#BTC to maintain a bullish trajectory, it must remain above the short-term holders' cost basis of $113,600.
Any drop below this could lead to a further decline to around $97,500, marking the low of this consolidation phase. On a brighter note, this would indicate a depletion of selling pressure, paving the way for the next uptrend. As the market braces for its next move, cryptocurrencies seem to be absorbing some of the capital rotation triggered by fluctuations in energy prices and foreign exchange markets.
BTC
66,292.77
-1.67%