Technical charts show Bitcoin and altcoins consolidating as part of establishing a new price floor after last week’s sharp sell-off. As a range is set, will bulls or bears establish dominance?
💡 DMK Insight
Bitcoin’s recent consolidation around key levels is a crucial moment for traders. With SOL at $79.52 and LTC at $52.52, the market’s behavior post-sell-off indicates a potential price floor. Traders should watch for breakout patterns, especially if Bitcoin can hold above its recent support levels. If bulls gain momentum, we could see a rally that lifts altcoins like SOL and LTC, which are currently showing signs of resilience. However, a failure to break above resistance could lead to further bearish pressure, especially if selling resumes. Keep an eye on volume trends—higher volume during upward moves would signal stronger bullish intent. Conversely, if volume drops while prices rise, it might indicate a lack of conviction. Here’s the thing: while the mainstream narrative might focus on Bitcoin, altcoins could offer hidden opportunities if they break out of their current ranges. Watch for SOL to test resistance at $82 and LTC at $55 for potential trading signals.
📮 Takeaway
Monitor Bitcoin’s ability to hold above support; a breakout could signal bullish momentum for SOL and LTC, especially if SOL tests $82 and LTC $55.






