šØ Bitcoin Consolidates! Traders Pivot to XLM, LTC, ETC & BNB šš°
š Bitcoin Update
Consolidation phase: BTC is moving between key levelsāabove the $110,530 support, but unable to stay above $120,000.
Bullish trend holds: The 20āday EMA (~$113,984) is going up and RSI remains positive. A breakout above $123,218 could push prices to $135,729, then toward $150,000 š.
Risk scenario: If BTC drops below $110,530, it could fall to $100,000 ā ļø.
š” Altcoins Gaining the Spotlight
As Bitcoin consolidates, traders are turning to strong-performing altcoins:
š¶ BNB (Binance Coin)
Broke above resistance at $698 and $732, reaching around $761.
If it stays above $732, the next target is $794. If not, expect range movement between $698ā$761.
š Stellar (XLM)
Rose near $0.51, entering overbought territory.
Support at $0.43 is keyāif it holds, a breakout to $0.64 or $0.80 is possible š. Below $0.43 = possible pullback.
ā” Litecoin (LTC)
Passed $107, but faced resistance.
A move above $107 could push it to $130ā$140. If it fails, a drop to $93 is likely š.
š¢ Ethereum Classic (ETC)
Strong move above $21.70 with high RSI.
Holding above $21.70 could lead to $27. Below that, support is near $18.50.
š§ Key Takeaways for Traders
1. š§ Watch BTC between $110Kā$123K for clues on next move.
2. šØ Altcoins to watch:
BNB: Support at $732; possible rise to $794.
XLM: Key support at $0.43; targets $0.64ā$0.80.
LTC: Trading between $93ā$107; potential move to $130+.
ETC: Holding $21.70 could lead to $27.
3. š Expect short-term ups and downsāeven during bullish trends.
š„ Recap: While Bitcoin consolidates near key support levels, traders are rotating into altcoins with stronger upward signals. XLM, LTC, ETC, and BNB are all showing breakout potential.