Bitcoin (BTC) $97,667.7 price At the time of writing, it fell to $ 97,400 and attempts at $ 98,700 seem to have stopped for now. This slight pullback is not good news as the price of altcoins has also fallen. So what are the expectations for altcoins? How many dollars is APT Coin? Let’s take a look at the market comments of different analysts today.
Altcoin Rise Depends on This
altcoin What is falling as prices rise in bulls is the Bitcoin market dominance rate. This indicator, identified as BTC.D, tracks the ratio of the king cryptocurrency to other assets. This is exactly the chart followed by investors who are eagerly waiting for the altcoin to rise. Cryptocurrency analyst with the pseudonym Nuevo wrote the following for BTC.D:
“Here we go… Is it happening?
A slight deviation above the red line of 61.55 (up to 61.83%). This indicates a better outlook, potentially indicating a reversal and a downtrend up to at least 52%, with the possibility of reaching 48%. “The next thing we need to see is a break of the weekly EMA50.”
Crypto Bullet is APT Coin He shared his personal evaluation. The analyst who wrote in the chart below that the current formation targets $22 may be right if BTC.D loosens.
Bitcoin (BTC) Comment
The short-term outlook points to uncertainty in markets with no volume due to the weekend. BTC price It is approaching the $97,000 bottom, which is depressing for altcoins. Moving away from the peaks of the last 24 hours altcoins If it hosts panic selling, the weekend may not end well in crypto.
Sharing the chart above, the analyst with the pseudonym Daan Crypto Trades said that investors looking for excitement still have time.
“In altcoins A little more volatility was to be expected, but even that part of the market was pretty slow this weekend. Markets still need some time to get back into action after the holidays.
“Once everyone is back at work, I think next week will be interesting as economic data will start to emerge again and we will have the first full trading week of 2025.”
We will see many important data announced in the coming days, from Fed minutes to employment data.
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.
