Crypto Market Bullish Trends Meet Profit-Taking Signals
Bullish trends in cryptocurrencies are present but profit-taking signals are also appearing. Bitcoin's trend remains strong and bullish, with four lines pointing upward on its daily chart. The next upside target is $91,374 according to a Fibonacci map from 2026.
A separate retracement from the October 2025 top to the July bottom shows that BTC has not yet reclaimed the 0.5 level at $85,407. If it does, the 0.618 level would be at $93,650. However, a sudden pullback to the Fast line remains possible.
ETH also remains strong and bullish after a Thursday dip. It tested the short-term 1.272 extension on Monday but was rejected; a close above would be significant. Its weekly RSI is currently 78.83, and the macro picture is regarded as very strong bullish while allowing for a pullback.
The dollar approaches resistance while broader markets stay mixed. The US Dollar Index pushed higher on Thursday and nearly wicked into TBO Resistance at 101.430. RSI has remained overbought for seven confirmed bars.