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As of the time of writing, the Bitcoin price stands at $61,800, with a daily low established at $61,634. The price fluctuations have shifted in favor of sellers following a rejection at the $67,000 mark. Current predictions regarding BTC have drawn attention, alongside inquiries about the price target for APT Coin.
Bitcoin Predictions and Insights
Opening in the red, Bitcoin (BTC) 
$104,739 has caused a decline in the overall altcoin market. While some altcoins have shown positive divergence as reported in our latest updates, the general demand remains weak, bringing them closer to critical support levels. Crypto analyst Carl recently stated:
“If Bitcoin breaks this descending triangle, it could drop to $60,700!”
Given that the support level has been breached multiple times, BTC may face further losses. The $61,700 mark has long been a critical level, and BTC dipped below this temporarily today. If it remains under $60,700, altcoins could face unpleasant surprises.
APT Coin Predictions and Market Outlook
While SOL Coin has fallen back to $140, the ETH price has decreased to $2,438. The outlook for altcoins is not promising. On the APT Coin front, Crypto Tony highlighted a potential drop to the $7.70 area if the resistance level cannot be surpassed. Should BTC rise quickly, APT Coin might reclaim the $10.50 resistance, making a move towards the $20 target possible. Otherwise, bulls will have a tougher battle ahead.
Tony shared the following chart and commented:
“Bulls need to reclaim $10.50 as support for the next rally.”
This week, U.S. inflation data is expected to be released, and if these figures are positive following strong employment numbers, it may provide support for risk markets.
