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Bitcoin Price Forecast: This $370M Signal Suggests Altcoins Could Outperform BTC This Week

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Summary
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71% Informative

Bitcoin price plunged to a 3-day low of $ 95,800 on Monday, Feb. 17 , despite prominent altcoins advancing.

Bitcoin short leverage positions have exceeded long positions by $120 million , raising concerns that market momentum may tilt bearish.

Bitcoin Dominance (BTC.D) has declined 3% in the last 10 days , signaling that investors are redirecting capital towards altcoins as BTC price stagnates.

The declining MACD line at -1,066.64 supports this outlook, hinting at further price erosion unless buyers regain control.

A countertrend bullish scenario could emerge if Bitcoin stages a rebound above the 50-day SMA .

A strong recovery would need to clear resistance at $ 98,800 to negate further losses.

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