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Since the end of 2021, cryptocurrencies have experienced successive downturns following brief rallies. Recent months have witnessed exceptionally dull periods, a rarity in historical data. Despite a rising trend for BTC today, altcoins have struggled to recover their losses for over 70 days. The pressing question now is whether the anticipated rise for altcoins is on the horizon.
Will Altcoins Rise?
BTC continues to find buyers below the $97,000 mark. Although XRP Coin remains strong, many cryptocurrencies, including DeepSeek and Tarifeler, have failed to recover from their losses due to negative data. However, analysts are starting to express optimism for altcoins.
If the widely used indicators in technical analysis prove accurate once again, a rise in altcoins could soon commence. Jelle and several analysts are highlighting this formation, and we will look at two analyst comments based on the TOTAL2 and TOTAL3 charts. Jelle is the first to weigh in.
“A reversal formation is forming for altcoins.
Whether you call it Adam & Eve or a rounded bottom, these structures often indicate we are at a low and higher prices are ahead.
Take back the white box, and we might attack all-time highs again.”
If this turns out to be correct, we could see assets outside of BTC rapidly rebound to $1.71 trillion. Meanwhile, at the time of writing, positive news from Dubai has pushed BTC’s price to $97,500. Mubadala Investment Company, one of Abu Dhabi’s sovereign wealth funds, purchased a $436 million Bitcoin 
$77,136 ETF.
What Lies Ahead for Bitcoin?
The market is experiencing weak rallies with good news and sharp sell-offs with bad news. Although BTC recently surged to $97,700 following new information, it has now retreated closer to $97,000. With FTX refunds beginning soon and the SEC signaling a supportive stance towards crypto, analyst Jelle has communicated his target.
“Historically, Bitcoin exceeding its 2-year MA multiplier has been an excellent peak signal.
In the first two cycles, Bitcoin peaked after exceeding the 5x multiplier. Last time, Bitcoin peaked well above the 4x multiplier after tagging the 5x. If this time it only reaches the 3x multiplier, we are still poised for a significant climb, currently aimed at the $152,000 level.”
