cryptocurrencies The new week started well for Bitcoin and $64,586 The price continues to hold above the key $65,000 level at the time of writing. Altcoins gained 5 percent or more. It is very positive that volumes are increasing along with prices. So, what are the analysts’ latest comments for ETH, BTC, SOL and XRP Coin?
Bitcoin and ETH Predictions
for more than 6 months cryptocurrency Markets are not moving in the direction investors want. Although cryptocurrency investors held their breath every time BTC attempted $65,000, it resulted in constant disappointment. Of course, we gradually saw that each slap further reduced the risk appetite in altcoins.
The negative impact on risk appetite paved the way for altcoins to remain at significantly low levels even in the last quarter. So will Bitcoin succeed this time? Michael Poppe in his final evaluation BTC He wrote the following for:
“Bitcoin is breaking upward. We should move upwards and continue to rise in the coming weeks. But before that, I suspect we will experience further consolidation before moving on. This is just a replication of 2023.”
For altcoins to experience a significant rise, ETH bulls must start a rally. Carl believes this will begin soon with the breakout in the technical formation.
“Ethereum
$2,526 can come out of this Symmetrical Triangle at any time! “Goal is $3,400.”
The third analyst, nicknamed Feyronn, is also optimistic for ETH and shared the chart below, saying “Gotham needs a savior.” The analyst wrote that the 2,700, 2,800, 3,000 dollar regions should now be exceeded.
XRP and SOL Coin Predictions
In these bull markets too (if we start) XRP Coin It may see limited growth due to its legal issues. The burden of 6% annual token inflation and the litigation that is likely to continue in the court corridors for another year may negatively affect risk appetite. The main problem here is the risk that decisions in favor of XRP Coin will be overturned during the appeal process. This may limit investor appetite.
Although Tony mentioned a few hours ago that he could take a long position above $0.66, the price is well below this key zone.
The altcoin in focus of the fifth and last analyst solana (LEFT) and the analyst nicknamed Phoenix are expecting a new move to the $210 breakout level.
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.