Which Altcoins Could Crash if Bitcoin Closes Below $100,000?
If Bitcoin falls below $100,000, highly correlated altcoins like Bitcoin Cash (BCH), BNB, and Litecoin (LTC) face significant crash risks.Summary
Following Bitcoin's brief dip below $100,000, attention is focused on altcoins highly correlated with BTC that could crash if the decline continues. Bitcoin Cash (BCH) shows a 7-day Pearson correlation of 0.94 with BTC, making it vulnerable; large holders have recently reduced their positions, and a drop below $439 support could trigger a larger breakdown.
BNB also exhibits a very strong correlation (0.97 short-term), and while it shows some underlying bullish divergence, a failure to hold $946 support if BTC weakens could lead to tests at $859 and $817.
Litecoin (LTC) has an even tighter monthly correlation (0.92) and has recently underperformed BTC, dropping about 28% this month. Large LTC holders have also been selling, and if the $86 support breaks amid further BTC weakness, LTC could test $79 and potentially $71.
(Source：BeInCrypto)