Bitcoin's current market structure is similar to its setup before reaching its all-time high in November 2021, suggesting a potential bullish trajectory for the leading cryptocurrency, according to crypto expert Credible Crypto, who believes a breakout from the accumulation range could lead to a 120% rally and new all-time highs this year. However, a drop below $24.8k would invalidate this prediction.
Bitcoin and Ether rose over 3% to reach their highest prices in a week, while Solana, NEAR, Cardano, Polkadot, and Binance's altcoins also experienced gains, following a surge in traditional markets; however, experts predict that the downtrend in digital assets may continue for the next few weeks.
Crypto data platform Santiment suggests that the right time to accumulate Bitcoin and altcoins is when trader sentiment on major social media platforms is neutral, indicating a lack of optimism or pessimism.
Bitcoin and altcoins are currently in a ranging market, with uncertainty about the next directional move, making it advisable to wait for a breakout before placing large bets.
Bitcoin has made a significant move upwards, approaching $27,000 after days of stagnation, although other cryptocurrencies such as SOL, ADA, TON, and MKR have outperformed it.
Bitcoin and other cryptocurrencies are on the rise, driven by an optimistic market sentiment and positive earnings from Nvidia.
Key social metrics suggest that cryptocurrency markets may soon rebound, as the use of the term "bear market" has reached an 11-week high on social media platforms, which historically indicates that price rises are likely; additionally, deep-pocketed investors are accumulating Bitcoin again, contributing to a recent rally.
Bitcoin remains on track for a massive bull cycle despite recent price decline, as indicated by broader indicators of its price patterns and the use of logarithmic growth curves. The 200-week moving average is seen as less significant as a key price support level for Bitcoin, and the analyst is also looking for an entry point for Ethereum.
Altcoin Pepe has seen a significant drop against Bitcoin, leading crypto strategist Credible Crypto to warn of potential similar price declines for other altcoins, while also predicting a rise in Bitcoin's dominance in the market.
Altcoins in the top 100 are struggling to recover, but three undervalued cryptocurrencies (AUCTION, LINA, and SRM) offer traders a buying opportunity, according to on-chain analysts at Santiment.
Following Bitcoin's recent price fluctuations and failure to meet short-term bullish expectations, the altcoin market is expected to have a substantial recovery rally in the coming week, with Ethereum, Litecoin, and Shiba Inu potentially leading the way.
The cryptocurrency market has experienced a recent decline in prices, particularly for Bitcoin, Ethereum, and Dogecoin, leading to concerns among traders and investors. Despite this, there is optimism surrounding the performance of the top 5 altcoins (DOGE, SHIB, SFP, OCEAN, FET) in the coming weeks, with AI-driven projects generating hype and potential gains.
Bitcoin's velocity has decreased to a 3-year low, potentially suggesting that whales are holding onto their positions rather than transferring ownership to new investors. Meanwhile, select altcoins like Toncoin, Monero, Mantle, and Quant are showing signs of strength and could present short-term trading opportunities depending on Bitcoin's next move.
Crypto analyst Michaël van de Poppe suggests that altcoins, including Ethereum, are following a historical pattern before Bitcoin halving events, indicating a potential bullish move in the market.
Bitcoin is likely to experience a deep corrective move in September, with a potential drop of over 10% from current levels, according to crypto strategist Benjamin Cowen, who also suggests that the altcoin markets may see a resurgence next year due to a confluence of macro tailwinds.
Some altcoins like OKB, Ocean Protocol (OCEAN), Bitcoin Cash (BCH), and Toncoin (TON) show potential for bullish trends in September, with OKB potentially hitting a new all-time high at $72.10. However, a breakdown in the support areas could result in bearish trends for these cryptocurrencies.
Five altcoins, including DODO, MASK, MAGIC, GALA, and SRM, are identified by Santiment as having potential for significant growth based on their current market conditions.
The top crypto exchanges in the world are dominating the market, with the eight largest platforms accounting for over 91% of market depth and 89% of trading volume, according to crypto insights firm Kaiko. Binance remains the leading exchange, with a market share of 64.3% in 2023, but liquidity is concentrated within a few exchanges, leading to concerns about decentralization. Altcoin liquidity has also suffered due to regulatory issues in the US, with Coinbase, Kraken, and Bitstamp holding the majority of altcoin liquidity.
The price of Bitcoin is slightly lower but still up 2% from a week ago, as concerns over a potential market dump by FTX are mitigated by positive news from Franklin Templeton and Deutsche Bank, although altcoins show weakness.
Enterprise-focused altcoin VeChain experiences a surge in value following its listing on Coinbase, rising 17.8% in one day, with its associated gas token VeThor also increasing by 85% after the news.
Bitcoin and other cryptocurrencies have seen a rise in price as traders anticipate a potential macroeconomic catalyst that could lead to a significant movement in the market.
Altcoins are expected to struggle for the rest of 2023 based on historical patterns, according to crypto analyst Benjamin Cowen, who also warns that Bitcoin may close the month in the red as it did in 2019.
Bitcoin and other cryptocurrencies are experiencing a decline in prices due to a strengthening dollar and risk-aversion, but there is hope for a rebound.
Bitcoin may be heading for a further price decline according to a top trader who previously predicted the cryptocurrency's 2018 bear market bottom, citing a bearish lower-high setup and an ABC corrective move that could push Bitcoin down to $23,800.
Bitcoin's price has fallen in the third quarter of 2023, but a positive monthly close in September suggests a potential recovery, and altcoins are also showing signs of strength, with Bitcoin's relief rally potentially reaching $28,000.
Ethereum-based altcoin Chainlink (LINK) is predicted to experience a final correction before doubling in price, potentially reaching $12-$15 by 2024, according to crypto strategist Michaël van de Poppe, who expects other altcoins to continue gaining momentum as long as Bitcoin remains consolidated. Bitcoin, on the other hand, could rally to $30,000 if it successfully retests the $26,700-$26,900 range.
Bitcoin rose nearly 1% in the past day, but altcoins like TON, AAVE, and MKR are leading the surge in the crypto market, with MKR up over 3% due to its Endgame Plan generating revenue from real-world assets.
Crypto strategist Altcoin Sherpa predicts that a surge in altcoin trading could occur in the coming months, particularly in December and January, with Ethereum expected to lead the way after a 5% decline against Bitcoin.
Bitcoin SV and Bitcoin Cash, along with several other altcoins, have experienced a significant drop in prices, but institutional investors continue to show bullishness in the crypto sector with positive inflows.
Bitcoin's price may experience a significant drop to $19,000 before entering a full bull market next year, according to a trader who accurately predicted the cryptocurrency's 2018 bear market bottom; the trader also suggests that the smart contract platform Avalanche's altcoin bounce is over after failing to break resistance at $11.
Bitcoin price stabilizes after a brief dip, while altcoins face selling pressure and potential short opportunities.
Crypto strategist Benjamin Cowen predicts that Bitcoin could fall by at least 8%, which could have a negative impact on altcoins and potentially lead to a significant decline in the altcoin market.
Liquidity is dwindling in the altcoin market as risk appetite decreases, according to crypto analytics firm Glassnode, which also highlights low liquidity in the Bitcoin market.
BIGTIME, a new gaming altcoin, has experienced a significant increase in value after being listed on several top crypto exchanges, reaching a high of $0.333 and gaining more than 267% in a week.
Bitcoin is experiencing a significant increase in the number of large wallets, indicating a rise in investor interest, despite concerns about inflation and the bear market. Gold and silver, on the other hand, are outperforming crypto amid global geopolitical tensions.
Most altcoins are currently experiencing severe declines and may never reach their all-time highs again, according to crypto analyst Benjamin Cowen, who also warns that if Bitcoin were to decline, it would have a significant negative impact on altcoins as well.
Bitcoin and other cryptocurrencies are experiencing a steady surge in prices due to increasing optimism about the approval of Bitcoin exchange-traded funds by regulators.
Summary: Bitcoin and other cryptocurrencies are on the rise, fueled by a recent rally, although some traders may be preparing for a potential pullback due to uncertain optimism surrounding a recent catalyst.
Bitcoin (BTC) reached three-month highs, surpassing $30,000 and approaching key resistance levels, while altcoins also experienced significant gains, signaling a potentially bullish market.
Bitcoin and other major cryptocurrencies are experiencing a sudden surge in price as BlackRock and JPMorgan lay the groundwork for the next bitcoin bull run, with analysts suggesting that the crypto winter may be over and a "huge shift" in the market is imminent.
Bitcoin prices surge to an 18-month high as hype around a potential spot exchange-traded fund (ETF) approval grows, with analysts drawing comparisons to the post-approval surge in gold prices and predicting a potential rise to over $120,000 if Bitcoin follows a similar trajectory.
Bitcoin and other major cryptocurrencies have experienced a surge in prices as BlackRock and JPMorgan lay the groundwork for the next bitcoin bull run, with analysts suggesting that the crypto winter may finally be over and a "huge shift" in the market may be on the horizon.
Bitcoin and other cryptocurrencies experienced significant growth as the possibility of a Bitcoin exchange-traded fund launch raised optimism and provided long-term support for prices.
Bitcoin's surge towards $35,000 has boosted the value of altcoins, with tokens like Solana, Chainlink, Aptos, and Pepe recording significant gains over the past week, driven in part by investor anticipation of a spot Bitcoin ETF being approved by the SEC.
Bitcoin's market share in the crypto market reached its highest level since April 2021, surpassing 54%, as BTC outperforms altcoins due to factors such as the spot ETF and safe haven narratives.
The supply of available bitcoin on crypto exchanges has reached its lowest level in five years, potentially leading to a supply shock as the approval of a spot bitcoin ETF draws near, which could further increase demand and drive up the price.
A market intelligence platform predicts that certain altcoins, including Polygon, Decentraland, Fantom, and Pepe, will continue to see price increases and network growth as traders shift their focus to Bitcoin and Ethereum, signaling the potential for a bull market.
