Bitcoin is currently testing its critical support level at $110,530, which is vital for maintaining bullish market sentiment. A break below this level could lead to profit-taking by traders, impacting prices.
As Bitcoin consolidates, traders are turning to altcoins like XLM, LTC, ETC, and BNB, which play a significant role in the evolving market landscape. Ether’s stronger position suggests the potential for an altseason, indicated by rising prices across major altcoins.
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