The BTC buying zone designated during last week’s live event reacted perfectly to price action. This week we received positive news about the end of the “shutdown” in the United States. Will Bitcoin achieve new ATH this year as a result?
The hottest news from the cryptocurrency market
First, some interesting information from the market:
Fees on the Ethereum network are falling. Gas fees the lowest of the year!
Low transaction fees are a blessing for traders, but aren’t we seeing the beginning of more serious problems with Ethereum’s monetization model here?
On Sunday, gas fees on Ethereum’s base layer dropped to just 0.067 Gwei, levels we haven’t seen in months. Data from Etherscan show the scale of the phenomenon: a swap currently costs an average of USD 0.11, an NFT transaction costs around USD 0.19, a bridge to another blockchain network will cost a symbolic USD 0.04, and an onchain loan only USD 0.09.
The Bank of England is consulting on rules for the GBP stablecoin. First, possession limits
The Bank of England has just thrown down the gauntlet to the cryptocurrency market. On Monday, a consultation document was published on the regulatory regime for “systemic” stablecoins denominated in pounds sterling (GBP) and a potential digital pound. The UK wants to modernize payments, but on its own terms.
What does on-chain data tell us about the condition of the market?
Observing the liquidation zones on the Kingfisher website, we clearly see that Bitcoin has already cleared almost the entire lower cluster in the USD 100,000 – 102,500 zone.
Therefore, I now expect an attack on the USD 110,000-112,000 zone to clear local liquidity.
There I will also follow again how the capital is distributed on the BTC chart.
BTC, ETH and XRP technical analysis
Our Telegram community decided that this week, apart from Bitcoin and Ether, I will also discuss the XRP (Ripple) token. Sit back comfortably and enjoy the analysis! 🍿
Bitcoin
Bitcoin responded perfectly to last week’s $98,200 – $111,000 accumulation zone.
A 7.65% move to the 106,000 – 108,000 resistance zone (again, perfect price reaction) could represent a lucrative opportunity on both the spot and leveraged markets.
Currently, I expect a retest of this zone and an attack at USD 110,000 – 112,000, where a fight between bulls and bears will take place.
The invalidation of this scenario is a descent to the level of USD 97,200, which is the key Point of Control (POC) for the entire range of this year’s movement on BTC, i.e. the volume control point.
This level constitutes very strong support, but the very fact of a breakdown in the local structure may result in a deeper correction (even USD 88,888) or a longer sideways movement.
The end of the shutdown in the US was the final piece of the puzzle that cryptocurrencies needed for the next wave of growth. All eyes are on deck – what happens in November will be crucial for the rest of Q4 and Q1 2026.
Ethereum
This week, ETH does not offer us attractive price movements.
The only way to play this token at the moment is scalps or short moves between the zones 3,600 – 3,430 USD and 3,110 – 2,950 USD.
The loss of the latter and the failure to defend the level of USD 2,740 will constitute a final breakdown of the structure and a probable entry into the bear market.
At the moment, however, this scenario is not as likely as a continuation of the local rebound and another attempt to fight for the zone of USD 3,850 – 3,950.
Ripple
XRP has been moving for several months (all of 2025) in the channel marked by the lines in the chart below.
The way to play this type of “oyster mushrooms” is practically trivial. The strongest zone visible in the graphic is the place of accumulation at the levels of USD 2.05 – 2.30.
Any move down to this zone may be an opportunity to take a long position with a stop loss below this zone. Its loss (confirmation would be the closing of a bearish candle on the 3D interval) invalidates this scenario.
Depending on the market sentiment, profits can be expected in the zones of USD 2.6 – 2.75 or higher, USD 3 – 3.20.
A new ATH on Ripple is only a matter of time, but the current market is not conducive to growth even on tokens with a fundamental technological background.
The article does not constitute investment advice. For more interesting analyzes be sure to follow our social media!
