Cryptocurrencies started the week positively, with Bitcoin maintaining its position above $65,000. Altcoins also experienced gains over 5%, presenting an encouraging scenario.

Bitcoin and ETH Forecasts

For over six months, the cryptocurrency markets have not moved in the desired direction for investors. Each time Bitcoin attempts to break the $65,000 mark, it ends in disappointment. Recently, we have seen a decrease in risk appetite among altcoins. Nevertheless, Bitcoin is showing an upward trend. Michael Poppe stated: 'Bitcoin is breaking upwards. We should move higher in the coming weeks, but I suspect we will undergo more consolidation before continuing. This is just a repeat of 2023.' For altcoins to see significant rises, ETH bulls must initiate a rally. Carl believes this will begin soon after a breakout from the technical formation: 'Ethereum can emerge from this Symmetrical Triangle at any moment! The target is $3,400.'

XRP and SOL Coin Predictions

In this bull market, XRP may experience limited growth due to legal issues. An annual token inflation of 6% combined with potential prolonged court challenges may negatively impact risk appetite. The fundamental problem lies in the risk that favorable decisions for XRP could be overturned in the appeals process. Although Tony mentioned a possible long position above $0.66, the price remains significantly below this level. The focus of the fifth and final analyst is on Solana (SOL), with Phoenix expecting a new movement at the $210 breakout level.

Analysts maintain cautious optimism regarding upcoming movements in major cryptocurrencies, highlighting both the potential and risks associated with various market-influencing factors.