Bitcoin Approaches $115K Resistance as Altcoins Signal Potential Market Rally
Main Idea
Bitcoin is testing the $115K resistance level with bullish momentum, while altcoins show signs of a potential market-wide rally, supported by technical indicators like golden crosses.
Key Points
1. Bitcoin is trading around $114,174, approaching a key resistance zone near $114,755, with potential for a breakout above $116K.
2. Altcoins are showing bullish trends, with a golden cross signal in the total crypto market cap excluding the top 10 coins, indicating a possible broader rally.
3. A breakout above $116K could confirm bullish strength, while a failure to hold the $110K–$112K zone might lead to a deeper correction toward $103K.
4. On-chain volume analysis shows increased buying interest near $111K, and RSI remains slightly bullish, suggesting continued bullish momentum.
5. Dubai has approved Bitcoin options trading, adding to the bullish sentiment in the crypto market.
Description
Bitcoin is nearing a critical $115K breakout, supported by bullish momentum, while altcoins show golden cross signals indicating a potential market-wide rally. Bitcoin’s higher low near $113K keeps the uptrend
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