Bitcoin is targeting its highest weekly close above $109,000, driven by a 6% rise this week, as buying interest near $100,000 strengthens the bullish stance. Analysts suggest that should Bitcoin maintain levels above $105,000, it may trigger extended rallies in altcoins like HYPE, BCH, LINK, and SEI. Bitcoin is oscillating within established moving averages, with potential breakout levels set between $110,530 and $150,492 if upward momentum continues. Key altcoins have also shown resilience; Hyperliquid has reclaimed the 20-day EMA, while Bitcoin Cash is battling resistance at $500, and Chainlink is holding the 20-day EMA level. Sei is displaying potential for growth above $0.29 after recent price recoveries. Overall, while bullish trends prevail, cautious monitoring of price movements is needed due to potential selling pressure in the coming sessions.

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