Bitcoin traders predict ‘strong run-up’ as classic chart targets $113K

💡 DMK Insight

Bitcoin’s ability to hold above $98,000 is crucial right now. If it closes above this level, traders could see a projected 18% upside, which would signal strong bullish momentum. This isn’t just about Bitcoin; a sustained rally could pull altcoins along for the ride, especially those closely correlated with BTC. Look at Ethereum and Litecoin, which often follow Bitcoin’s lead. But here’s the flip side: if Bitcoin fails to maintain this level, we could see a sharp pullback that might trigger stop-loss orders across the board. Traders should keep an eye on volume—if it drops while Bitcoin hovers around $98,000, that could indicate weakening support. Watch for key resistance levels above $115,000, as breaking through could confirm the bullish sentiment. Immediate action is warranted; monitor the daily closes closely for signs of strength or weakness.