Bitcoin is currently facing significant selling pressure near the $115,000 resistance level. After a recent decline testing support around $112,000, BTC has been attempting to regain upward momentum. Analysts note that the $115,000 to $116,000 range acts as a pivotal resistance zone that Bitcoin must break decisively to trigger a stronger rally toward targets like $120,000 and beyond.
On the other hand, altcoins like Litecoin (LTC), Crypto.com Coin (CRO), Enzyme Network (ENA), and Moneta (MNT) are bucking this trend by showing strength and positive chart patterns. These altcoins have been displaying more resilience with stronger price action and momentum relative to Bitcoin’s struggle at resistance.
To summarize:
Bitcoin faces a crucial test near $115,000, with resistance likely to shape near $116,000.
Successful breakout above this zone could open a path to $120,000+ targets.
Failure to break resistance may keep BTC range-bound or lead to a retest of support near $110,000.
Altcoins LTC, CRO, ENA, and MNT are outperforming BTC, showing bullish momentum and potential upside.
Share if you’re watching BTC and altcoins closely! Are you bullish on Bitcoin’s breakout or favoring altcoins? Let me know your thoughts!
