Category Archives: Altcoin

Bitcoin Price Back Over $40,000 as SOL and AVAX Lead Altcoin Recovery – Coinspeaker

While it is expected that the selling pressure will continue to ease as FTX is done selling its shares, large outflows from GBTC could result in further price declines in Bitcoin.

Bitcoin price is back above $40,000 after the top cryptocurrency plunged to a low of $38,550 on Tuesday following an increase in selling pressure. With several altcoins on the upswing, cryptos total market cap has recovered by over $30 billion since the price drop and now stands at $1.55 trillion.

Bitcoin underwent a relatively tame spike in price following the highly-anticipated approval of 11 spot Bitcoin Exchange Traded Funds (ETFs) by the United States Securities and Exchange Commission (SEC) on January 10. The digital asset settled around $43,000 for about a week before beginning a steady decline this past weekend that culminated in a dip to $40,000 on Monday. By Tuesday, Bitcoin was at a 7-week low of $38,550. This translated into a $10,000 drop from the peak of $49,000 reached on January 11 when the spot BTC ETFs hit exchanges.

According to CoinMarketCap data, Bitcoin is now trading at $40,070, up 3% over 24 hours. Its market cap is at $786 billion while its market dominance stands at 50.4%.

The price drop resulted in about $82.93 million in liquidations in the derivatives market as $55.52 million in long positions and $27.42 million in short positions were wiped out.

Experts attribute the drop in Bitcoins price to the Grayscale Bitcoin Trust (GBTC) redemptions by bankruptcy estates such as FTX. According to a CoinDesk report, since the GBTC was converted into an ETF earlier this month, $2 billion worth in shares have been dumped by investors. Private data seen by CoinDesk indicates that the FTX bankruptcy estate offloaded 22 million shares worth almost $1 billion.

Author and crypto expert Vijay Boyapati commented on the situation.

While it is expected that the selling pressure will continue to ease as FTX is done selling its shares, large outflows from GBTC could result in further price declines in Bitcoin.

Altcoins are also experiencing a resurgence following several nosedives on Tuesday. CMC data shows that his upward trend is being led by Solana, Avalanche, and Polkadot among the larger-cap cryptocurrencies. SOL is up 8.9%, trading at $87 while AVAX is up 11.8% at $31.3. DOT, ICP, and SHIB are up 6.4%, 11.64%, and 3.86% respectively.

Some lower- and mid-cap altcoins have displayed even higher gains. APT is up 10.30% along with TIA (13.76%), STX (14.15%), and INJ (7.31%).

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Bitcoin Price Back Over $40,000 as SOL and AVAX Lead Altcoin Recovery - Coinspeaker

Solana Price Plunges Another 4% But New Altcoin Bitcoin Minetrix Nears $10m Raised – CryptoPotato

Solanas (SOL) price has continued to slide this week, dropping another 4% over the past 24 hours to hit $82.60.

This decline comes amidst ongoing weakness in the broader crypto market, with Bitcoin (BTC) and Ethereum (ETH) also posting losses.

However, while Solana struggles, the new altcoin Bitcoin Minetrix (BTCMTX) has seen enormous success in its presale and is fast approaching the $10 million funding milestone.

Since hitting a high of $126.25 on December 24, the SOL price has declined sharply, now trading 34% below that level.

SOL has closed bearishly in three of the last four weeks and is trending towards another red close this week.

Looking at the technicals, a key catalyst for Solanas downfall appears to be rejecting the $126 zone as resistance.

This zone was tapped back in March 2022 and led to Solana shedding almost 95% of its value in the ten months that followed.

SOL holders hope a similar scenario doesnt play out this time, given the impressive run the token has been on.

The next key level that traders will be watching closely is $78, which acted as a minor resistance region in early December.

Should SOL return to this area, the hope is that it will act as support creating a base to stop the ongoing downtrend.

Despite Solanas recent slide, there hasnt been any major network issue or clear catalyst behind this latest selloff.

Instead, it appears tied to broader weakness across the crypto markets in the wake of spot Bitcoin ETFs being launched in the US almost two weeks ago.

Investors had piled into Bitcoin ahead of these landmark ETF approvals, sending the coins price to $49,000 on January 11.

However, investors began to take profits once the ETFs finally launched, triggering a wave of selling pressure across crypto assets.

Bitcoin has shed 19% from its peak, dragging down altcoins like Solana with it.

Additional pressure on SOL may have also come from investors taking profits after the tokens rise saw it briefly flip Binance Coin (BNB) in the market rankings.

So, while concerning for SOL holders, this latest dip seems driven more by external factors and market conditions rather than anything fundamentally wrong with Solana itself.

While Solana struggles with selling pressure, one crypto project continues to thrive Bitcoin Minetrix (BTCMTX).

Despite the broader crypto market weakness, Bitcoin Minetrix has seen enormous interest during its presale event, raising over $9.1 million so far.

The project is gaining attention for its innovative Stake-to-Mine model that aims to open up Bitcoin mining to a wider audience.

By staking BTCMTX tokens, users can earn mining credits to access cloud mining power and receive BTC rewards.

This eliminates the need for technical expertise and costly mining hardware, which have previously created barriers to entry for everyday investors.

Bitcoin Minetrixs staking protocol has also fueled enthusiasm, with yields exceeding 70% per year for early participants.

As the project approaches its official launch date, Bitcoin Minetrix also recently hit a key milestone, ranking second on the popular ICO analytics site CoinSniper.net.

These factors have already helped the project form a solid community, with hundreds of people joining the official Telegram group daily.

With accessible mining, attractive staking incentives, and continued developmental progress, its no surprise that Bitcoin Minetrix is thriving even as major cryptos like Solana slide.

As the presale event rumbles on, the $10 million milestone seems within Bitcoin Minetrixs reach setting the stage for a highly-anticipated exchange launch later this year.

Visit Bitcoin Minetrix Presale

Disclaimer: The above article is sponsored content; its written by a third party. CryptoPotato doesnt endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

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Solana Price Plunges Another 4% But New Altcoin Bitcoin Minetrix Nears $10m Raised - CryptoPotato

Trader Predicts Deep Correction for Solana Rival, Updates Outlook on Privacy-Focused Altcoin – The Daily Hodl

A widely followed analyst believes that a Solana (SOL) competitor is primed for deep retracement after rallying by about 90% in just a month.

Pseudonymous analyst Altcoin Sherpa tells his 205,800 followers that the native asset of the layer-1 blockchain Sei (SEI) looks ripe for a 30% retracement.

According to the analyst, he feels confident that traders will have a chance to accumulate the altcoin at the 0.50 Fibonacci level around $0.48.

The reason is that the first 0.382 Fibonacci area around $0.58 already got tapped before and that had a strong reaction. That said, I think that were going to eventually see lower levels. Not one to buy in the short term personally.

At time of writing, SEI is trading for $0.679.

Looking at the privacy-focused crypto project Manta Network (MANTA), the trader thinks that the altcoin is likely headed to lower levels.

MANTA: aping into new coins is probably a decent idea for Binance. This one has a decent amount of TVL (total value locked), but I wouldnt buy until the low $2s personally.

At time of writing, MANTA is trading for $2.24.

As for Bitcoin (BTC), Altcoin Sherpa thinks that BTC will likely move below its key psychological support at $40,000.

BTC this area ($41,600) is still support for now but the next area up would be $36,000. Lots of confluence with 200-day EMA (exponential moving average), 0.382 Fibonacci [level]/support. Those make it a very easy long, in my opinion.

At time of writing, BTC is worth $41,744.

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Trader Predicts Deep Correction for Solana Rival, Updates Outlook on Privacy-Focused Altcoin - The Daily Hodl

Under-the-Radar Altcoin Skyrockets by Nearly 210% After Teasing Launch of New Crypto Solution on Social Media – The Daily Hodl

An under-the-radar altcoin skyrocketed by nearly 210% between Thursday and Friday this week after the project teased the launch of a new crypto solution.

UMA is an optimistic oracle and dispute arbitration system that aims to serve as a decentralized truth machine.

The 156th-ranked crypto asset by market cap was trading around $2.01 on Thursday and then exploded in price to a high of $6.22 at one point on Friday, a staggering increase of 209.45%.

The token has since partially retraced and is trading at $4.51 at time of writing.

The assets massive gains materialized as UMA teased a new product that would reclaim the tens of millions of dollars lending protocols lose each year to maximum extractable value (MEV).

Neither the project nor its founders provided many details on the upcoming rollout:

Next week, UMA is launching something that will elegantly reclaim >$100 million of free money lost each year to MEV.

MEV is a strategy to milk as much additional profit as possible from the production of a new block (outside of gas fees and block rewards) by messing with the order of transactions, according to Binance Academy.

Explains Binance,

Block producers are best placed to do this as they have the ability to select and order transactions.

However, other network participants (known as searchers) can also pay fees to place transactions should they see an MEV opportunity, such as arbitrage, front-running, or liquidation. MEV is most often found in smart contract-enabled networks where blockchain transactions include more complex information.

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Under-the-Radar Altcoin Skyrockets by Nearly 210% After Teasing Launch of New Crypto Solution on Social Media - The Daily Hodl

Which Top Altcoin To Buy For The Bull Run Today: LINK, SHIB, LUNC – CoinGape

The crypto market is dumping immensely following in the Bitcoin price footsteps as it sinks below $40,000. Since the spot BTC ETFs went live in the US, it has been a massacre for the largest crypto and the top altcoin alike.

Somebest crypto-to-buymajors like Ethereum, Solana, and XRP took a significant hit, plunging to $2,212, $80, and $0.5, respectively.

Often downturns in markets offer previously sidelined investors a chance to dollar-cost average (DCA) and book cheaper positions, which had been missed during previous rallies.

Some of the top altcoins standing out on January 23 like Chainlink (LINK), Shiba Inu (SHIB), and Terra Classic (LUNC) could offer once-in-a-lifetime opportunities, considering the growing expectations of a bull run in 2024 and 2025, courtesy of the upcoming halving.

Recommended:Crypto Price Prediction For January 23: ETH, XRP, MANTA

Chainlink has always been a big contender among altcoins bolstered by its role as the most prominent Oracle provider. The crypto project is also having a blast supportingReal World Assets(RWAs) a new sector with great potential in the future as crypto becomes mainstream.

However, like many of its peers, Chainlink price tumbled from highs recently achieved slightly above $17 to $13.6 due to the widespread drawdown in the market.

With support at $14 turning into an immediate resistance, the downtrend is expected to carry on.

Already bulls seem overpowered due to falling Chainlink below two key moving averages; the 20 EMA (blue) and 50 EMA (red). LINK also risks breaking out of the rectangle pattern and adding to the sell-off.

On the bright side, these dips can serve as potential entry positions as LINK has exhibited resilience and the ability to recover even after extensive pullbacks. Support could come in handy at $13 (rectangle support), the 200 EMA at $11.52, and if push comes to shove at $10.

The second-largest meme coin has not mirrored the spectacular rally in 2021 that saw it hit a new all-time high of $0.000086. With recovery becoming elusiveShiba Inu, movements were confined between resistance at $0.000018 and $0.000006 for about two years.

This ongoing sell-off is exerting pressure on key support areas within the range, for instance, $0.000008, considering SHIB is trading at $0.0000084 at the time of writing.

If the negative outlook is not handled andShiba Inu pricebegins to roll back up again, it would not be prudent to rule out a further decline to support areas $0.000007 and $0.000006, respectively.

Employing a DCA strategy with these key levels, investors can identify key buy-the-dip opportunities and capitalize on them as the crypto market generally recovers.

Terra Class performed commendably well in Q4 2023, rising from $0.000055 in October to $0.00027 in early December. In addition to the generally bullish crypto market during this period, the ecosystem voted to pass key proposals seeking to improve the outlook of tokens such as LUNC andUSTC.

This supplied both the tokens with liquidity to sustain the rally, hence the spike in Q4.

Now that the path of least resistance has shifted downwards withTerra Classicbleeding to $0.000089, it could be a good time to look out for possible trend reversals as key support areas like $0.00007, $0.00006, and $0.000055.

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Which Top Altcoin To Buy For The Bull Run Today: LINK, SHIB, LUNC - CoinGape

Weekly Cryptocurrency Market Analysis: Altcoins Fall Into A Bearish Trend Zone, Which May Lead To Selling Pressure – CoinIdol

The rejection has caused altcoins to fall below moving average lines, potentially leading to further selling pressure. We will talk about a few different cryptocurrencies.

The SATS (1000SATS) price has fallen below the moving average lines. In recent price activity, the altcoin has been in an uptrend, reaching a high of $0.0009430 on December 15, 2023. The price of the cryptocurrency fluctuated and tested the barrier at $0.0009400 three times but was rejected. Buyers failed to keep the price above the resistance level of $0.0009000. The altcoin is trading at $0.0003987 after falling below the moving average lines. The decline could slow down as the market reaches an oversold condition. The worst performing altcoin is SATS. Below are some striking characteristics:

Current price: $0.0003958

Market capitalization: $831.13M

Trading volume: $61.75M

7day gain/loss: 32.64%

ORDI (ORDI) has fallen below the moving average lines after a recent rise. The cryptocurrency has been in an uptrend since October 18, 2023. On January 2, 2024, ORDI rose to a high of $91.88. Doji candlesticks appeared, which stopped the rise. These candles indicate the disinterest of buyers and sellers in the direction of the market. Today, the altcoin has fallen below the moving average lines and are trading at $53.89 at the time of writing. The decline has slowed since its initial plunge to a low of $51 on January 23, 2024. According to these parameters, ORDI ranks second among cryptocurrencies.

Current price: $53.70

Market capitalization: $1,127,786,796

Trading volume: $209,791,513

7daygain/loss: 26.73%

The price of Sei (SEI) is in an uptrend but has fallen within the moving average lines. In the previous trend, the altcoin was in an uptrend with a series of higher highs and higher lows. On January 3, SEI rose to a high of $0.88 but encountered resistance. Buyers were unable to sustain the positive momentum above the $0.90 level. The altcoin has fallen below the 21-day SMA but remains above the 50-day SMA. SEI/USD is now at $0.61. The cryptocurrency will perform once the moving average lines are broken. SEI's performance has been rated as the third worst. It has the following characteristics:

Current price:$0.6177

Market capitalization: $6,176,967,498

Trading volume: $315,062,139

7Day gain/loss: 23.25

WOO (WOO) is on an upswing, recovering from the previous decline. The upward correction has reached a plateau at $0.50. The price of the cryptocurrency consolidated below the recent high before falling below the moving average lines. On January 23, 2024, WOO fell to a low of $0.32 before recovering. The extended candlestick tail at the current support level signals significant buying at lower price levels. In the negative case, the altcoin will fall to $0.30 before recovering to the upside. WOO is now the fourth worst performing cryptocurrency. It has the following characteristics:

Current price:$0.3409

Market capitalization: $760,352,985

Trading volume: $17,271,271

7day gain/loss: 21.61%

NEAR Protocol (NEAR) has reversed its previous downtrend. The altcoin's uptrend has ended as it has risen to a high of $4.50. The cryptocurrency value has fallen below the moving average lines and reached a low of $2.45. The altcoin fell back above the support level of $2.60 and resumed consolidation. The previous breakout level now serves as current support. The uptrend will continue if the current support level is maintained. If the current support is broken, NEAR could fall to $2.00. For the reasons listed below, NEAR is the fifth worst performing coin.

Current price: $2.65

Market capitalization: $2,645,289,528

Trading volume: $166,907,026

7day gain/loss: 19.46

Disclaimer.This analysis and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.

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Weekly Cryptocurrency Market Analysis: Altcoins Fall Into A Bearish Trend Zone, Which May Lead To Selling Pressure - CoinIdol

Crypto Analyst Reveals Top Altcoins To Buy Amid Market Slump – NewsBTC

In a new video update, renowned crypto analyst Michael van der Poppe dissected the current dynamics of the crypto market, emphasizing the potential of select altcoins. VVan der Poppes analysis provides a strategic viewpoint for potential investors, focusing on the intricate relationship between Bitcoins (BTC) price movements and the broader altcoin market.

Van der Poppe started by acknowledging the mixed performances among altcoins, with some consolidating, others correcting, and a few showing remarkable strength. The crux of his analysis hinges on the intricate relationship between Bitcoins market behavior and the resultant impact on altcoins.

He highlighted the current consolidation phase of Bitcoin, noting, Bitcoin is currently looking at a case of consolidating which means that if Bitcoin is bottoming out that can be the kickstart of altcoins to start firing up.

Furthermore, the crypto analyst delved deep into market capitalization metrics, particularly emphasizing the Total 2 market cap (excluding Bitcoin) and Total 3 market cap (excluding Bitcoin and Ethereum), to underscore the latent potential in altcoins. He pointed out, We are at the levels of March 2022 the total market cap lagging says that we are looking at a case of other cryptocurrencies to start trending outside of Bitcoin.

The first altcoins which van der Poppe picked is Ethereum. He linked ETHs price movements with broader market events, including the Bitcoin halving and potential regulatory approvals and suggested, Ether is always going to pick up in a pace that is due to a period of consolidation of Bitcoin.

He added with regards to the final SEC deadline for an spot Ethereum ETF approval in the US, the actual date that we need to focus on is May, which probably is going to lead into such a momentum towards these highs.

With regard to a possible price target in this bull run, the analyst revealed: I think that at this point ETH is still going to continue running towards the area of 8K and were going to find ourselves into a top at that specific level.

With respect to the 1-week ETH/BTC chart, van der Poppe remarked, Were seeing one crucial level that we need to break through 0.06. If we do, I think the range high at 0.0838 is going to be the target. As a matter of fact you can actually say $130 billion needs to be added towards Ethereum. Its a rally of approximately 43%.

Van der Poppes second pick is Chainlink. Highlighting LINKs technical patterns and its correlation position against BTC in the weekly chart, Van der Poppe highlighted that LINK hit resistance at 0.000448, dropped back down towards 0.0002843 and is now consolidating.

Once this is finished, he expects Chainlink to rally towards the resistance and start breaking out of this level towards the highs at 0.0009 to 0.0010. He added, In terms of BTC value, its very likely that its going to do a 2x, emphasizing the potential for significant growth.

In USDT terms, this would mean that LINK goes to $17 to $18. From $17 to $18, you need to do 2X, which is this range high, which is this level, which we can expect Chainlink to go to before we have a pretty substantial correction in the entire market, he added.

The analysts third altcoin is Arbitrum. Focusing on ARBs recent price actions and potential for a significant rally, Van der Poppe identified key entry points, stating, Anywhere in this ballpark between $1.67 and $1.50 is where you want to get yourself into an entry point. He underlined the potential growth, saying, If theres going to be another impulse taking place, it is going to $3.50 or $5.

At press time, the total crypto market cap stood at $1.473 trillion after being rejected at the 0.382 Fibonacci retracement level.

Featured image from iStock, chart from TradingView.com

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Crypto Analyst Reveals Top Altcoins To Buy Amid Market Slump - NewsBTC

3 cryptocurrencies to turn $10 into $1,000 in 2024 – Finbold – Finance in Bold

As the cryptocurrency market attempts to put behind the recent bearish sentiments, several projects are poised to yield profits on a modest investment. A prevailing consensus suggests that the crypto market, spearheaded by Bitcoin (BTC), will likely experience a rebound.

Market participants anticipate that factors such as the Bitcoin halving, the recent approval of a spot Bitcoin exchange-traded fund (ETF), and a potential similar product for Ethereum will catalyze a long-term rally.

In the meantime, analysts are also projecting a rebound in the altcoin market, noting that positive sentiments in the market will likely drive buying pressure.

In line with this perspective, Finbold has identified three cryptocurrencies that hold the potential to help investors turn a $10 investment into $1,000 in 2024.

Avalanche (AVAX) has established itself as a formidable player in decentralized finance (DeFi). Recognized for its high throughput and low transaction fees, the Avalanche platform is pivotal for developers and users.

Over the past year, Avalanche achieved significant milestones on multiple fronts. Notably, its valuation surged towards the end of the year, targeting the $50 resistance. At the same time, the platform forged partnerships, including notable collaborations with the gaming company BLRD and Amazons (NASDAQ: AMZN) AWS, a positive factor for price growth.

With the ecosystem expanding and more projects building on Avalanche, a $10 investment could yield substantial returns as the platform gains widespread adoption.

By press time, AVAX was trading at $31.86, registering daily gains of almost 7%. However, on the weekly chart, AVAX experienced a 4% decline.

Often touted as the Ethereum (ETH) killer, Solana (SOL) has gained prominence with its high-performance blockchain. Boasting impressive transaction speeds and low fees, the Solana network is a key platform for decentralized applications and smart contracts.

Notably, in 2023, SOL surpassed the $100, driven by the fear of missing out (FOMO) surrounding Solanas SPL token airdrops. The rally indicates the token still has the potential for further upside. Additionally, Solana is showing high investor interest as the platform plans to launch a second new smartphone, building on the success of its initial crypto-ready device. With positive market sentiments, Solana will likely rally toward its last all-time high of over $200.

A $10 investment in Solana could witness growth, particularly as more developers and users join its ecosystem.

By press time, Solana is trading at $90.99, having rallied over 4% in the last 24 hours.

Polygon (MATIC), a layer-2 scaling solution for Ethereum, has become a key entity in enhancing the scalability and user experience of the Ethereum network. With the escalating demand for decentralized applications on Ethereum, Polygons infrastructure offers a viable solution.

Given the array of projects building on its platform, a $10 investment in Polygon could capitalize on the networks increasing importance in the broader blockchain landscape.

MATIC had recorded weekly losses of about 4% by press time, while on the daily chart, the token was up 3%, trading at $0.75.

Finally, although these projects present exciting opportunities with strong fundamentals, its crucial to note that their success will largely depend on overall market sentiments.

Disclaimer:The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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3 cryptocurrencies to turn $10 into $1,000 in 2024 - Finbold - Finance in Bold

Crypto Markets Likely To Go Ballistic in 2024 With Altcoins Outshining Bitcoin: Analyst Jason Pizzino – The Daily Hodl

Analyst Jason Pizzino thinks altcoins could outshine Bitcoin (BTC) this year as the crypto markets anticipate two potential bullish catalysts.

In a new YouTube video, Pizzino tells his 307,000 subscribers that two massive events for the crypto space are coming up this year: the Bitcoin halving and the US presidential election.

Pizzino thinks the halving, which is currently slated to happen on April 18th, could pause any ongoing correction. He thinks the election, however, could be an even bigger event for the crypto space.

What weve seen from the [elections in the past is its] when the markets go ballistic. Sometimes a month or two earlier, sometimes right on that period. So stay alert coming into quarter three of 2024.

The analyst sees Bitcoin correcting to around $37,000 in the short term. BTC is trading at $39,922 at time of writing and is down about 3% in the past 24 hours.

Pizzino thinks BTC and Ethereum (ETH) are primed to experience gains this year, but he also thinks altcoins will outperform the top two crypto assets later in the bull market cycle.

Like weve known leading into this year of 2024, that its more probably likely going to be a better altcoin opportunity for the next stage of the cycle. Bitcoin is going to have gains. I suspect Ethereum will have gains but obviously [altcoins] are going to have even bigger gains. That should be a given by now.

I

Generated Image: Midjourney

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Crypto Markets Likely To Go Ballistic in 2024 With Altcoins Outshining Bitcoin: Analyst Jason Pizzino - The Daily Hodl

BTC to $120,000: Top Trader Henrik Zeberg Shares Epic New Bitcoin Price Prediction By U.Today – Investing.com

U.Today - In a recent market analysis, renowned trader and financial market analyst Henrik Zeberg has set the crypto community abuzz with his new epic price prediction. According to Zeberg, Bitcoin has embarked on a trajectory that could see it soar to $120,000.

Known for his accurate forecasts, the expert draws parallels between current market conditions and previous instances in 2017 and 2020, highlighting a striking resemblance in the current correction phase. With an optimistic tone, he speculates that history will repeat itself in 2024, anticipating a bullish surge in Bitcoin's value.

Backing his prediction with a detailed Bitcoin price chart, Zeberg illustrates the patterns and key levels supporting his optimistic outlook. The chart serves as a visual representation of the trader's analysis, providing a comprehensive overview of a potential upward trajectory for the leading cryptocurrency.

Source: Negentropic

In an unexpected twist, Zeberg foresees a period where altcoins could outshine BTC on the market. Anticipating an altcoin season, he suggests that the rally led by Bitcoin may be surpassed by altcoins, ushering in a phase of increased bullishness and FOMO.

If history repeats itself, crypto enthusiasts may witness a remarkable surge to $120,000, reshaping the landscape of the market in the coming months.

This article was originally published on U.Today

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BTC to $120,000: Top Trader Henrik Zeberg Shares Epic New Bitcoin Price Prediction By U.Today - Investing.com