Bitcoin and altcoins gain strength as the market recovers

Bitcoin and altcoins gain strength as the market recovers after the global market conditions ease following an easing of the trade policies

The cryptocurrency market has seen a recent recovery with Bitcoin and altcoins gaining strength. This recovery can be attributed to the easing of global market conditions following a reduction in trade policies.

Some estimates suggest that a few altcoins could hit three-digits in the next few weeks, which may also spark a strong altseason.

The markets began the weekly trade on a huge bullish note, with the price of top tokens trying to secure above the gained levels. However, the Ethereum price failed to sustain above $1800, while the other tokens within the top 10 are working hard to keep up above the resistance.

Amidst the bullish and bearish forces acting at a frequent level, here are some of the altcoins that are closely consolidating within a range and are believed to reach a 3-digit figure before the end of H1, 2025.

Bitcoin SV (BSV)

BitcoinSV broke above the bearish pattern, and despite the correction, the token has been able to sustain above the range. This suggests that the bulls are vigilant about the price movements, and hence the token is believed to trigger a strong rise after a small consolidation. However, the volume remains drained, which could hamper the pace of the rally.

The weekly chart of BSV suggests that the volatility of the token has dropped as the Bollinger bands have begun to squeeze. Additionally, the weekly MACD suggests a decline in the selling pressure, while the levels are heading towards a bullish crossover. Each time the Bollinger bands squeezed, the token triggered a strong breakout. Therefore, the Bitcoin SV price is expected to reclaim $50 shortly, which may further push the price to $100.

Avalanche (AVAX)

The Avalanche price has reached the neckline of a bullish pattern, which suggests that the bulls are preparing for a huge bullish action. The technicals have turned bullish, which validates that a strong upswing could be on the horizon. Amid the bullish speculation, the question remains whether the AVAX price will rise back to $100.

As seen in the above chart, the AVAX price has reached its lowest bottom, not seen since November 2023. The price is currently facing notable upward pressure as it has reached the neckline of the double-bottom pattern. The conversion and base lines of Ichimoku have undergone a bullish crossover, but the cloud has just turned bullish. On the other hand, the OBV has been rising since the start of March, hinting towards a rise in buying pressure, signaling a potential uptrend.

Compound (COMP)

The latest rise in the momentum of the markets has elevated the Compound price above the bearish range. Although the correction followed, the bulls are expected to keep up the momentum of the rally. The volume has been ranging at frequent intervals, which suggests that the volatility of the token could increase in the coming days, offering a positive impact on its price.

As seen in the above chart, the Compound price has broken above the descending trend line, and despite a correction, the bulls have maintained a healthy upswing. A sudden rise in the money inflow, as seen in CMF, suggests a massive rise in the interest of market participants. Therefore, the COMP price is expected to maintain a healthy ascending trend and rise above $48 in a short while. In the coming days, the volume is expected to rise, paving the way for the token to reclaim the lost levels above $100.