Bitcoin Breaks $113,000 Barrier: Price Prediction Deep Dive

The cryptocurrency market experienced a dramatic price swing this past week, with Bitcoin (BTC) breaking above the $113,000 mark. Several major altcoins are battling against bears, but the bulls managed to push BTC back towards the upper levels. Glassnode’s The Week Onchain Report suggests a crucial support level for BTC is around $116,000. A move above this will indicate a potential new uptrend. However, if sellers manage to pull the price below $110,000, we could see BTC heading back down towards the $93,000 to $95,000 range. ]