Cryptocurrencies Drop on Friday, but Bulls Still Hold the Upper Hand

Friday’s crypto trading echoed the old Wall Street saying: “up the stairs, down the elevator.” Several days of hard-earned gains were wiped out in just hours — leaving markets back where they started.

Bitcoin Under Pressure Again After the Federal Reserve cut interest rates, Bitcoin briefly surged toward $118,000 on Thursday, closing at $116,015. By Friday, it slipped another 1.5% to $115,600, leaving it flat for the week. Ethereum (ETH) faced an even steeper decline — sliding from $4,750 to $4,460, a 2.9% daily drop and a 1.5% weekly loss.

Solana and Dogecoin Lose Momentum Solana (SOL) and Dogecoin (DOGE) had been among the week’s top performers, boosted by optimism around ETFs and institutional adoption. But Friday brought a sharp reversal: SOL dropped 4.5% to $238.67 and DOGE fell 6.3% to $0.2678. Both coins erased their weekly gains and ended the week flat.

Technical Signals Keep Bulls in Play Despite Friday’s weakness, technical indicators still paint a bullish picture. Bitcoin has been trading within an ascending triangle — a classic bullish pattern that often leads to breakouts. Each dip since early September has found support along a rising trendline, signaling steady accumulation and growing trader confidence. Consolidation near $115,700 is reinforcing this base for another potential breakout attempt. If Bitcoin breaks above the $118,000 ceiling, it could pave the way for the next leg higher — putting bulls firmly back in control.

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