Bitcoin Maintains Bullish Momentum Despite Key Support Loss; Analyst Cautions on Altcoin Risks
Top crypto analysts, including Pentoshi and Sherpa, maintain a bullish outlook on Bitcoin (BTC) despite its recent dip below major support levels. Both stress Bitcoin’s resilient long-term uptrend, supported by a strong pattern of higher highs and lows plus ongoing demand exceeding miner supply. Sherpa highlights strong support near $104,000, suggesting potential for a price rebound even if a short-lived drop to $103,000 occurs. Stability and consolidation at these levels are seen as healthy for the market. In contrast, risk around altcoins, especially Solana-based memecoin POPCAT (POPCAT), has risen with a loss of support and a recent 30% weekly drop. Bitcoin is currently trading near $105,841, and traders are advised to closely monitor support zones, exercise patience, and assess risks carefully when trading volatile altcoins. If Bitcoin retains its support, a recovery toward the $120,000 range remains possible in the coming months. This analysis offers traders actionable insights on Bitcoin’s price dynamics, altcoin volatility, and strategic risk management.
Bullish
Both summaries emphasize that Bitcoin remains in a strong long-term uptrend, with analysts highlighting consistent higher highs and higher lows, along with demand outpacing miner supply. While the loss of a key support level introduces short-term downside risk (with potential dips to $103,000–$95,000), the analysts note that stability and consolidation at these levels would be positive for further upward movement. The possibility of recovery toward $120,000 remains if support holds. However, the outlook for specific altcoins like POPCAT is more bearish due to recent sharp declines. Overall, the primary impact is bullish for Bitcoin, especially for long-term traders, while advisories about risk management in altcoin markets act as a caution rather than a bearish signal for BTC itself.