Bitcoin’s lower support retests shift traders’ focus to XLM, LTC, ETC, BNB
Bitcoin remains in a consolidation phase as it struggles to maintain its price above $120,000, with key support at $110,530. Despite short-term pullbacks, bullish sentiment persists, boosted by recent developments in the US House of Representatives and general market optimism. Bitcoin's price predictions suggest a possible surge to $135,729 if it breaks $123,218. Meanwhile, BNB is gaining momentum, having breached resistance levels, while Stellar (XLM) is testing overhead resistance at $0.51. Litecoin (LTC) and Ethereum Classic (ETC) are experiencing similar trends, with varying support and resistance levels. Overall, traders should remain cautious of consolidation and potential corrections while adhering to strong money management principles.
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