๐ Bitcoinโs Cooldown: Correction or Calm Before the Storm?
On July 14, Bitcoin reached a new milestone, printing an all-time high of $123,091, solidifying its place as the king of crypto. But fast forward to today, and $BTC is trading at $116,740, showing signs of consolidation โ not weakness.
๐ Whatโs Happening Now?
Despite the dip, Bitcoin still boasts a massive $2.32T market cap, and the support zone between $113Kโ$115K is holding strong. The broader market sits at $3.77T, showing stability amid the pause in BTCโs rally.
โ๏ธ BTC Dominance Stays Firm โ But Alts Are Waking Up
With a 58.97% dominance, Bitcoin continues to command the spotlight โ but under the surface, altcoins are heating up:
๐ฅ OMNI: +26%
๐ฅ SPELL: +18%
๐ฅ BIO: +16%
Is this the start of an altcoin wave, or just short-term momentum?
๐ What Traders Should Watch:
If BTC holds above $115K, another retest of $120K+ is on the cards.
A drop below $113K could trigger short-term volatility.
Altcoins showing relative strength may offer golden entries if BTC remains stable.
๐ Whether itโs a healthy cooldown or the launchpad for the next leg up, one thingโs certain โ crypto never sleeps.$BTC
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