Bitcoin slumps, but LTC, CRO, ENA, and MNT remain strong on the charts
Bitcoin is experiencing considerable selling pressure at around $115,000, with the price recently pulled near $113,000. Institutional interest has waned, marked by a significant outflow of $323.5 million from US spot Bitcoin ETFs, although corporate buyers remain active. If Bitcoin maintains support above $112,000, altcoins like LTC, CRO, ENA, and MNT may continue to rise. Current analysis indicates that Bitcoin could aim for levels between $120,000 and $135,000 if it breaks above the 20-day SMA. LiteCoin has bounced back, showing potential to rise to $130 and beyond if it remains above $122. Cronos has regained ground above its 20-day SMA, suggesting a rally could follow. Ethena shows promise if it can break above $0.70, while Mantle's completion of an inverse head-and-shoulders pattern might propel it to $0.94 if it surpasses $0.85. Key support levels are critical to watch for potential setbacks in these altcoins.
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