BTC The drop in price has been painful and it looks like a bottom has been made for now at $92,232. Altcoins that suffered serious losses took a significant blow with the BTCD increase. We said at the beginning of the week that the Fed’s 2025 projection would increase volatility. So, what are the experts’ current predictions for AVAX, BTC and ETH?
AVAX Analyst Commentary
Turkish followed around the world cryptocurrency from analysts Efloud about 1 hour ago AVAX He shared his current predictions for. BTC price At the same time, it is trying to get back $ 97,000, and it is hoped that the agreement on the US debt ceiling will support the markets in the following hours. If this happens, altcoins may perform well over the weekend.
In his evaluation today, Efloud shared the graph below and wrote:
“I wanted to update it because the analysis I quoted contains 500 likes and nearly 100 bookmarks. The price is about 11% above where I bought it. Stop->entry and/or taking some profit may be considered (depending on your risk appetite or current condition). “The lost support zone ($44.5) and the slightly upper parts will be the places where I want to take major profit from the parity.”
Bitcoin (BTC) and Ethereum (ETH)
Reaching the vital resistance level at $4,100 ETH could set the new ATH level. But he lost $3,800 painfully. The decline in BTC price interrupted the massive bullish story that was expected for ETH and altcoins more generally.
However, there is something that investors forget. Although intermediate declines can bring losses of up to 20 percent as long as the direction remains constant, they do not mean much on the weekly chart. Experienced traders know what this means, and we are yet to receive a confirming signal that the trend has turned downward. TraderMercury wrote the following for the altcoin king;
“I think this is the most important chart in the market right now. It determines the health of the altcoin market on a larger scale. Yesterday’s analysis was “hold here or we will go to 3 thousand dollars”. Well, it went up to $3,100 and now it wants to retest that zone.
Reclaim = Return signal.
Rejection = Only a handful of altcoins are running while the majority of the market is falling/floating.”
StockmoneyL latest analyst and BTC and his latest assessment of the market was;
“Following the volatility in the past few days, almost all leveraged longs have been stopped or liquidated. The pendulum is now swinging towards upward liquidity. “If I had to guess, I would say we are seeing a slow trend towards 100k, which is the main resistance at the moment.”
Disclaimer: The information contained in this article does not constitute 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.
