crypto market bounce back after recent correction: Crypto market bounce back today after recent correction: Bitcoin and altcoins test key support — which coins could lead the next rally?
Cryptocurrency market is showing signs of life after a period of sharp declines. Bitcoin (BTC) is currently trading around $113,582, up roughly 1.65% from yesterday. Ethereum (ETH) is hovering near $4,167, reflecting a modest gain of 0.15%. This bounce comes after a challenging week when over $1.5 billion in leveraged positions were liquidated, creating turbulence in crypto prices across the board.
Altcoins are showing resilience, testing key support zones that could serve as the foundation for the next upward move. Analysts point out that the market is bouncing at the 0.618 Fibonacci retracement level, aligning with the support trend line of a potential symmetrical triangle pattern.
The Altcoin Market Cap has also reclaimed a previous…
