• bitcoinBitcoin (BTC) $ 101,184.00
  • ethereumEthereum (ETH) $ 3,403.68
  • tetherTether (USDT) $ 0.999883
  • xrpXRP (XRP) $ 2.34
  • bnbBNB (BNB) $ 947.34
  • usd-coinUSDC (USDC) $ 0.999795
  • staked-etherLido Staked Ether (STETH) $ 3,402.18
  • tronTRON (TRX) $ 0.294362
  • dogecoinDogecoin (DOGE) $ 0.168803
  • cardanoCardano (ADA) $ 0.543697

Price predictions 11/7: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, HYPE, LINK, ZEC

Bitcoin bulls have held the price above the critical $100,000 support level, but a shallow bounce increases the risk of a breakdown. Will altcoins gain ground while BTC searches for direction?

🔗 Source

💡 DMK Insight

Bitcoin’s struggle to maintain momentum above $100,000 is a red flag for traders. While bulls have managed to hold this critical support, the shallow bounce suggests a lack of conviction, raising the risk of a potential breakdown. If BTC fails to regain bullish momentum soon, we could see a shift in focus toward altcoins, especially if they start to show relative strength. Traders should keep an eye on key resistance levels for BTC around $105,000; a failure to break above could trigger profit-taking or stop-loss orders, leading to a cascade effect. On the flip side, if altcoins begin to rally, it might indicate that capital is flowing out of BTC, which could create opportunities in the altcoin market. Watch for LTC’s performance as a bellwether; if it breaks above $110, it could signal a broader altcoin rally. Keep your charts handy and monitor BTC’s price action closely over the next few days for any signs of a trend reversal or breakdown.

📮 Takeaway

Watch BTC closely; a failure to hold above $100,000 could trigger a breakdown, while altcoins may gain traction if BTC struggles.

Leave a Reply

Navigating Success Together

Place your Ad

Trending News

  • All Posts
  • Community
  • Crypto Markets
  • DeFi & Web3
  • DMK AI Summary
  • DMK Editorials
  • DMK Press Release
  • Forex News
  • NFT & Metaverse
  • Regulation & Security
  • Tech & Innovation
  • Top News

News Categories