Bitcoin 
$75,013 has demonstrated promising signs of recovery, climbing above the 50-day simple moving average (SMA) in the early trade days of the week. This technical improvement is further supported by a positive crossover in the daily MACD histogram and a bullish cross between the 5 and 10-day averages, indicating rejuvenated momentum. Investors are optimistic about a potential rate cut announcement from the Fed on Wednesday and the easing trade tensions between the U.S. and China, which could bolster market expectations. XRP and Dogecoin 
$0.094545 are also on an upward trend.
Bitcoin Eyes $120,000 Milestone
Despite Bitcoin’s short-term recovery being affirmed by technical indicators, Coindesk’s Bitcoin Trend Indicator continues to display a downward outlook. Analysts note that Bitcoin remains below the Ichimoku cloud on the daily chart. A sustained close above the cloud could strengthen the bullish trend, positioning the price towards the $120,000 range.
On the macroeconomic front, the expectation of the Fed easing its monetary policy is boosting risk appetite, with a critical resistance threshold identified at the $115,000-$120,000 range for determining Bitcoin’s medium-term direction. Analysts suggest that surpassing this threshold could propel the market into a new cycle phase.
According to CryptoAppsy data, BTC was trading at $115,948 with a 3.83% increase over the past 24 hours at the time of writing.
Institutional Interest Fuels XRP and Dogecoin Growth
XRP rose from $2.60 to $2.68, surpassing the $2.63 hurdle and establishing a new support in the $2.61-$2.63 area. There was a 147% increase in daily volume amounting to 106.5 million XRP, indicating intensified institutional inflows. RSI and MACD indicators suggest that the buying momentum is sustained, with analysts asserting that closes above $2.75 could trigger a new rally.
Dogecoin, meanwhile, broke the $0.2026 resistance, ending a two-month stagnation. The support zone between $0.2060-$0.2070 remains strong as the trading volume exceeds the weekly average by about 10%. Institutional fund flows continue, and a gradual rise to the $0.2130 level remains technically feasible.
Experts highlight that the volume increase in both XRP and DOGE indicates an early-phase entry into a new buying cycle. However, failing to maintain support levels could lead to short-term pullbacks.
