Bitcoin (CRYPTO: BTC ) rose nearly 6% in 24-hour trading on Friday with the S&P 500 hitting a new all-time high and seen closing above the 5,000 level.
Leading cryptocurrency Ethereum (CRYPTO: ETH) is up about 14% and 11%, respectively, since February 5, with both cryptocurrencies breaking key technical resistance levels ahead of the weekend.
Dogecoin (CRYPTO:DOGE) showed relative weakness, settling just above the 8-cent mark, an area that has kept the cryptocurrency low since January 23rd.
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The rise in bitcoin prices in recent days has seen the Grayscale Bitcoin Trust ETF ( NYSE:GBTC ) , the first bitcoin ETF approved last month, rise nearly 14% over the past four trading days.
On Friday, GBTC was near its Jan. 11 all-time high of $43.50, and if Bitcoin continues to rally over the weekend, the Bitcoin Spot ETF could open and begin trading on Monday, resulting in gains. . Patterns for uniforms.
GBTC is highly liquid and offers traders and investors a high level of flexibility in conducting their trades, with an average 30-day trading volume of around 16,000 shares.
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Bitcoin and Ethereum Charts: On February 7 and 6 respectively, Bitcoin and Ethereum broke out of the bullish flag and have since confirmed that their uptrend remains intact. Bitcoin's low was formed on Sunday at $42,228, while Ethereum's low was formed on Monday at $2,266.
Since these dates, neither Bitcoin nor Ethereum have printed their next highs in the pattern, but if the cryptocurrencies close Friday's session with a big top week, Bitcoin and Ethereum will print star-shaped candles, which may indicate local highs and expected declines. . in sight
Bullish traders want Bitcoin and Ethereum to freeze their current gains, which would help the cryptocurrency enter overbought territory on the daily chart. Bearish traders may want to wait until the cryptocurrency rally fades, which could force Bitcoin and Ethereum to test their eight-day EMAs.
Bitcoin has resistance at $48,475 and $52,100 and support below $45,814 and $43,200.
Ethereum has resistance above $2,609 and $2,717 and support below $2,461 and $2,317.
Dogecoin Chart: Dogecoin has been trading sideways since January 23, breaking horizontally between 0.077 and 0.083 on below average trading volume. The sideways pattern with low trading volume indicates a current lack of interest in the cryptocurrency from both bulls and bears.
Over time, the cryptocurrency will likely reach a significant amount, which will likely force Dogecoin to move up or down from that area, forcing the cryptocurrency to choose a direction. The 50-day SMA will likely act as resistance on a move higher, while the 200-day SMA will act as at least temporary support if Dogecoin falls.
Dogecoin has upper resistance at $0.083, 9 cents and lower support at $0.077, $0.075. 
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