The fall is today cryptocurrency It was painful for its investors, and liquidations of tens of millions of dollars occurred within minutes. Although BTC has returned to $92,000 for now, it has not even returned to the levels it lingered at at the end of the week. So, is this decline an opportunity for altcoins? How do popular analysts read the current situation?
Solana (LEFT)
Popular cryptocurrency analyst Scott Melker in his latest assessment SOL Coin He wrote that the price provides an important buying opportunity within the framework of technical analysis. However, he also pointed out an important detail and said that it would be like “catching a falling knife”. SOL Coin continues to linger at $177 at the time of writing.
“If you are a trader who pays attention to technical analysis, Solana is in one of the best risk/reward buying areas here. At support, the daily 200 MA is just below, easy to cut ties if it breaks below. Disclaimer: This might as well be catching a knife on your way to Hades. What do I know?”
Investors can buy the risk here by setting the stop zone correctly. However, in the scenario where the BTC price runs to deeper bottoms, the price of the purchase will be a loss. Cryptocurrencies are not a field where free money is distributed in any case, and high risks sometimes result in high rewards and sometimes huge losses.
Bitcoin (BTC) Comment
Found a buyer at $92,300 Bitcoin 
$92,802.9 (BTC) It reversed direction after making a quick bottom at $89.256. There is a slight recovery in altcoins after losses exceeded 10%. While there is about a week left until US President Trump takes office, the decline that came with the ETF approval last year is in the back of everyone’s mind.
StockmoneyL wrote the following in its last review:
“Just to be clear – BTC correction is not over. We will see resistance again at 92.5 and 93.2 thousand levels. A consolidation without new lows is likely for today. However, we have a high probability of shifting the bottoms a little more to capture the additional liquidity between 86 and 88 thousand in the coming days / weeks.”
Scott is BTC He wrote that recovery will begin from current levels and return to six-digit prices.
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.
