📊 Bitcoin Steadies at $118K — Analysts Warn of Pullback & Altcoin Rotation
Bitcoin is holding around $118,000, but analysts are flagging possible turbulence ahead.
🔹 Key Levels to Watch
.☆.Lark Davis sees a possible retest at
$108K–$112K, citing Fibonacci retracements
& 20-week EMA support.
.☆.Michaël van de Poppe notes BTC just faced
rejection at resistance, hinting at
range-bound trading.
.☆.Support sits near $117K, while resistance is
forming around $118.6K.
🔹 What It Means
@If BTC dips, Davis expects strong buyer interest
at the $108K–$112K confluence zone.
@Van de Poppe suggests sideways movement
could trigger an altcoin rotation, with ETH and
majors likely to benefit first.
@For traders: The broader bull market outlook
stays intact, but the short-term path depends
on whether BTC consolidates or revisits deeper
support.
#Bitcoin #CryptoAnalysis #BTC #Altcoins #CryptoMarket #BinanceSquare #TradingTips
