Bitcoin's price rapidly dropped to $82,256, raising concerns among traders. Experts evaluate the impact on the altcoin market and provide future predictions.
Bitcoin's Fall and Market Reaction
In the last 24 hours, Bitcoin's price fell to $82,256. This occurred amid aggressive moves by the Trump administration, escalating fears of a global trade conflict. Many altcoins lost ground, adding to investors' worries.
Altcoin Predictions
Despite Bitcoin's drop, altcoins showed resilience. Analyst Moustache noted that ETH/BTC is at the bottom of a declining expanding wedge, with a significant divergence. He suggests that we might be on the brink of a new altcoin bull market.
Future BTC Volatility
The recent peak was $87,000, and maintaining $85,000 as support is a positive sign. However, more is needed. If the price cannot hold above $83,326, a decline to $75,063 is possible. Analysts believe there is still room for growth in the new cycle.
Bitcoin's drop has sparked reactions and forecasts across the cryptocurrency market. Despite current volatility, experts see potential for future growth, especially for altcoins.
