Bitcoin bounced off the $107,000 support, but the recovery is expected to face significant resistance in the $112,000 to $116,000 zone. Do charts point to any altcoins taking the lead?
Key points:
Bitcoin’s relief rally is facing selling near $112,000, signaling that the bears have not given up.
Buyers have defended the support levels in select major altcoins, but unless they push the price above the overhead resistance, the selling is likely to resume.
Read more