Experts' Forecasts: Altcoin Surge May Start Soon

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Is the Altcoin Surge Starting?
  2. Bitcoin (BTC) and Ethereum (ETH)
  3. Ethereum (ETH) Outlook


    4. Altcoin investors have been unhappy for a long time. Bitcoin (BTC) price was at $57,666 at the time of writing, approaching its daily peak of $58,000 again. The decline that started after the opening of the US markets has temporarily halted. But what can investors expect for the altcoin market in a broader timeframe? What do the current BTC and ETH chart analyses indicate?

    Is the Altcoin Surge Starting?

    Today, we will discuss the latest views of three different cryptocurrency analysts on the markets. The first expert, known by the pseudonym Mikybull, is optimistic about altcoins in general. Many altcoins, which fell below their 2023 lows, failed to attract enough buyers. As a result, we still see that significant support regions haven’t been reclaimed.

    However, Mikybull shares a chart indicating that altcoins are about to transition into the anticipated phase for a long-term rise.

    This is truly a macro bottom. The expansion phase is about to start!

    Bitcoin (BTC) and Ethereum (ETH)

    What needs to happen first for the altcoin market to experience a surge? Certainly, BTC must reach its true peak, and ETH must begin its long-desired upward movements. After BTC reaches its peak, the most parabolic period of the altcoin bull run begins when ETH and other major altcoins undermine Bitcoin’s market dominance.

    An analyst known by the pseudonym Stockmoney Lizards updated the short-term outlook for Bitcoin (BTC) and wrote the following:

    Liquidity zones, resistance, and potential short-term outlook.

    Ethereum (ETH) Outlook

    An analyst known by the name Leevis highlighted the risk of ETH losing its current support level and shared concerns about a drop towards $2,120. If ETH manages to stay above $2,360 as it did at the time of writing, this could pave the way to focus on the main target of $2,420.

    Thus, analysts see the potential for a significant rise in altcoins, provided that Bitcoin and Ethereum maintain their key support levels and overcome current obstacles.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Stablecoin Payment Transactions Surge Despite Flat Supply

A new report reveals a significant increase in stablecoin payment transactions, contrasting with stagnant supply levels.

user avatarArif Mukhtar

MARA Holdings Transfers 1,000 BTC to Exchanges Amid Market Scrutiny

MARA Holdings has transferred approximately 1,000 BTC to Binance and Gate over the past five days, raising questions about its treasury movements.

user avatarDavid Robinson

CryptoBilis Case Exposes Vulnerabilities in Hardware Wallets

The CryptoBilis case reveals vulnerabilities in hardware wallets, leading to $90 million in losses due to tampered devices.

user avatarMaria Gutierrez

California Reaches $500,000 Settlement with Fidelity Over Crypto Withdrawal Restrictions

California has reached a $500,000 settlement with Fidelity Digital Asset Services regarding restrictions on crypto withdrawals.

user avatarAndrew Smith

Anthropic Uncovers Seed Generation Method for NIST Elliptic Curves

Anthropic's Claude has reconstructed the seed generation process for several widely used NIST elliptic curves, addressing a long-standing question in cryptography.

user avatarJacob Williams

XRP Ledger Validators Advance Maintenance Amendment Amid Challenges for Lending Features

XRP Ledger validators have advanced the fixCleanup340 amendment, clearing the 80% support threshold for activation, while lending features face governance challenges.

user avatarZainab Kamara

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.