Bitcoin Testing Support Amid Potential Altcoin Season Focused on XLM, LTC, ETC, and BNB

Key Points

1. Bitcoin's key support level is at $110,530, with resistance at $123,218; breaking above could target $135,729-$150,000, while falling below may lead to a correction to $100,000.

2. Altcoins such as XLM, LTC, ETC, and BNB are gaining momentum, suggesting a potential altcoin season as Bitcoin's dominance dips to 61%.

3. BNB broke above $698 resistance, reaching $761; holding $732 support is critical for further upside, with $794 as the next target.

4. XLM faces resistance at $0.51 with overbought RSI; maintaining $0.43 support is key for a breakout, while a drop below could test $0.36.

5. LTC tests resistance at $107; a rebound from the 20-day EMA ($93) could push prices higher, but a breakdown may signal profit-taking.

6. ETC surged past $21.70, with potential to reach $27 if support holds; failure may lead to a decline toward $18.50.