Bitcoin and Crypto Pull Back, Weekly Gains Erased
Bitcoin slid to $115,600 on Friday, retreating from Thursday’s $118,000 high following the Fed’s rate cut, down 1.5% over 24 hours and flat for the week. Ether fell to $4,460, down 2.9% in 24 hours and 1.5% week-over-week.
SOL and DOGE, early-week leaders, are now roughly flat for the week. Analysts point to an ascending triangle pattern in BTC, with higher lows supporting the $115,700 area, keeping bulls in control as the market eyes $118,000 resistance.
