Cryptocurrency markets are gradually rebounding after days of decline. Bitcoin (BTC) has surpassed $98,000, bringing optimism among traders. Meanwhile, altcoins have begun to recover, climbing approximately 5–10% from their recent lows.
Bitcoin (BTC)
BTC is recovering its ground after surpassing the $98,000 mark. However, traders aim for further growth, seeking daily closes above $98,500. Popular analyst Daan Crypto Trades expressed caution in the current situation and noted that breaking above the high-volume level around $97,000 will be key.
Commentary on Altcoins
Analyst Moustache highlighted that the anticipated major surge for altcoins is yet to come, predicting new highs above $4.9 trillion based on historical data. Another analyst, known as Altcoin Sherpa, is showing interest in Fartcoin and is waiting for an opportunity to buy at $0.65 and $0.50, aiming for levels above $1.28.
Market Volatility Potential
Altcoin traders are keenly observing BTC's performance in the coming hours. Renewed attempts to test six-figure levels could pave the way for a new all-time high.
The cryptocurrency market shows recovery signs, with Bitcoin leading altcoins to potential growth. Investors remain cautious, awaiting further market shifts.
