptocurrencyPrice Gains +/-Bitcoin BTC/USD$83,687.73+5.5%Ethereum ETH/USD$1,565.31+3.3%Solana SOL/USD$120.10+8.4%XRP XRP/USD$2.03+4.3%Dogecoin DOGE/USD$0.1599+4.6%Shiba Inu SHIB/USD$0.00001220+5.7%Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 12.3% and daily active addresses grow ingby 5.6%. Transactions greater than $100,000 are down from 11,411 to 10,6343 in a single day. Exchanges netflows are down by 467.5%. Coinglass data reports 98,702 traders were liquidated in the past 24 hours for $242.45 million. Notable Developments: Ripple, SEC Move To End Legal Dispute As Both Sides Withdraw Appeals Solana Jumps As Janover Adds $5M To Treasury Strategy, Doubling Down On Crypto Pivot Why Is Bitcoin Up Today? BTC Climbs Past $83K As Florida Passes Historic Bitcoin Reserve Bill Block Fined $40 Million By New York Regulator Over Cash App Compliance Failures Top Gainers: CryptocurrencyPrice Gains +/-Onyxcoin XCN/USD$0.02533+53.4%Fartcoin FARTCOIN/USD$0.9031+29.7%AB AB/USD$0.01340+24.2%Trader Notes: Crypto traders are watching Bitcoin's price action closely as it attempts to break free from a persistent downtrend—and many believe this time could be different. Jelle highlighted that Bitcoin is trying to break out of a downtrend it’s failed to escape seven times before. The big question: will bulls finally push through the $84,000 resistance? Ali Martinez raised caution, asking whether Bitcoin’s recent bounce was the completion of a W pattern, and if so, is an M pattern, a bearish reversal on deck? Mayne noted that Bitcoin is testing a key 12-hour order block (H12 OB). A flip of this resistance into support could generate serious upside momentum, making for what he calls "a very fun weekend." Rekt Capital emphasized that a true breakout isn't confirmed yet—Bitcoin needs a daily close above the downtrend and a successful retest to validate the move. Meanwhile, Titan of Crypto spotted a potential Inverse Head & Shoulders pattern playing out. If confirmed, the long-term measured move projects a target near $125,000 by 2025. Read Next: Bitcoin, Stablecoins Will Gain From Trade War, Experts Say: ‘The Map Is Being Redrawn’ Image: Shutterstock Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.