Bitcoin‘s (CRYPTO: BTC) recent breakdown below support has injected caution across the cryptocurrency market, but certain altcoins are displaying resilience.
According to market commentary from pseudonymous analyst EmperorBTC on Monday, Bitcoin failed to hold a key support level and warned that if a bearish retest plays out with low trading volume, price could slide further.
The next logical level for potential support, he suggested, would be near $110,000, down from the current $113,000 area.
Ethereum (CRYPTO: ETH), meanwhile, has also come under pressure.
After initially showing strength with a short-term long setup, ETH has dropped back into the consolidation range seen in early …