Price predictions 2/20: BTC, ETH, XRP, BNB, SOL, DOGE, BCH, ADA, HYPE, XMR

💡 DMK Insight

Bitcoin’s struggle to gain traction is a red flag for altcoins, and here’s why: With Bitcoin hovering around key resistance levels, the inability of bulls to push past these points signals a potential shift in market sentiment. If Bitcoin can’t reclaim its footing, altcoins like Litecoin, currently at $55.21, could face significant downward pressure as traders rotate back to safer assets or cash out. This bearish sentiment is compounded by the broader economic indicators, including inflation data and interest rate expectations, which could further dampen risk appetite. Look for Litecoin to hold above $54 as a critical support level; a drop below could trigger a wave of selling. On the flip side, if Bitcoin manages to break through its resistance, we might see a short squeeze that could lift altcoins. Keep an eye on trading volumes and sentiment indicators to gauge the market’s next move.