Price predictions 10/29: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, HYPE, LINK, BCH

💡 DMK Insight

Bitcoin’s failure to reclaim $118,000 has triggered profit-taking and new shorts, raising concerns for swing traders. With BTC currently at $110,077, the market sentiment is shifting as traders react to the FOMC presser. If the Fed signals a more hawkish stance, we could see further downside pressure, potentially testing support levels around $105,000. This scenario could also ripple through altcoins like Litecoin, which is currently at $98.77. Traders should keep an eye on the correlation between BTC and LTC, as a bearish BTC could lead LTC to retest its support levels. On the flip side, if the FOMC hints at a dovish approach, it might provide the momentum needed for a recovery. Watch for BTC to break above $118,000 for a bullish signal, but until then, the market remains vulnerable to further selling pressure.