Bitcoin $96,196 price declined to $103,800 at the time of this writing, complicating the landscape for altcoin traders. Trump’s election could yield positive long-term outcomes for prices; however, we are currently witnessing a repeat of days similar to those seen during ETF approvals. What predictions are emerging for POPCAT and SOL Coin?
Current Status of Bitcoin (BTC)
BTC price has again fallen and failed to maintain the $105,000 level. After several attempts to recover to $100,000, the price showed a negative divergence just 20 minutes before market opening. An analyst using the pseudonym Anlcnc1 expects bulls to remain dominant as long as positive sentiment continues in the U.S. Indeed, Nasdaq and SPX futures are on the rise.
“As long as the markets do not turn negative after they open, a recovery in Bitcoin is possible. There was a significant investment of $660 million from BlackRock on the first trading day of Trump’s term; this was positive, but the continuity of such investments is crucial. In summary, a recovery in Bitcoin is possible if the U.S. markets do not turn negative after opening.”
Price Targets for POPCAT and SOL Coin
The analyst using the pseudonym MustStopMurad believes that the price of POPCAT has finally hit rock bottom. He supports his belief with three reasons: first, significant capitulation volume; second, the tendency for previous low levels to gain traction; and third, the pressure experienced by investors on the cross resistance level.
The analyst forecasts massive increases in price, targeting a market capitalization of $5 billion in the medium term and $25 billion in the long term.
Jelle shared a graph outlining predictions for Solana $197 (SOL).
“The SOL hourly chart appears to be aiming for $300 again this month. Following Trump, the decline trend has been broken, and moving averages are trending upward, recovering the month’s highs. It’s taking shape nicely. If we reclaim $264, all possibilities will vanish.”
Target for Trump Coin
Carl is now focusing on the rising altcoin, Trump Coin. While investors are experiencing significant gains, they are also facing the painful volatility in futures. However, Carl believes a major rally could start again, potentially bringing a rise of up to 144%.