cryptocurrency Volatility in the markets continues and altcoins have made significant gains in recent days. Since BTC has not yet reached its true peak, it is difficult to say that altcoins have reached their true potential. But the continued volatility is promising. So, what are the experts’ latest predictions for SHIB, ETH and BTC?
ETH and SHIB Comment
At the time of writing, ETH, the largest altcoin by market cap, is stalling at $3,590. Since permanent closures above $ 3,800 have not started yet, it is difficult to talk about a clear return for altcoins in general.
According to the chart shared by Jelle a few hours ago, the price started to close above the key area that needs to be overcome and is preparing for new highs.
“Resistance is turning into support and paving the way for higher levels.”
The analyst’s expectation is that the price will exceed $ 6,150 in the scenario where the real big rise begins.
TraderSZ shared below: SHIB He expects the rally to accelerate if $0.00002942 is exceeded on the chart. At the time of writing, Shiba Coin, the second largest meme coin, was just below this key threshold. The first big target in the possible rise is $0.00003523.
Bitcoin Comments
Crypto Rover coming soon BTC It expects the price to test $102.349 as resistance. However, for this, BTC must be able to continue closing above $91,050. Then, the targets of $ 110,394 and $ 131,928 may come to the agenda.
Daan Crypto Trades drew attention to the risk of a sudden decline in an environment where strong long position demand cannot be met in price. Explaining the current situation, the analyst evaluates the possibilities.
“Bitcoin
$96,937 currently traded at perpetual premium; This means that longs pay shorts to keep their positions open. This is generally good during a major bull trend and when the price is close to discovery, but at some point you want to see the price move.
Every day it doesn’t move, these longs continue to pay out funding rates, which can cause them to start closing over time. This will remove some foam on its own, but if done at a larger size it may cause us to see a bit of a long squeeze. (As positions are closed, the decline accelerates, and as the decline accelerates, more positions are closed.)
For now I’m just calm and waiting for the next move.”
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.
