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.
About The Author
More Stories
Several bitcoin indicators continue to trend negatively, casting doubt on the bullish $70,000 support narrative
Another 500 bitcoin moved by Bhutan to exchanges, bringing total 2026 outflows above $150 million.
Circle’s recent decline may be overstated, with analysts pointing to a crypto bill that undercuts Coinbase’s edge.