Bitcoin hits $112K, traders eye resistance as Fed decision looms
TL;DR
- Bitcoin surged past $112,000 over the past 24 hours, signaling renewed bullish momentum in the crypto market.
- Altcoins followed suit, with Ethereum, Hyperliquid, and Binance Coin showing notable gains.
- Traders are watching the upcoming U.S. economic data and Federal Reserve signals closely, as these events could influence Bitcoin’s trajectory and test resistance levels around $113,500 to $115,000.
Bitcoin started the day at $109,500, briefly dipping below $109,000 before reversing sharply to $112,110. The rebound erased over $350 million in short positions, reflecting strong bullish sentiment and increased trading volumes across major exchanges. Ethereum also rose by 2.72% to $4,102, while Solana gained 3.56% to $207.…
