Bitcoin's Price Fluctuations Impact Altcoins and Market Watch

1 min read
Source: Cointelegraph
Bitcoin's Price Fluctuations Impact Altcoins and Market Watch
Photo: Cointelegraph
TL;DR Summary

Bitcoin is expected to reach the $26,600-$25,000 zone, where buying interest may pick up. The correction in Bitcoin has pulled several altcoins lower, but BNB, ADA, XMR, and TON are showing strength on the charts. BNB is witnessing a tough battle between the bulls and the bears, while ADA turned down and plunged back below the neckline of the inverse head-and-shoulders pattern. XMR turned down from the neckline of the developing inverse H&S pattern, but the sharp recovery from lower levels indicates aggressive buying on dips. TON has formed a bearish descending triangle pattern, but a positive sign in favor of the buyers is that the price has been trading near the resistance line of the triangle for the past few days.

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