Last week, we highlighted the short-term breakout in crypto stocks.
As money has rotated back into U.S. markets and growth names, crypto-related equities have been clear beneficiaries — just look at the sharp, bullish run they’ve put in over the past few weeks.
But now, much like Technology ($XLK), which we discussed yesterday, Bitcoin ($BTC) is approaching a key resistance level after an impressive move higher.
This is a logical spot for recent gains to consolidate — a breather here wouldn’t be surprising before any potential breakout.
The strength of this rally has already revealed a lot about which assets are likely to lead once markets clear their tariff-driven highs. But in the short term, these resistance levels deserve respect.
