The price of Bitcoin (BTC) 
$92,721 fell below $96,000 after Saylor revealed they purchased BTC again. MicroStrategy continues to expand its massive BTC reserves and believes that price increases will persist. What are the current forecasts for ZEN, IOTA, and altcoins from experts?
ZEN and Altcoins
The return of BTC price to six-figure levels could help altcoin investors recoup losses. Therefore, the performance of BTC is directly linked to the overall direction of cryptocurrencies. In today’s assessment, Jelle wrote:
“Bitcoin has fallen back into the range and is now trying to hold above the mid-range. It appears that a higher low is forming on a lower time scale – if we stabilize this, we might attempt to reclaim the next $100,000. Let’s take a look.”
If selling continues, BTC could revert to the $92,000 range, potentially leading to more severe consequences for altcoins. The breakout point will be $100,000. So far, BTC has not attempted a new test since its weekend trial.
As a popular altcoin, IOTA Coin is well-known among seasoned investors. Turkish crypto analyst Efloud shared updates following his recent analysis, outlining what he anticipates.
“I added notes from my last analysis to the chart.
There has been a 50% drop from where we sold. The area I highlighted as a reasonable place to buy has already bounced back 18%. If it loses the support zone, I will consider the range formed by the green-boxed areas as the most logical buying range.
The two most logical resistance zones I can recommend to new entrants are the red dashed line and the $0.37 area.”
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
