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COINTURK NEWS > Cryptocurrency News > Bitcoin’s Recent Trends Signal Potential Moves for Altcoins
Cryptocurrency News

Bitcoin’s Recent Trends Signal Potential Moves for Altcoins

In Brief

  • Bitcoin faces challenges while altcoins struggle to maintain value.

  • Experts predict potential upward movements for LINK and ETH in the coming weeks.

  • Ethereum's breakout above $4,000 could signal significant price rallies.

Ömer Ergin
Ömer Ergin 4 months ago
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Bitcoin $105,649 continues to hover around $98,000, but its recent decline has painted altcoins red again. With little time left until the first quarter of 2025, cryptocurrencies have not met the desired performance levels. Today, we delve into the latest market predictions from cryptocurrency experts.

Contents
Bitcoin (BTC)LINK Coin and ETH Price Predictions

Bitcoin (BTC)

The total trading volume on exchanges has dropped to $118 billion, with the total market cap of cryptocurrencies falling to $3.21 trillion. Thousands of tokens without any purpose enter circulation on DeFi platforms every minute. As the fear index decreased to 35, BTC dominance surged above 60.

Daan Crypto Trades commented on the current situation, stating:

“The strong spot premium on BTC indicates substantial spot demand at these levels, allowing Bitcoin to remain resilient amid recent turmoil. The rapid accumulation of coins by institutions like MicroStrategy is causing a constant turnover, which will eventually lead to supply drying up and potential price increases.”

LINK Coin and ETH Price Predictions

Chainlink $14 is one of the best contenders for bridging cryptocurrencies and the financial world in the long term. Its success in blockchain infrastructure is well-known, yet its token may still perform weaker than less functional altcoins. Poppe remains hopeful and shared a chart for his favorite altcoin.

“The ideal retest for LINK occurred, slightly deeper than expected. However, like ETH, we will have a completely different graph ready to move upward next week.”

As Poppe shared his bullish outlook for ETH and LINK, Ali Charts supported him, suggesting ETH is preparing to reach $4,000, indicating a significant move is imminent.

“Ethereum $2,590 is gearing up for a significant move! A breakout above $4,000 could pave the way for rallies to $7,400, $10,000, and even $14,000!”

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 6 February, 2025 - 7:35 pm 6 February, 2025 - 7:35 pm
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