Bitcoin Eyes $109K: Weekend Close Could Ignite Historic Altcoin Rally

The market leader has demonstrated remarkable resilience this week. It climbed more than 6% while showing substantial buying interest near the $100,000 psychological threshold.

Bulls are fighting hard. They want control above $108,000.

But what's actually fueling this movement? And which altcoins are positioned to explode if Bitcoin breaks out?

Not Just Another Pump: Why This Bitcoin Move Matters

Weekend price action can be deceiving.

Bitcoin currently sits at a critical junction between its moving averages and a descending trendline that has rejected multiple previous breakout attempts. This time feels different.

"A record-setting weekly close would enable Bitcoin to enjoy a new uptrend into new All Time Highs," explains market analyst Rekt Capital.

Are you ready for a bullish Bitcoin breakout?

What makes this potential breakout truly significant is the formation of an inverse head-and-shoulders pattern on the chart. This isn't just technical jargon—it's one of the most reliable bullish signals in market analysis.

You can see it clearly:

• Left Shoulder: June 15 low at $102,500

• Head: June 23 bottom at $100,800

• Right Shoulder: July 5 bounce from $103,000

Close above $109,000 this week? That confirms everything.

Such a confirmation would project a move toward $118,000 near-term and potentially as high as $150,492 if momentum really catches fire.

But weekend breakouts require caution. Reduced liquidity means prices can swing wildly in either direction with less trading volume. Monday will likely bring selling pressure as traders try to maintain the current range between $100,000 and $111,980.

Have you ever noticed how Bitcoin seems to move differently on weekends?

Congress Enters the Chat: How "Crypto Week" Could Change Everything

Technical patterns alone aren't driving this rally.

Next week's scheduled "Crypto Week" (July 14-18) in Congress could fundamentally reshape how digital assets operate in America. Three landmark bills stand ready for consideration:

The CLARITY Act would finally end years of regulatory confusion. It establishes a clear classification system for digital assets and creates a jurisdiction matrix between the SEC and CFTC. No more guessing which tokens are securities.

The GENIUS Act forces stablecoin issuers to maintain 1:1 reserve backing with monthly audits. This reduces systemic risk for the entire ecosystem—especially projects built around USDC and other dollar-pegged assets.

And then there's the controversial one.

The Anti-CBDC Act would ban any Federal Reserve-issued digital currency while enhancing financial privacy protections. This represents a potential windfall for decentralized payment alternatives like Bitcoin Cash.

Big money isn't waiting for the votes. Spot ETF inflows have already reached $1.2 billion over the past week. BlackRock's products are eating the largest slice of that pie.

Futures markets tell the same story. Open interest has surged 18% to $38 billion, approaching levels last seen during May's all-time high.

And options traders? They're even more bullish, with 60% of July contracts targeting strikes above $115,000.

Wall Street is positioning. Shouldn't you be?

Moving Average Cheat Sheet: Your Map to Bitcoin's Support Zones

Technical indicators shouldn't require a finance degree to understand.

Let's decode these key levels in plain English:

The 20-day EMA sits at $106,200. Think of this as Bitcoin's mood ring—when price stays above this line, the short-term sentiment remains positive. Dip below it? Momentum might be fading.

The 50-day SMA provides stronger support at $102,500. This isn't just any level—it's where institutional investors typically step in to accumulate positions. It's the "smart money" line.

The 200-day SMA is the heavyweight at $95,240. This foundational support also happens to be the minimum price needed for potential S&P 500 inclusion—a development that would change crypto forever.

When these three lines align upward, traders call it a "golden cross." It's like all traffic lights turning green simultaneously.

Current readings suggest buyers have a slight edge. The gradually ascending moving averages paired with a relative strength index in positive territory point toward continued upward pressure.

But crypto never moves predictably. Ever.

Four Altcoins on the Launch Pad: Technical Setups You Should Watch

Bitcoin's strength has jumpstarted buying across various alternative cryptocurrencies. Four particular projects demand your attention:

Four Altcoins on the launch pad

Hyperliquid (HYPE): The DEX Disruptor

HYPE briefly slipped below its 20-day EMA ($37.14) on Thursday but bounced back quickly. That's what traders call resilience.

The chart shows a textbook bull flag formation targeting $45.80, but what's actually driving investor interest?

Hyperliquid's HyperEVM mainnet launches July 10. This upgrade enables cross-margin perpetuals trading—a feature that could revolutionize decentralized exchanges. DEX volume has already surged 47% week-over-week to $8.1 billion, steadily eating centralized exchanges' lunch.

Watch $39.12 as immediate resistance. Break through that? The path toward $42.50 opens up.

Bitcoin Cash (BCH): The Regulatory Winner

BCH keeps battling at the psychologically important $500 level. Sellers push back, but bulls won't surrender ground easily.

Most traders overlook BCH's fundamental case:

• Its 32MB blocks process 2,000 transactions per second (Bitcoin manages just 7 TPS)

• Merchant adoption has skyrocketed 210% year-over-year through BitPay

• The "digital cash" narrative gains strength from the Anti-CBDC legislation

The chart shows an ascending triangle formation with $500 as the breakout level. Success here could trigger a rally toward $550 and potentially $625 as momentum builds.

Where's your safety net? The 20-day EMA ($464) followed by the 50-day SMA ($430).

Chainlink (LINK): The Data Backbone

LINK has clung to its 20-day EMA ($13.27) despite market volatility. That suggests persistent buying interest.

Look beyond the price action to understand why:

• Over 1,200 new integrations in Q2 2025 alone

• An expanding partnership with SWIFT for cross-border settlements

• 63% of all LINK now locked in staking (up from 41% in March)

A decisive move above the 20-day EMA could propel LINK toward its 50-day SMA ($14.43). Break that resistance? The path to $18 becomes much clearer.

Sei (SEI): The Speed Demon

Sei surged after breaking its 50-day SMA ($0.21) on Monday, briefly touching $0.29 on Tuesday.

What separates SEI from countless other Layer-1 blockchains?

• Twin-turbo consensus providing 380ms transaction finality

• Built-in order book architecture designed for institutional DEXs

• $120 million in developer grants recently deployed

The chart reveals a cup-and-handle pattern projecting a $0.43 target. The 20-day EMA ($0.23) has begun curving upward, while the RSI remains positive—both bullish signals.

Three Threats That Could Derail Everything

Smart investors always consider what could go wrong.

The Weekend Liquidity Mirage

Weekend trading volumes average $37.25 billion daily—42% lower than weekdays. This creates perfect conditions for exaggerated price moves.

Remember June 30? A transfer of 80,000 BTC ($8.6 billion) from 2011-era wallets triggered a 7% flash crash. It was just a custodial move, but markets panicked anyway.

The emptiest trading floors create the fastest crashes.

When Lawmakers Change Their Minds

"Crypto Week" bills seem positive on paper. But amendments could flip the script overnight:

• The CLARITY Act might suddenly include unexpected custodial requirements

• GENIUS Act implementation could face delays until 2026

• The Anti-CBDC Act faces fierce opposition from traditional banking lobbyists

One unfavorable revision could send markets tumbling.

The Technical Breaking Points

Every bullish scenario has its invalidation levels:

• Bitcoin: Daily close below $103,000 kills the inverse head-and-shoulders pattern

• HYPE: Breach of $34.42 (the 50-day SMA) signals weakness

• BCH: Fall under $430 (the 50-day SMA) would trigger further selling

• LINK: Drop below $12.73 (June's swing low) breaks support

• SEI: Decline under $0.19 violates historical support

Monitor these levels closely. They're your early warning system.

The $150,000 Bitcoin Roadmap: Are We Really Going There?

Bitcoin's path forward requires three sequential confirmations:

First, a weekly close above $109,000 to establish a new record baseline.

Then, breaking through $112,000 to trigger algorithmic buying programs. Major liquidity waits at $111,980.

Finally, maintaining a 90-day average above $95,240 to qualify for potential S&P 500 inclusion.

The big money already shows conviction. Corporate treasuries added 245,510 BTC in the first half of 2025—that's 2.5 times more than all ETF inflows combined. Addresses holding more than 1,000 BTC have increased by 11% since May.

If Bitcoin reaches its $150,492 technical target, altcoins could experience explosive catch-up phases:

• HYPE might hit $59.20 (Fibonacci 1.618 extension)

• BCH could test $625 (its post-halving historical multiple)

• LINK may challenge its 2021 all-time high around $22.00

• SEI could double to $0.68

Technical breakouts, institutional buying, and potential regulatory clarity converge this month. July 2025 could redefine crypto market history.