Crypto Gives Back Weekly Gains as Friday Pullback Hits Bitcoin and Ether
Bitcoin and Ether lost some of this week’s gains on Friday, though technical signals suggest bullish momentum remains.
After approaching $118,000 on Thursday, following the Federal Reserve’s first rate cut of the year, BTC slipped to $115,600, down 1.5% over 24 hours and essentially flat for the week. ETH retreated from $4,750 to $4,460, declining 2.9% in the past day and 1.5% week-over-week.
Earlier in the week, SOL and DOGE led the market, but both have returned to flat levels, with SOL down 4.5% and DOGE down 6.3% over the past 24 hours.
Bitcoin’s price action forms an ascending triangle, with higher lows providing support near $115,700, while horizontal resistance remains at $118,000. Traders continue to monitor the $118,000 ceiling for a potential breakout.
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