Bitcoin (BTC) 
$94,281 price reached $94,400 at the time of writing, following a swift recovery from a drop to $91,500. Although altcoins have not yet turned positive, Bitcoin’s quick rebound by sweeping up liquidity at lower levels indicates a favorable trend. What insights do experts provide in their recent evaluations? What can altcoin traders expect?
Altcoin Rally Expected Soon
Crypto Rover recently shared a chart predicting a significant movement in cryptocurrencies within two days. Based on the chart, the analyst expressed optimism about an upcoming altcoin surge and forecasts a drop below 56% for BTC. Bitcoin’s market dominance, which peaked during an all-time high phase, weakened due to subsequent sell-offs.
In two days, we will witness whether Rover’s prediction proves correct as the new year unfolds.
Bitcoin (BTC)
BTC price began to decline sharply following MicroStrategy’s purchase announcement. The leading cryptocurrency hit a daily low of $91,530 before quickly rebounding to over $94,000 within the hour. Considering the daily high was at $94,200, the significance of this recovery becomes clearer.
At BTC’s low, analyst Roman Trading noted that this situation resembles the transition from 38,000 to 70,000 last year, with similar timing. He mentioned low volume during the decline as a bullish sign, indicating a potential recovery and continuation of the macro upward trend.
If proven right, the cautious analyst suggests that Rover’s warning about an altcoin surge in two days could be validated. In the same timeframe, Jelle shared a trading strategy along with a chart.
Jelle reflected on the past year and the process of securing profits from their investments, planning to gradually scale out of positions as prices rise.
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.
