Bitcoin $96,632.0 As it continues to fluctuate between $97,650 and $96,000, altcoins are trying to keep up with this dizzying volatility. ETH At the time of writing, it is sold for $3,439. So, what do experts’ evaluations of today’s cryptocurrency indicate in the short term?
Will Altcoins Rise?
Technical analysis does not show the future, but investors are expected to follow certain structures and prepare their psychology accordingly and direct the price by moving in this direction. There are great expectations from cryptocurrencies in the first quarter. If Trump starts to take big steps towards confirming expectations, the news flow in crypto after January 20 will be very supportive for the bulls.
This news feed support will be extremely useful from all the technical setups mentioned below. Altcoins In the days when they ran together to an all-time record level ETH ATH tends to occur. In his last assessment today, Carl wrote that the price, which is about to break away from the symmetrical triangle, targets $ 3,900.
Based on historical data, the analyst nicknamed Yoddha Ethereum 
$3,464.0 (ETHHe mentions that ) is running to a new all-time record level. Even the five-figure prices here seem optimistic because the target is close to $20,000.
Bob Loukas updated his outlook for BTC after a long time and wrote:
“Bitcoin appears to confirm a new 60-day cycle. If it can stay strong today, it will leave a 56-day cycle behind. The question then becomes: Was the -15% drop in just 3 weeks enough to reset the Longer Weekly Cycle? Or do we need to experience a decline for 2 months first?”
The analyst is targeting above 110 thousand dollars here.
How Much Will There Be in Gold?
The dollar index has been strengthening for a long time, and the fact that there will be fewer interest rate cuts this year has also affected precious metals such as cryptocurrencies. Gold with BTC and hence it is also important to monitor how this yellow coin is doing as the rest of the cryptocurrencies share positive correlation.
Bob Loukas shared the chart above and said that we are in the early to mid stages of a major bull market for precious metals. He expects to see more gains at this stage.
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.
