Bitcoin price holding $27K could open buying opportunities in BNB, ADA, XMR and TON
Altcoin prices have crumbled since BTC’s sharp pullback, but BNB, ADA, XMR and TON could be the first to bottom. Bitcoin (BTC) is on target to finish the week with a sharp fall of around 9%. This suggests that some traders may be booking profits in fear of a resumption of the downtrend. Analysts expect Bitcoin to reach the $26,600 to $25,000 zone where buying interest may pick up. When an asset emerges from a bear market, it tries to form higher lows on the way up. These levels act as strong supports during subsequent corrections. The current pullback could end up forming a higher floor for Bitcoin, which may act as a launch pad for the next rally. Crypto market data daily view. Source: Coin360 If long-term investors believe that a bottom has been made, then panicking and selling on every corrective phase is not a good strategy. Rather, every dip could be an opportunity to build a portfolio. The correction in Bitcoin has pulled several altcoins lower. Only a handful of major cryptocu...