Economic reports last week pushed Bitcoin down to around $118,045, prompting renewed focus on major crypto opportunities.

In the middle of traders pondering on the recent Bitcoin price action, other tokens with utility are proving to be popular amongst the investors, such as Remittix (RTX).

When combined with the practical application of Remittix and the stability of Bitcoin, investors will have a proper balance on how to weather the next market volatility, which is the key to being in the right position when the next crypto rally arrives.

BTC recently tested a peak above $124,500 before pulling back. Canary Capital CEO Steven McClurg warned that Bitcoin could see no more than 27% upside before a potential downtrend.

However, he added that there is over a 50% chance that BTC climbs to the $140,000 to $150,000 range this year.

The trading volume in the past week suggests growing accumulation at lower levels.

For traders, key levels to watch remain $118,000 as immediate support and $124,500 as resistance.

The recent Bitcoin updates on Bitcoin indicate that participants in the market are looking at macroeconomic statistics in order to determine the direction.

Announcements on interest rate, employment rate, and inflation are most likely to affect price action in the short run.

Though there have been periodic severe corrections, the power of Bitcoin is strong, and on-chain indicators reflect positive activity as transaction volume is persistent and growing, resulting in increasing network activity.

Technical indicators show that BTC is about to engage in a rebound.

Analysts point to the Relative Strength Index showing oversold conditions on shorter timeframes.

Whales are increasingly moving coins into cold storage, signaling long-term confidence. Retail activity has shown moderation, while institutional flows continue steadily.

BTC’s declining volatility, coupled with increasing demand, often precedes strong upward movements.

source: @ColinTCrypto on X

Alongside BTC, utility-focused projects like Remittix are gaining traction among crypto investors.

Remittix has raised over $20 million through the sale of more than 607 million tokens, priced at $0.0944 each.

The team will reveal the name of their first CEX listing.

Remittix’s combination of utility, market traction, and early adoption makes it an appealing complement to BTC in diversified portfolios.

Its real-world applications, from global remittances to crypto staking, offer investors exposure to next-generation blockchain solutions while Bitcoin consolidates.

Investors are attracted to Remittix for several reasons:

Traders following the latest Bitcoin updates should consider both BTC’s technical setup and emerging altcoins like Remittix.

Remittix offers exposure to practical crypto adoption with robust DeFi applications.

A balanced approach allows investors to benefit from both BTC’s institutional momentum and emerging crypto projects.

Monitoring whale activity, macroeconomic reports, and token utility developments will be crucial for positioning ahead of potential market rallies.

Discover the future of PayFi with Remittix by checking out their project here:

Website: https://remittix.io/

Socials: https://linktr.ee/remittix

$250K Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway

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