The cryptocurrency market remains under pressure, with Bitcoin struggling to breach the $110,000 level. Analysis indicates that BNB, Solana, Chainlink, and AAVE could show significant growth.
Bitcoin Price Prediction
Bitcoin failed to close above the $110,000 level, leading to profit-taking by short-term traders and pulling the price down to $108,000. Some analysts, including Daan Crypto Trades, warn that if the price falls below $108,000, the correction could deepen.
If Bitcoin manages to bounce off its moving averages, it may positively impact the markets and support the growth of other cryptocurrencies.
Altcoin Predictions
BNB rebounded above the $654 level and could extend upward to $675 if buyers can hold their positions. Solana, under pressure after failing to break through the $159 level, may gain strength if the price surpasses this point.
Chainlink has also shown fluctuations: if it successfully breaks the $14.10 resistance, a move to $15.66 is possible. AAVE, despite resistance near $286, remains above the moving averages and could reach $325 with further upward movement.
Conclusion
The influence of Bitcoin's movements on other altcoins could play a significant role in the overall market, and only time will tell whether the market can overcome the current barriers.
Bitcoin's movements may greatly influence other altcoins, and it remains to be seen whether the market can overcome current obstacles.
