$BTC Arbitrum (ARB) is at a pivotal juncture.

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Currently trading at $1.1814, it has the potential to reach higher levels if Layer-2 solutions gain traction, Ethereum (#ETH) rises, or Bitcoin (#BTC) dominance decreases. ARB, which has been less prominent compared to other altcoins, might soon become a leader. In this scenario, it could move towards targets of $1.2338, $1.4588, $1.6114, $1.70, $1.80, $2.1069, $2.2767, and $2.4240. However, the $1.70 – $1.80 range might be a significant selling zone in the short to medium term.

Conversely, if Layer-2 solutions fail to break out, Ethereum remains below $3750, or Bitcoin doesn't establish $70,000 as support, ARB could face selling pressure. This could lead to a decline to $0.9908, $0.8029, and $0.7319. The price range of $0.8029 – $0.7319 is crucial as a buyer zone.

$BTC $ARB