Bitcoin finds support at $118,000 but faces strong selling pressure in the $120,000 to $123,218 range. The recent rejection at the all-time high suggests a possible distribution phase, causing caution among analysts. Meanwhile, Ethereum shows strong institutional demand with over $1 billion in Ether ETF inflows on Monday. Bitcoin's failure to create a new high led to a pullback in altcoins, yet some, like Ether, are bouncing back. Predictions for Bitcoin indicate that if it stays above the 20-day SMA of $116,779, it may attempt to break through $123,218, potentially reaching $135,000. Conversely, if it drops below this support, it could fall to $114,366. For Ether, following its price increase to $4,366, a push towards $4,868 is anticipated, although a drop below $4,094 could signify profit-booking. Altcoins like BNB, LINK, and UNI are also analyzed, with notable levels and support identified across their charts.

Source đź”—