Bitcoin Rallies to $113.9K as Market Eyes Reversal Signals

The global cryptocurrency market showed strong recovery in the last 24 hours, with Bitcoin bouncing back to $113,900 after testing weekly lows. The move comes as traders spot bullish divergences on the charts, sparking hopes of a mid-week trend reversal. Other major coins, including Ethereum, Solana, XRP, and BNB, also witnessed healthy activity as investors weighed whale movements and ultra-low volatility levels.

Market Overview

The crypto market today remains in a cautious but optimistic zone. Bitcoin’s bullish divergence on RSI and record-low volatility hint at a potential explosive move, similar to historic rallies. However, whale-sized entities selling over 147,000 BTC since August continues to pressure the market. Despite this, low exchange reserves and muted trader positioning suggest limited downside risk.
If BTC holds above $113,400 and reclaims key moving averages, analysts believe a push toward $115,000 could be next. The broader market also reflects renewed momentum, with Solana leading gains and BNB nearing a psychological resistance.
• Bitcoin’s RSI divergence sparks optimism after sharp sell-offs.
• Volatility at record lows, suggesting a “calm before the storm.”
• Whales trimming holdings, but low exchange supply may offset selling pressure.
• Altcoins show strength, led by Solana and BNB.

Today’s 24-Hour Top 5 Coins

The market is currently in a balancing act whale distribution vs. supply tightening. If bullish signals hold, the next decisive breakout could be around the corner.

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