Bitcoin (BTC) has retained a strong bullish outlook since last week, trading around $79,000 on Wednesday. As the Crypto King consolidates, bulls appear to be mulling another breakout attempt to reclaim $80,000 and push beyond the supply zone at $82,500. As for major altcoins, Ethereum (ETH) holds above $2,400 while building momentum for a potential breakout past $2,600.

At the same time, Ripple (XRP) is defending $1.40 support but faces capped upside, with supply building between $1.50 and $1.70. A sustained move above $2.00 is needed to reinforce the short to medium-term positive outlook. Such a move could prevent losses toward the demand area at $1.00.

Market activity backs bullish outlook

Bitcoin spot Exchange-Traded Funds (ETFs) have…