Bitcoin (BTC) $109,341.21 has rebounded toward $113,000, suggesting a possible end to its three-day losing streak. Other major cryptocurrencies are tracking Bitcoin’s move, but further gains hinge on whether BTC can surpass critical resistance levels.
“Bitcoin bulls need to overcome resistance at $113,500 and $115,000. Success could revive the uptrend, while failure would raise the risk of a correction,” said Alex Kuptsikevich, senior analyst at FxPro, via email.
Traders are closely watching these levels, as breaking them could signal the market’s next directional shift.
