Bitcoin Eyes $100K as Volatility Contracts; Ether, XRP, and SOL Show Momentum
Bitcoin’s 30-day implied volatility (BVIV) has sharply dropped to 48, breaking below the bullish trendline set since September lows. The contraction signals easing panic and points to potential further volatility compression. Meanwhile, the US Dollar Index (DXY) continues its downtrend, providing additional tailwinds for BTC upside. The spot-volatility correlation has stayed largely negative since last November, reinforcing BTC’s inverse relationship with volatility.
BTC Technical Outlook
BTC reclaimed Friday’s high of $93,104 as support and remains above the Ichimoku cloud on the hourly chart. The next upward push could be triggered by a bullish MACD histogram crossover, targeting the $98,000–$100,000 range, defined by a descending trendline and key psychological barrier. A breakdown below the Ichimoku cloud would weaken the bullish case.
XRP
XRP is consolidating near $2.20, following a decisive move above the Ichimoku cloud earlier this week. Despite a bearish hourly MACD crossover, the lack of price erosion signals underlying strength and supports continued upside potential.
Ether (ETH)
ETH extends its advance after a confirmed bear trap, with two consecutive green daily candles signaling strong buyer control. A positive daily MACD suggests further gains toward the October 10 low near $3,510, though short-term retracements to $3,100 could occur as the hourly MACD nears a bearish crossover.
Solana (SOL)
SOL is testing the upper boundary of its sideways channel at $144.74. A breakout above this level could propel prices toward $165, but a bearish hourly MACD crossover points to a possible short-term pullback or extended consolidation before a decisive move.
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