Bitcoin’s Future Uncertain, Altcoin Plunges Prompt Market Analysis

Bitcoin continues its downward trend, nearing critical support at $100,200. This could trigger a decline to levels between $98,400 and $95,000, according to market analysts. Conversely, altcoins are facing steeper losses, with many breaking through their 50-day moving averages. Analysts predict the direction of Bitcoin and altcoins, but support from Bitcoin is crucial for a recovery in this volatile market.