Bitcoin price is stalling at $60,900 at the time of writing. So will the decline continue? We can get an idea of the short-term outlook by looking at the evaluations shared by different analysts in the last few hours. In particular, examining different opinions gives us the opportunity to notice details that we do not see in the current market environment.
Bitcoin Price Prediction
Bitcoin (BTC) 
$60,521 While stalling at $65,000, crypto analyst Roman pointed out the possibility of a decline. It happened as he expected and he says the decline may still continue. The scenario of a drop to $57,000 is based on the chart below.
“I’m still following my plan up to the $57k region.
However, I’m not closed to the idea of a new setup until the fall. “I need to see better signs because there is a distinct possibility of consolidation at lower levels on the 4-hour chart.”
Ali Martinez also pointed out $60,365 as the key level.
“If BTC falls below this level, we could see a drop to $57,420. But if BTC holds, a recovery to $63,300 is on the table. All eyes are on $60,365!”
Bitcoin price Mustache made the final evaluation for today. He, too, is waiting for a recovery, just like Ali Martinez.
“Bitcoin is slowly reaching a significant support level.
-EMA 200 (D)
-Retesting the triangle that appeared before.”
Ethereum Price Prediction
Altcoins Those who are curious about overall performance predictions should take a look at ETH charts. Big rises in altcoins happen when the ETH rally begins, and ETH suffered serious losses in line with the overall market. Michael Poppe described the chart as “disgusting” in his review today.
“Ethereum
$2,336‘s situation against Bitcoin is the most disgusting chart I’ve seen in a while.
ETH is growing significantly on a fundamental basis but is failing to gain any momentum. It was rejected again at a significant level and returned to lower levels. What’s next? Let’s see what happens after testing the lower levels.”
Besides the Fed’s interest rate cuts, we have not yet seen large capital inflows into the cryptocurrency markets. Speculative movements in futures continue to fluctuate the markets due to weak volumes and order books. This means that our chances of a sudden upward break are not that strong in the short term. cryptocurrencies It needs a price catalyst to support risk appetite.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
