Bitcoin May Face Continued Correction Near $116,813 as Dominance Drop Could Spur Altcoin Strength
The post Bitcoin May Face Continued Correction Near $116,813 as Dominance Drop Could Spur Altcoin Strength appeared on BitcoinEthereumNews.com.
Bitcoin price trades around $115,572 and faces immediate resistance at $116,813; key supports lie at $114,755 and $111,918, with a deeper demand zone at $103,190. A confirmed retest above $116,813 is needed for continuation toward $119,504, while declining dominance could boost altcoin strength. Bitcoin at $115,572 with $114,755 and $111,918 as near-term supports. RSI weakness and volume spikes confirm corrective structure; $116,813 retest is key for bullish continuation. Bitcoin dominance fell to 57.96%; a slide toward 40–42% historically favors altcoin rallies. Bitcoin price analysis, resistance at $116,813 and altcoin outlook. Read actionable support levels and dominance data — stay informed with COINOTAG. Bitcoin faces resistance near $116,813 while dominance declines; analysts note key supports and potential altcoin strength ahead. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Bitcoin trades at $115,572 with support at $114,755 and $111,918, while $103,190 demand zone signals possible accumulation. RSI weakness and volume spikes confirm corrective structure, with $116,813 retest needed for continuation toward $119,504 levels. Bitcoin dominance fell to 57.96% after rejection, with analysts eyeing 40–42% as potential trigger for altcoin outperformance. Bitcoin price action shifted lower after a rejection from the $119,504–$118,000 range, with sellers absorbing demand and pushing prices toward lower supports. Volume spikes at key levels indicate liquidity hunts near prior consolidations. Michael van de Poppe noted the market is in a corrective phase, setting up potential “buy the dip”…
