$ENA indicating that bears are trying to take charge.

If Bitcoin maintains above $112,000, LTC, CRO, ENA, and MNT could resume their up move.

Bitcoin (BTC) rose above the $115,000 level on Monday, but the bulls could not sustain the higher levels. The bears have pulled the price near $113,000 and are trying to threaten the $112,000 support.

Institutional investors have turned cautious in the past few days, but corporations have continued their purchases. The US spot Bitcoin exchange-traded funds (ETFs) saw a net outflow of $323.5 million on Monday, according to Farside Investors data. However, corporate treasuries viewed the weakness as a buying opportunity and added more than 600 BTC, per Capriole Investments.

A similar pattern was seen in Ether (ETH). Ethereum ETFs witnessed their highest ever net outflows of $465 million on Monday, but large whale or institutional purchases were spotted onchain via over-the-counter deals on Tuesday. 

If BTC holds its support, select altcoins could continue their up move. Let’s analyze the charts of the top five cryptocurrencies that look strong on the charts in the near term.

Bitcoin price prediction

BTC is taking support at the 50-day simple moving average ($112,395), but the relief rally is facing selling near $115,000.