Bitcoin Bulls Must Hold $110K Or Altseason Is Over
BNB hits new highs, ETH still aims for $5,000, and Bitcoin risks a drop below $110,000.
BNB hits new highs, ETH still aims for $5,000, and Bitcoin risks a drop below $110,000.
Bitcoin, Ether and several altcoins have bounced from their daily sell-off lows, an outcome that proves that traders see crypto trading at a discount.
Technical charts suggest Bitcoin and Ether selling could intensify near their respective support levels, unless dip-buyers show up.
The crypto market sell-off continues, but data shows traders are buying the dips.
Bulls take full force of the crypto market as ETH and BTC move closer to new all-time highs.
Bitcoin and Ether look strong on the charts, indicating a positive sentiment.
Bitcoin remains bullish as long as it trades above the $112,000 to $110,530 support zone.
Bitcoin and Ether have not given up much ground, suggesting that the bulls are not rushing to the exit.
Buyers will have to maintain the price above $110,530 to prevent a deeper pullback.
Bitcoin bulls struggle to overcome $120,000, but a pending range break could send BTC and altcoins higher.
Bitcoin’s downside break takes a toll on most altcoins, while ETH price still aims for $4,000.
Bitcoin’s consolidation near the highs suggests the bulls are holding on to their positions in anticipation of a rally to new highs.
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