Crypto at Crossroads: Will BTC Break $110K or Retreat?
As of now, Bitcoin (BTC) trades at $108,516, down a modest 0.02%, while Ethereum (ETH) hovers near $2,545, showing minor weakness. Solana (SOL) sits at $177, consolidating after recent highs. The market appears cautiously neutral, with lower volume suggesting traders are waiting for a clear breakout.
Market Insight:
BTC remains below the critical $110K resistance, with a support zone forming around $107K.
ETH failed to hold above $2,700, indicating short-term correction potential.
SOL continues to show strength relative to the majors—watch for upside if BTC holds steady.
Future Outlook:
Expect increased volatility heading into the weekend. If BTC breaks $110K with strong volume, we could see a rally toward $115K. However, failure to hold above $108K may trigger a short-term dip toward $105K.
Pro Tip:
This could be a prime setup for range traders and altcoin swing entries. Keep watch on BTC dominance and ETH/BTC ratio for early signals.