Market Trend - Bitcoin and Altcoin Technical Analysis
Is the crypto market about to make a big move?
made a solid comeback on Thursday, but the bulls are struggling to hold the gains. According to a Glassnode report, the key level to watch is $116,900. A sustained move above this could signal that "the demand side is regaining control." But if it stays below, a deeper correction toward $110,000 is a risk.
Meanwhile, $ETH
looks strong and is challenging the $4,094 resistance level. The recent rally in Ether is being seen as a potential "first step" toward a more "risk-on appetite" in the market, with analysts predicting significant surges for altcoins in the coming months.
Keep a close eye on these key levels as we head into the weekend!
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