Bitcoin Crash Over? Top Trader Predicts Massive Recovery & Altcoin Boom!
Bitcoin is the world’s largest cryptocurrency, down more than 15% in a week to as low as $82,340. Although this fall has raised concerns about more losses, Crypto Trader Crypto Drama to Analyst I believe a strong recovery may occur. As liquidation occurs, Bitcoin’s next move may shake weak hands or trigger a sharp rally. Meanwhile, Altcoins showed signs of strength, suggesting a possible breakthrough soon.
Is Bitcoin ready for a V-shaped recovery?
According to Crypto Banter analysis, Bitcoin broke through major support and recently dropped to $82,000. Although the move has raised concerns about further adverse effects, analysts at Crypto Banter show that a strong V-shaped recovery is likely to occur.
Meanwhile, the crypto drama tarter outlines two possible scenarios for Bitcoin’s next move:
Final decline before reversal: Bitcoin could drop to the $79,000 to $81,000 range, and then bounce to $90,000 and above. This swing may remove weak hands before the market starts to climb again.
Recover now: If Bitcoin stays above $82,000, it could quickly recover $90,000 and continue to drop to $100,000, which could trigger a strong rally in AltCoins.
The market is at a critical point, and the next step in Bitcoin will determine whether it continues to rise or stays in the lateral stage.
Are altcoins ready for a breakthrough?
Bitcoin’s advantage is declining, which may mean that altcoins are preparing for powerful moves. Meanwhile, USDT’s dominance is declining, indicating that traders are transferring funds to Altcoins. This growing confidence may mark the beginning of Altcoin Rally.
Ethereum (ETH) has shown strength, bounced back from its lows and is now aiming for $2,500. If it exceeds this level, ETH may climb to $3,000.
Meanwhile, Solana (Sol) also holds about $130 in support, and analysts are expected to shift to $160. If momentum is established, Sol may recover $200 and enter the price discovery, further increasing the Solana price.
Crypto market will trigger $6B clearance
According to Crypto Banter, Bitcoin has seen adverse liquidation, and now many traders are priced between $83,000 and $84,000. This means that the market can now move higher.
If Bitcoin climbs above $90,000, it could trigger a brief liquidation of $3 billion. Pushing $95,000 toward a rollout could result in a $6 billion liquidation, forcing short traders to buy back, which could make prices higher.
