Analysts Announced What They Expect in Bitcoin and Altcoins From Now on: He Gave Good News for Altcoins!

Donald TrumpAfter ‘s presidential victory Bitcoin (BTC) ve altcoinler While there was a big rise, there were sharp declines afterwards.

As the end of 2024 approaches, investors’ expectations for a new year rally diminish, while QCP Capital analysts listed their expectations for Bitcoin and altcoins.

Analysts of Singapore-based cryptocurrency trading firm QCP Capital stated that there will be fluctuation in the BTC price with the expiry of an important option period that will affect the market dynamics in Bitcoin next week.

Stating that the price fluctuation in Bitcoin will have a positive impact on altcoins, analysts stated that investors expect a possible return from BTC to altcoins.

“All eyes will be on Bitcoin and Ethereum options this Friday, when approximately $20 billion worth of expiry will expire. This represents almost half of the total OI on Deribit. “

Stating that the problems in Bitcoin will trigger the rise of altcoins, analysts argued that BTC’s struggle to stay above $ 100,000 could pave the way for an altcoin rally.

“As Bitcoin continues to struggle below 100k, we may see altcoins begin to rally again.”

Declines in Bitcoin May Continue!

FxPro’and Alex Kuptsikevich, He warned investors that further declines were possible for BTC, with potential declines to $90,000 or even $70,000.

The analyst added that a possible pullback in Bitcoin to $90,000 could present an attractive buying opportunity for investors.

“In a potential shock scenario in Bitcoin, the price could suddenly drop to the $70,000 region.

However, a pullback to $90,000 in the next few weeks could present buyers with a good buying opportunity.

“Markets continue to digest the FED’s harsher tone.”

*This is not investment advice.