Bitcoin (BTC) $109,341.21 has climbed close to $113,000, hinting at a potential end to its three-day losing streak. Other major cryptocurrencies are following Bitcoin’s lead, though further upward momentum depends on BTC breaking through crucial resistance points.
“Much will hinge on bitcoin bulls’ ability to clear key resistance levels at $113,500 and $115,000. Surpassing these could restore the uptrend, while failure would increase the likelihood of a correction,” said Alex Kuptsikevich, senior analyst at FxPro, in an email.
Market watchers are closely monitoring these thresholds, as a decisive break could set the tone for the crypto market’s next movement.
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