• bitcoinBitcoin (BTC) $ 70,649.00
  • ethereumEthereum (ETH) $ 2,138.07
  • tetherTether (USDT) $ 0.999692
  • xrpXRP (XRP) $ 1.43
  • bnbBNB (BNB) $ 636.66
  • usd-coinUSDC (USDC) $ 0.999920
  • solanaSolana (SOL) $ 89.99
  • tronTRON (TRX) $ 0.305761
  • staked-etherLido Staked Ether (STETH) $ 2,265.05
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.03

Price predictions 1/7: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, BCH, LINK, HYPE

Bitcoin and select major altcoins are facing selling near their overhead resistance levels, but the pullback is expected to find support at the nearest moving averages.

🔗 Source

💡 DMK Insight

Bitcoin’s struggle at resistance levels could signal a broader market correction, especially with LTC currently at $81.57. Traders should watch how Bitcoin and major altcoins react to their moving averages. If they hold, it might indicate a buying opportunity; if not, expect further downside. The key levels to monitor are the 50-day and 200-day moving averages, which often serve as critical support. A failure to hold these could lead to increased selling pressure across the board, impacting correlated assets like LTC. Keep an eye on volume trends as well; a spike in selling volume could confirm bearish sentiment. On the flip side, if Bitcoin can reclaim its resistance, it could trigger a short squeeze, pushing altcoins like LTC higher. So, the real story is whether these moving averages can hold up under pressure or if we’re heading for a deeper pullback.

📮 Takeaway

Watch for Bitcoin’s reaction at its moving averages; a failure to hold could drag LTC below $81.57, signaling a potential sell-off.

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