Bitcoin Tops $79.5K, Targets $84K; Ether, Dogecoin Rise

Bitcoin climbed above $79,500 Monday and briefly traded above $80,500 as traders focused on resistance near $84,000. A 30-day liquidation map shows a move past $84,000 would trigger about $2.85 billion in short liquidations across exchanges.

Crypto strategist Matthew Hyland warned on X that traders predicting a slide to $60,000 may reverse course and ‘‘will be the ones flipping bullish late above $90K.’’ Charles Edwards, founder of Capriole Investments, wrote on X that institutional buyers have been acquiring more than 500% of Bitcoin’s daily mined supply and noted that comparable buying periods were followed by price gains greater than 24% over the next month.

Ether rose above its 20-day exponential moving average, near $2,300, and pushed toward the $2,465 resistance. A daily close above $2,465 would open a path to roughly $3,050; a rejection and a drop below the 20-day EMA would likely keep Ether range-bound.

Dogecoin moved past $0.11 and reached toward $0.12, with further upside targets at about $0.14 and $0.16 if buying continues. Hyperliquid traded above its 20-day EMA near $41 but met selling pressure in the $43.76–$45.77 zone; a sustained break above that band would point to gains toward $50, while losses below the 50-day simple moving average would favor sellers.

Other large-cap tokens showed limited directional conviction. XRP moved above its moving averages and requires a daily close above $1.61 to target $2.00 and $2.40; failure at $1.61 would likely keep it inside a $1.27–$1.61 range. BNB traded between $570 and $687, with a decisive close outside that band needed to signal a trend change. Solana rose toward its moving averages, with $90.73 as a resistance level and $82.65 as the downside pivot. Cardano climbed above a prior downtrend line but remained capped by the 50-day SMA near $0.25; support sits near $0.22.

Equity and currency markets offered wider context. The S&P 500 reached a fresh high at 7,272, and its 20-day exponential moving average remained upward sloping while the relative strength index approached overbought readings; the 7,000 area was cited as key support. The U.S. Dollar Index traded between its 50-day simple moving average near 98.97 and support around 97.74, with the 20-day EMA indicating a weaker short-term trend.

Market participants are monitoring whether Bitcoin can clear $84,000 and whether institutional demand continues, while traders track individual token setups for signs that broader crypto momentum may expand beyond the current leaders.