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 Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

Meta Platforms' Shares Surge Following AI Assistant Launch

chest

Meta Platforms' shares rose over 6% after the launch of its AI assistant, Muse, which helps users manage tasks and goals.

user avatarTomas Novak

Galaxy Announces $5 Million Funding for Bitcoin Quantum Security Research

chest

Galaxy announced up to $5 million in funding for Bitcoin quantum-security work, including developer grants, research, and an advisory council.

user avatarMaya Lundqvist

IonQ Launches Superion 256 Quantum Computer with Orders Open for 2027 Delivery

chest

IonQ has launched its Superion 256 quantum computer, opening orders for delivery in 2027.

user avatarKaterina Papadopoulou

Prediction Markets Show Shifts in Oil Price Expectations

chest

Prediction markets are reacting to oil price fluctuations, with traders speculating on whether crude will reach $120 or fall to $55 first.

user avatarAisha Farooq

Record Diesel Prices Hit Ahead of Midterm Elections

chest

Record diesel prices reached a high of 594 a gallon, raising concerns about consumer affordability ahead of the midterm elections.

user avatarLi Weicheng

Brent Crude Surpasses $100 Amid Geopolitical Tensions

chest

Brent crude oil prices rose above $100 for the first time in six weeks due to geopolitical tensions, including attacks on Saudi oil facilities and US military responses.

user avatarLeo van der Veen

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.