Bitcoin’s fall below $84,000 has bears in control, with potential for a drop to $74,508. Major altcoins slipping signal bearish sentiment. Analysts anticipate BTC to dip below $74,500 low, following US President Trump’s tariff announcement. However, some like Swyftx analyst Pav Hundal see a possible bottom forming in 40 days.
BTC price turned down sharply, with $80,600 crucial support. Buyers aim to defend $80,600 and push above moving averages to signal market rejection below $84,000. Ether fell below $2,787 support, indicating selling on minor rallies. Bulls face tough battle at $0.33 for Cardano.
BNB failed to hold above 20-day EMA, triggering selling to uptrend line. Bulls expected to defend line to prevent drop to $790. XRP fell below $1.77 level, likely to decline to $1.61 support. Solana’s bearish action signals potential fall to $95. Dogecoin’s close below $0.12 support hints at downtrend.
Monero struggles to rise above 50-day SMA, bears selling on minor rises. Buyers aim to defend $417 support, with potential rally to $546 if above 20-day EMA. Hyperliquid faces resistance at $35.50, with bulls looking to push above 20-day EMA for rally to $44.
Read more at Cointelegraph: Bitcoin’s $80K Last Support At Risk: Will Altcoins Follow?
