Bitcoin Rebounds To $112K As Traders Eye Resistance Levels And ETF Outflows

Benzinga

Bitcoin rebounded to $112K after heavy liquidations, with traders eyeing $117K if momentum holds. Ethereum sits at key support, while Solana and Dogecoin show bullish signals that could fuel a broader altcoin rally.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Cryptocurrency markets edged higher Monday with Bitcoin rebounding to $112,000, according to Benzinga.

00:08Coinglass reported $345 million in liquidations in a 24-hour period.

00:12So-so value data showed $418.3 million in outflows from spot Bitcoin ETFs

00:17and $248.3 million from spot Ethereum ETFs on Friday.

00:21Analysts said Bitcoin's rally filled prior gaps but left support levels untested, making the bottom uncertain.

00:27A move of $112,000 could drive gains towards $117,000, but failure risks a retrace to $107,000.

00:33Traders noted short covering fueled the uptick, with momentum he aging on a daily close above $113,500.

00:40For Ethereum, key support sits at $3,700 to $3,800, with upside requiring a reclaim of $4,200.

00:46Altcoin analysts flagged Solana's high or low, pointing to new highs in Q4,

00:51and Dogecoin nearing a golden cross that could trigger a broader altcoin rally.

00:54For all things money, visit Benzinga.com.

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