Bitcoin Pullback Sparks Altcoin Rally: Price Predictions
Bitcoin don extend dia pullback, e drop pass im 50-day moving average and e dey test one key support at $110,530. Chart analysis show say RSI get negative divergence, mean say im bullish momentum dey weak. Even if short-term weakness dey, analysts for Canary Capital and Captain Faibik dey expect say Bitcoin go bounce back, with forecast wey dey between $140,000 to $150,000 before year end. Our price predictions talk say Ether fit find support for $4,094 and e go better Bitcoin short-term based on Santiment. Altcoins from XRP, BNB to Solana and Chainlink all dey face critical levels wey fit start bigger altcoin rally if Bitcoin fit stabilize and price predictions hold. Traders suppose watch Bitcoin’s neckline for $118,575, Ether’s $4,094 breakout, and moving average tests across the top ten crypto assets. Our crypto price predictions dey show possible upside targets: BTC to $124,474, ETH to $5,000, SOL to $240, and LINK to $31. If key downside breaks happen, e fit trigger deeper corrections towards $100,000 for Bitcoin and mid-3,000s for Ether.
Bullish
Market outlook dey bullish because even though Bitcoin chart get small pullback and RSI bearish divergence, big analysts dey predict big rebound wey fit reach $140,000–$150,000 by end of year. Ether get stronger support levels plus Santiment sentiment data show say e fit perform well pass others. Key support test dem—Bitcoin for $110,530 and Ether for $4,094—fit bring back buyers interest. If these levels hold, we expect altcoins like XRP, BNB, SOL and LINK go follow Bitcoin go higher, drive bigger rally. Past experiences show say when price drop to strong support zones, e usually sharp recover cos short-term traders enter again and institutional money waka back. Even though risk dey if critical supports break, e likely say price go continue go up till late 2024, making market overall bullish for short-term traders and long-term investors.