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Cryptocurrency Market Predictions: What to Expect from BTC and Altcoins

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by A1

3 hours ago


Bitcoin remains around $98,000, but recent trends signal potential moves for altcoins. Cryptocurrencies have not yet reached desired levels, and experts share their forecasts.

Current Situation with Bitcoin

The total trading volume on exchanges has dropped to $118 billion, with the total market cap of cryptocurrencies falling to $3.21 trillion. Thousands of tokens enter DeFi platforms every minute. The fear index decreased to 35, and BTC dominance rose above 60%.

The strong spot premium on BTC indicates substantial spot demand at these levels, allowing Bitcoin to remain resilient amid recent turmoil. The rapid accumulation of coins by institutions like MicroStrategy is causing a constant turnover, which will eventually lead to supply drying up and potential price increases.Daan Crypto Trades

Prospects for LINK Coin and ETH

Chainlink is one of the best contenders for bridging cryptocurrencies and the financial world in the long term. Its success in blockchain infrastructure is well-known, yet its token may still underperform compared to less functional altcoins. Poppe remains hopeful and shared a chart for his favorite altcoin.

The ideal retest for LINK occurred, slightly deeper than expected. However, like ETH, we will have a completely different graph ready to move upward next week.Poppe

Ethereum Forecast

ETH is gearing up for a significant move! A breakout above $4,000 could pave the way for rallies to $7,400, $10,000, and even $14,000.

Ethereum is gearing up for a significant move! A breakout above $4,000 could pave the way for rallies to $7,400, $10,000, and even $14,000!Ali Charts

Current trends in the cryptocurrency market indicate potential significant changes in the values of BTC and altcoins. Experts continue to monitor the dynamics and share their forecasts that might help investors navigate future market developments.

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