Bitcoin recently crossed the $111,000 mark, reaching a fresh all-time high. However, despite this milestone, the overall market reaction has been quite muted. Unlike previous rallies that  excitement and a rush of new investors, this price climb feels more like a slow and steady rise.

Technically, Bitcoin is showing strong signs. The 50-day moving average has moved above the 200-day average, a pattern known as the “golden cross,” which often signals long-term growth. Also, the breakout above the $102,000 resistance level has held steady, and trading volume is gradually increasing.

Still, some indicators suggest caution. The price has moved far from shorter-term averages, and the Relative Strength Index (RSI) is at 77 — a level that often signals the asset might be overbought. This could mean a price correction is on the horizon.

Lack of New Money Dampens Momentum

In past cycles, breaking a new all-time high often attracted fresh investments from both large institutions and everyday traders. This time, however, it appears that existing investors are mostly rotating their positions rather than adding significant new capital.

Bitcoin’s recent rise was partly driven by the liquidation of short positions, with $239 million wiped out. But without fresh buyers entering, the momentum may not sustain for long.

Many analysts say this new high is more psychological than a market-changing event. It confirms Bitcoin’s long-term upward trend but hasn’t yet triggered the widespread buying frenzy seen in previous cycles.

Possible Short-Term Correction

Bitcoin might need a brief pause before moving higher. A slight pullback toward the $101,000–$102,000 level could offer a stronger support base for the next move up. Until more investors return, this new high remains more of a milestone checkmark than the start of a new rally.

Shiba Inu Shows Signs of Strength

After some weak weeks, Shiba Inu (SHIB) is showing signs of bouncing back. The token has rebounded from its 100-day moving average and recently climbed above a key short-term level at $0.0000150.

The 26-day moving average is starting to curve upward and closely follows the price action — a technical sign that buyers are regaining control.

If this trend continues, SHIB could attempt to break above the 200-day moving average, currently near $0.000016. Clearing this level would confirm a medium-term uptrend.

However, traders should stay cautious. If the volume doesn’t support a continued rise, SHIB might face resistance around $0.000017 and could fall back toward the 100-day moving average.

Dogecoin Targets $0.30 Resistance

Dogecoin (DOGE) is making another push to regain strength, moving back toward the critical $0.30 level.

Recently, DOGE broke above a descending trendline, signaling the end of its correction phase and a possible start to a recovery rally.

Currently, it is testing resistance near $0.25, a level that has been tough to surpass before. A strong breakout here could push DOGE toward $0.28–$0.30, which would be both a technical and psychological barrier.

Technical indicators also show promise. The 26-day moving average is converging with the 50- and 100-day averages, a sign that momentum may soon increase.

Caution Advised

Despite these positive signs, investors should be careful. If DOGE fails to hold above $0.25, it may drop back to support levels near $0.21.

While trading volume is rising, it has yet to reach the levels that usually indicate strong buying enthusiasm.

Summary
Bitcoin’s new all-time high is a milestone but hasn’t yet the buying surge seen in the past. Shiba Inu is showing early signs of recovery, and Dogecoin is attempting to push toward a key resistance level. Investors should watch these technical signals closely as the market awaits the next major move.