Bitcoin price dropped to $55,000, quickly erasing earlier gains. This drop confirms our pre-market predictions about the opening of the US markets.
Will Altcoins Rise?
What are the crypto predictions by Capo, Rager, and other popular analysts? Analysts differ in their views on Bitcoin, and another decline to $53,000 is likely. Capo, a leading analyst of 2022, continues to post optimistic predictions. In his latest post, he mentioned that reclaiming the $58,500 level is necessary to confirm the bulls' involvement. He also shared the following chart for altcoins:
Crypto Predictions from Two Analysts
Analyst El Crypto Prof believes that while the bottom hasn't been reached yet, it is near. He highlights Bitcoin market dominance (BTCD) and thinks that buying opportunities are approaching. Rager argues that the current drop before the FOMC (Federal Reserve) meeting is good. The weaker the market is in September, the better the last quarter will be.
Altcoin Sherpa's Prediction for AAVE Coin
Analyst Altcoin Sherpa shared his predictions for AAVE Coin in his latest analysis. He believes that $120 is a good entry point for AAVE. The price fluctuates between $118 and $135, and it will likely consolidate at this level. It remains to watch and observe.
Analysts continue to have diverse assessments of the cryptocurrency market. While some see potential growth opportunities, others point to possible declines. The situation remains tense and requires close attention.
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