Bitcoin approaches critical support levels with analysts forecasting a potential dip to $112K. Meanwhile, certain altcoins continue to exhibit positive results.
Bitcoin Price Prediction: $112K Level
As of this writing, Bitcoin is trading at $117,261 after a 24-hour drop of 1.12%. Trading volume has reached $104 billion, indicating activity around key levels. Analysts point to the CME gap between $114,440 and $115,555 as a likely target. If filled, this could lead to a retest of the $112K support before any upward movement towards $130K. A drop below $104,500 might weaken bullish sentiment.
Ethena's Surge: Breaking Key Resistance
Ethena (ENA) has quietly performed well, jumping over 21% to $0.5885, the highest in six months. Analysts believe that a break above $0.60 could spark further gains towards $0.71 or even $1.00. The recent move above the $0.5433 resistance indicates bullish momentum, especially with increasing trading volumes.
Why Traders Are Choosing Remittix
As Bitcoin navigates through critical support, Remittix (RTX) emerges as a favored altcoin among investors. Unlike others, Remittix targets individual users and small businesses, facilitating straightforward crypto and fiat transactions. Recent highlights include wallet beta testing, support for over 50 crypto pairs and 40 fiat currencies, and a focus on real-world payments.
The cryptocurrency market remains in a waiting phase as Bitcoin faces support levels, with attention shifting towards altcoins like Ethena and Remittix, which continue to showcase growth potential.
