Bitcoin (BTC) $109,341.21 has climbed close to $113,000, signaling a potential pause to its three-day losing streak. Other major cryptocurrencies are following Bitcoin’s movement, but further gains depend on whether BTC can surpass crucial resistance levels.
“Much will hinge on bitcoin bulls’ ability to clear resistance at $113,500 and $115,000. Success could restore the uptrend, while failure would increase the risk of a correction,” said Alex Kuptsikevich, senior analyst at FxPro, via email.
Traders are monitoring these levels closely, as breaking above them could determine the next direction for the crypto market.
