Bitcoin's brief dip below $100,000 has sparked market volatility, with analysts warning of potential declines in Bitcoin Cash (BCH), BNB, and Litecoin (LTC). These altcoins exhibit strong price correlations with Bitcoin, with BCH, BNB, and LTC showing 7-day Pearson correlations of 0.94, 0.97, and 0.92, respectively. Large holders have been reducing their positions, indicating caution.
If Bitcoin continues to weaken, key support levels for BCH, BNB, and LTC may be tested, potentially leading to sharper declines. The market remains on edge as traders watch Bitcoin's movements closely.
Bitcoin Dip Below $100,000 Puts Altcoins BCH, BNB, LTC at Risk
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