BTC Faces Key Resistance as Price Holds Above $112,000
BTC (BTC) is trading near $112,864 on Monday later than dipping from an intraday high of $115,796 and holding above a low of $112,281. The cryptocurrency has been consolidating in a tight range, with investors monitoring both technical indicators and macroeconomic cues for signs of the next major move.
Market watchers identify resistance in the $115,000 to $120,000 band, a level that has capped recent rallies and triggered tradeing pressure. On the downside, immediate support is forming around $111,700 to $112,700. A decisive move below this zone could expose BTC to a deeper correction, potentially toward the $100,000 mark, while a break above $120,000 would signal renewed bullish momentum and the potential for fresh highs.
Short-term moving averages, including the 5- to 50-day levels, show bearish momentum as BTC trades beneath them. This reflects fragileer near-term sentiment. However, BTC remains above its 100-day and 200-day moving averages, offering support to the longer-term bullish case. Oscillators such as the Relative Strength Index (RSI) remain largely neutral, indicating that BTC is neither overbought nor oversold at current levels.
Trend strength indicators such as the Average Directional Index (ADX) suggest a fragile overall trend, highlighting the possibility of continued consolidation. The lack of strong directional conviction means BTC may remain range-bound until a significant market catalyst emerges.
Analysts note that if BTC can sustain momentum above the $120,000 resistance, it could open the path toward uncharted levels. Conversely, a failure to hold support near $112,000 would increase the risk of downside pressure, leaving traders cautious in the current environment.
ETH (ETH) is trading around $4,185 on Monday later than sliding from an intraday high of $4,498 and touching lows near $4,116. The second-largest cryptocurrency by market capitalization has been under pressure in recent sessions, with analysts closely watching whether it can maintain support above the $4,000 threshold.
ETH’s immediate support lies near $4,077, a zone that traders consider critical to maintaining stability. A breakdown below this level could trigger further declines, with potential downside targets in the $3,400 to $3,600 range. On the upside, resistance remains firm between $4,700 and $4,800, an area that has repeatedly capped price rallies in recent weeks. Reclaiming and sustaining momentum above this band would be necessary to restore a bullish outlook.
ETH’s short- and medium-term moving averages, including the 5-day, 10-day, 20-day, and 50-day lines, are all positioned above the current price, signaling downward pressure. Many of these levels are flashing trade signals. Longer-term moving averages remain supportive, but near-term sentiment is clahead tilted toward the bearish side.
Momentum indicators such as the Relative Strength Index (RSI), MACD, and Stochastics are pointing to either neutral or bearish conditions. In some cases, oversold readings are beginning to emerge, suggesting that tradeing may be overextended. Trend strength indicators, meanwhile, show fragile directional momentum, implying the potential for continued consolidation.
With volatility elevated, traders view ETH at a crossroads. Holding above $4,000 would offer a chance for stabilization and recovery, but failure to defend that support could open the way for deeper losses. For now, market participants remain cautious as ETH approaches this decisive juncture.
