Bitcoin May Gain Traction Above $120,000 as Ether and Other Altcoins Show Strength

Key Points

1. Bitcoin (BTC) is facing resistance near $123,218; a break above could push it to $135,000, while failure may lead to a decline toward $95,000.

2. Ethereum (ETH) recorded its highest-ever net ETF inflows of $1.01 billion, signaling strong institutional interest and potential upward momentum.

3. BTC's rejection near its all-time high of $123,218 suggests strong bearish resistance, impacting some altcoins.

4. Ethereum's price could rally to $4,868 if it breaks resistance, but a drop below $4,094 may trigger a deeper pullback.

5. Other altcoins like BNB, LINK, and UNI show potential for upward movement if key resistance levels are breached.