Daily Crypto Signals: Bitcoin Surpasses $105,000, Ethereum Eyes $10K, Altcoin Season Begins?

Bitcoin BTC/USD approaches its all-time high of $109,588 amid positive US-China trade talks, while Ethereum ETH/USD surges over 44% in just three days, rekindling speculation of a potential $10,000 ETH price target. Analysts see early signals of an emerging altcoin season. Crypto Market Developments With Bitcoin ( BTC ) inching toward its all-time high and Ethereum (ETH) having one of its best performances in months, the market for cryptocurrencies rose over the weekend. Though market players remain wary as no official information has been provided, the rally has been driven by increased investor optimism following President Donald Trump’s declaration on encouraging prospects in US-China trade talks. Consistent institutional interest supports Bitcoin’s robust performance; BlackRock’s spot Bitcoin ETF (IBIT) shows an amazing 19 straight days of inflows. The fund attracted continuous institutional demand shown by $1.03 billion in the most recent trading week alone. Meanwhile, more general hope in world markets has helped crypto’s upward momentum to be sustained. Hank Huang, CEO of Kronos Research, said, “crypto rallied on a wave of global optimism.” “Ceasefire negotiations between India and Pakistan reduced regional tensions; news on U.S.-China trade tariffs indicated renewed cooperation between big economies.” Bitcoin Crosses $105,000 Reaching almost $105,000 during weekend trade, Bitcoin (BTC) has kept its place above the psychologically significant $100,000 mark. This shows a gain of roughly 10% for the week and puts BTC in close proximity—about 5%—of its all-time high of $109,588. If Bitcoin can effectively close the week above the important $104,500 milestone, popular analyst Rekt Capital claims it is about to enter “Price Discovery Uptrend 2”. “Could Bitcoin accomplish this? Could Bitcoin Weekly Close above the Range High of its recently regained Re-Accumulation Range to start the breakout process?” he asked on social media. With Strategy (previously MicroStrategy) currently accumulating BTC at a rate higher than overall miner output, Bitcoin’s supply dynamics have also grown progressively beneficial. This results in a deflationary effect, according to CryptoQuant CEO Ki Young Ju; Strategy’s assets alone show a “-2.23% annual deflation rate.” Strategically acquiring an average of 2,087 BTC daily—over four times the daily miner production of roughly 450 BTC—the corporation is essentially producing a “synthetic halving” impact that further limits accessible supply. The technical view is still good; BTC keeps support above important moving averages. The relative strength indicator (RSI) has, however, entered overbought territory, implying a possible short-term correction or consolidation phase before Bitcoin seeks to surpass past all-time highs. Rising from $1,807 on May 8 to over $2,600 on May 10, Ethereum (ETH) has had a spectacular comeback—a gain of more than 44% in just three days. For the second-largest cryptocurrency by market value, this amazing surge has energized positive attitude. Ethereum Makes 40%+ Weekly Gains ETH breaks above its realized price for acquiring addresses ($1,900), hence many investors find themselves back in profit zone. Particularly on Binance , increased trading activity demonstrates great trader confidence and continuous positive momentum. Veteran trader Peter Brandt has found a possibly positive setup for Ethereum, meaning that a breakout above the present “congestion” pattern would drive ETH prices toward a range between $3,800 and $4,800. This represents a major change in Brandt’s perspective and corresponds with fresh cryptocurrency optimism. From $21.3 billion to $30.4 billion between May 8 and May 11, Ethereum futures have experienced a matching 42% increase in open interest, therefore approaching an all-time high of $32 billion. This surge captures more trader involvement and more market activity. If ETH follows past trend fractal configurations, even more ambitious projections point to eventual $10,000. Analyst MilkyBull Crypto claims that Ethereum’s recent recovery from a parabolic curve support near $2,100—a historically noteworthy zone that has past caused substantial rallies—could provide conditions for such a movement. This technical configuration gives the five-figure price goal weight when combined with RSI rebound from a multi-year support zone close to 40. Is It Altcoin Season Yet? With many analysts predicting a “altcoin season,” the larger altcoin market is beginning to show signals of awakening. Just below the 29 mark, the Altcoin Season Index has broken out from a downtrend suggesting a possible change away from Bitcoin rule. Suggesting daily profits of up to 40% may soon become “the new normal,” market analyst Mister Crypto forecasts the next three to six months could be “life-changing” for altcoin investors. Technical trader Moustache expresses this hope since the present market structure reflects that of 2016 and 2020, both times before explosive rise of altcoins. Not all experts, meanwhile, are persuaded. Trader 2Lambroz warns that even if an altseason has arrived, the dynamics differ from past cycles. Pointing up the dearth of retail investor involvement that defined the 2021 bull run, he said, “People want to bid but lack belief in any strong narrative.” Critics such as Rekt Fencer are even more dubious since most altcoins remain down 90% from their peak values even with recent increases. Top Altcoins to Watch Today Several altcoins have shown particular strength in recent days, breaking out of significant basing patterns and potentially signaling further upside ahead: