Despite recent downturns in the cryptocurrency market, particularly impacting altcoins, Bitcoin (BTC) has managed to maintain a solid position above $110,000. This stability offers a glimmer of hope for investors while caution remains necessary. Analysis indicates support levels at $108,200 and $107,000, with the latter proving resilient even after repeated tests. A clear upward trend is indicated by highs exceeding $107,000. 24-hour price movements show signs of reclaiming $112,000, potentially leading to further gains towards $115,270 and $117,500. However, the risk of Bitcoin’s price dropping remains a concern for some altcoin investors. Overall market sentiment is cautious as cryptocurrencies continue to navigate a volatile period. The total market capitalization has rebounded to $3.72 trillion after touching a low of $3.5 trillion.