Recently, Bitcoin has shown significant decline, dropping below the psychological mark of $100,000. This event has impacted other popular altcoins, raising questions about potential price recovery.
Current Situation with Bitcoin
On Sunday, Bitcoin ([BTC](https://cointelegraph.com/bitcoin-price 'null')) fell below the $100,000 support following news of the U.S. strike on Iran's nuclear facilities. Popular trader Cas Abbe reported that the price could drop to the $93,000 to $94,000 range before a potential reversal.
Predictions for Altcoins
Bitcoin's decline has affected several major altcoins, such as ETH, XRP, SOL, and HYPE. These coins have also broken below their support levels, signaling a negative sentiment in the market. For instance, XRP ([XRP](https://cointelegraph.com/xrp-price-index 'null')) could fall to $1.61 if it remains below $2, while ETH ([ETH](https://cointelegraph.com/ethereum-price 'null')) risks dropping to $2,111.
Long-term Prospects for the Crypto Market
Despite the current downturn, some analysts maintain optimism regarding Bitcoin's long-term prospects. Real Vision CEO Raoul Pal stated that the current crypto cycle resembles the 2017 pattern and is expected to extend into Q2 2026.
The cryptocurrency market remains under pressure; however, long-term forecasts may provide hope for price recovery. It is essential to monitor market changes and make informed decisions.
