2024-4-27 21:32 |
Bitcoin and altcoins could be en route to retest their recent strong support levels as bears try to extend the correction.
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Bitcoin's chance of hitting a new all-time high has increased, buoyed by expectations of the adoption of a US Bitcoin reserve.
Bitcoin’s bounce above $94,000 suggests that the bulls remain buyers on dips, increasing the possibility of a retest of $100,000.
Bitcoin price looks on track to reclaim the $100,000 level. Are altcoins set to follow?
Most traders expect Bitcoin price to hit new highs throughout 2025, and charts suggest ETH, SOL, SUI and AAVE could be the top-performing altcoins this year.
Bitcoin is holding above $90,000, signaling the possibility of a move back toward $100,000 in the next few days.
Bitcoin needs to find support in the $90,000 to $85,000 range in order for altcoins to recover and find new buyers.
Bitcoin’s repeated failure to cross above $100,000 increases the risk of a drop under $90,000.