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Bitcoin price looks on track to reclaim the $100,000 level. Are altcoins set to follow?
Bitcoin is holding above $90,000, signaling the possibility of a move back toward $100,000 in the next few days.
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Bitcoin needs to find support in the $90,000 to $85,000 range in order for altcoins to recover and find new buyers.
A bearish chart pattern could send Bitcoin price to $76,000. What will BNB, AAVE, XMR and VIRTUAL do in the meantime?
Bitcoin’s repeated failure to cross above $100,000 increases the risk of a drop under $90,000.
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Bitcoin’s recovery shows solid buying at lower levels, increasing the possibility of a break above $100,000 in the short term.
Bitcoin remains under pressure, but the bulls are expected to defend the $90,000 support.
A solid recovery in Bitcoin price is a hint that bulls have not given up on BTC and altcoins as they continue to buy dips below key support levels.
Bitcoin’s pullback after hitting a new all-time high above $108,000 has started a correction in select altcoins, signaling profit booking by the bulls.
Bloomberg ETF analysts Eric Balchunas and James Seyffart expect Litecoin and Hedera will also get spot ETFs, but aren’t convinced there’ll be much demand for them.
Sustained demand from buyers has pushed Bitcoin to a new all-time high, opening the doors for a rally toward $113,000.
Bitcoin is facing selling above $100,000, but the repeated retest of a resistance level increases the likelihood of a breakout.