The last days of the year are challenging for cryptocurrency investors, yet BTC remains above $90,000, signifying a strong position compared to the start of the year. What are the current forecasts from experts regarding the markets, and what can investors expect in the upcoming days?
Comparing 2021 and 2024 Cryptocurrency Markets
In 2021, altcoins reached exciting peaks while BTC hit all-time highs. However, concerns over the Fed’s interest rate hikes led to a downturn by the year’s end. Jelle believes the current situation mirrors that of 2021 and hints at signals leading into 2025.
SOL Coin and Cryptocurrencies
In a recent chart, analyst Jelle highlighted a target of $210 for SOL Coin. At the time of writing, SOL Coin was just below $190 and attempted a breakout in the past 24 hours without success. Given BTC’s decline below $96,000 due to negative opening trends in the US markets, it appears SOL Coin may struggle to surpass its critical threshold for a while.
Kyle's Optimism on SOL Coin
Kyle’s perspective on SOL Coin is much more optimistic.
Despite the challenges facing cryptocurrency markets at year's end, BTC continues to hold strong positions, and experts predict current trends may reflect market behavior in 2021. However, future growth prospects, particularly for SOL Coin, remain uncertain.
