Crypto Gives Back Weekly Gains Amid Friday Pullback, But Technicals Remain Bullish

Bitcoin continues to show resilience despite a Friday pullback, maintaining a pattern of higher lows—a positive signal for traders.

After nearly breaching $118,000 on Thursday, following the Federal Reserve’s first interest rate cut of the year, BTC has retreated to around $115,600, down 1.5% in the past 24 hours and essentially flat for the week. Ether (ETH) fell from $4,750 to $4,460, declining 2.9% over 24 hours and 1.5% week-over-week.

Earlier in the week, SOL and DOGE led gains amid ETF excitement and increasing institutional adoption. However, both are now flat for the week, with SOL down 4.5% and DOGE falling 6.3% over the past 24 hours.

Technical Outlook: Higher Lows Signal Bullish Momentum

Despite the pullback, Bitcoin’s recent price action forms a clear ascending triangle, characterized by higher lows and horizontal resistance near $118,000. Each dip since early September has found support along a rising trendline, reflecting steady accumulation and bullish sentiment among traders.

Currently consolidating around $115,700 near the trendline, Bitcoin retains the advantage for bulls, with the $118,000 level serving as a key barrier to watch. The pattern suggests that, despite short-term volatility, the market’s technical structure remains supportive for further upside.