Bitcoin (BTC) $63,882 price It has been holding above $63,000 for a long time and the outlook for cryptocurrency investors is positive. Many developments are in favor of investors and historical data supports expectations. Today we will examine the current predictions of 4 different popular cryptocurrency analysts. One in particular says that the routine will be broken in this cycle.
Cryptocurrency Bullish Predictions
After the halving in classic cycles BTC breaks all-time records within a certain period of time and after BTCD sees the peak, altcoins open up room to rise. BTC saw the peak early in this cycle but did not experience a similar increase to the previous cycle ATHs. Cryptocurrency analyst Trader XO said in his latest market assessment that the routines will be broken in this cycle and wrote the following;
“I disagree with the idea that Bitcoin will run first and altcoins will follow this cycle. This cycle has changed with both Bitcoin and altcoins rising together in late October 2023 (post-QRA).
If Bitcoin makes a rally and sustains it, I believe certain altcoins will rise accordingly.
“Ultimately it’s just an opinion and I think the dynamics have changed significantly. Price action/flow etc… is what really matters and will tell you what you need to know.”
Analyst with the pseudonym Doctor Magic shared the chart below and wrote that he expects altcoins to outperform Bitcoin on the rise.
Bitcoin and Crypto Predictions
Doctor Magic was the fifth and wild card analyst, now let’s take a look at the other 3 cryptocurrency commentators’ predictions today. Daan Crypto Trades points to the upcoming breakout in the market. Binance Focusing on the liquidity situation in the order book, the name says that a good amount of selling has accumulated in the key area, which supports the story of a breakout at $65,000. If the bulls can break this level, rapid peaks can be seen.
Ali Martinez in the last 24 hours Bitcoin draws attention to the intense sales made by whales. Whales, who made sales worth $ 1.28 billion, still cannot keep the BTC price below $ 63,000. Although this situation is positive for those expecting an increase, it also confirms how challenging the sales liquidity concentrated at $ 65,000 can be.
The latest analyst Crypto Tony and altcoins drew attention to the turning point in the total market value. The name that announced that it made more purchases due to the reaction and jump in the chart seems confident about the rise.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
