Bitcoin Dips While Altcoins Await Their Turn – BitRss

During the writing of this report, BTC dropped to a new daily low of $93,080. This situation raises the question: could it be an opportunity for altcoins? We had previously discussed the potential risks of the Fed minutes leading to such outcomes. While a major decline was not anticipated, recent data supported bearish sentiment, accelerating the drop. What are the forecasts for XRP Coin and PEPE Coin?

Bitcoin (BTC) Experiences a Decline

As the article was prepared, the largest cryptocurrency by market capitalization, BTC, was priced around $94,000. There exists a support level around $92,780, and if $93,500 is breached (along with subsequent closes below that level), a rapid decline may ensue. This is intriguing, especially as just hours earlier, new all-time high dreams were being discussed above $103,000.

Some analysts suggest that we could see a test of $86,800 following the drop on December 18. If Trump does not take concrete steps regarding cryptocurrencie…