Bitcoin Holds Higher Low, Eyes $115K Breakout: Will Altcoins Follow?
- Bitcoin is showing early signs of recovery, with a higher low around the $112,700 level.
- A breakout above $116K could trigger upward momentum for both Bitcoin and the altcoin market.
- However, a drop below $113K could invalidate the bullish setup, with key support found between $110K and $112K.
Bitcoin is showing early signs of recovery after printing a higher low around the $112,700 level, as noted by analyst Michaël van de Poppe.
At press time, BTC is trading at approximately $113,950, down 0.58% in the last 24 hours. The move follows a volatile week where the price dipped from mid-July highs of $123,200 to a recent low near $112,000.
Van de Poppe highlighted that Bitcoin is now approaching the crucial $114,755–$115,000 resistance zone. He noted this key level could determine whether BTC re-enters its previous trading range. Specifically, a successful break above this area would likely trigger upward momentum, not just for Bitcoin, but across the altcoin market as well.
Related: Bitcoin (BTC) Price Must Break $116,800 to Go “Explosive,” Says Top Analyst
Breakout Above $116,800 Could Open the Door to New ATH Test
The accompanying chart out…
The post Bitcoin Holds Higher Low, Eyes $115K Breakout: Will Altcoins Follow? appeared first on Coin Edition.
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Bitcoin Holds Higher Low, Eyes $115K Breakout: Will Altcoins Follow?
- Bitcoin is showing early signs of recovery, with a higher low around the $112,700 level.
- A breakout above $116K could trigger upward momentum for both Bitcoin and the altcoin market.
- However, a drop below $113K could invalidate the bullish setup, with key support found between $110K and $112K.
Bitcoin is showing early signs of recovery after printing a higher low around the $112,700 level, as noted by analyst Michaël van de Poppe.
At press time, BTC is trading at approximately $113,950, down 0.58% in the last 24 hours. The move follows a volatile week where the price dipped from mid-July highs of $123,200 to a recent low near $112,000.
Van de Poppe highlighted that Bitcoin is now approaching the crucial $114,755–$115,000 resistance zone. He noted this key level could determine whether BTC re-enters its previous trading range. Specifically, a successful break above this area would likely trigger upward momentum, not just for Bitcoin, but across the altcoin market as well.
Related: Bitcoin (BTC) Price Must Break $116,800 to Go “Explosive,” Says Top Analyst
Breakout Above $116,800 Could Open the Door to New ATH Test
The accompanying chart out…
The post Bitcoin Holds Higher Low, Eyes $115K Breakout: Will Altcoins Follow? appeared first on Coin Edition.
Read More