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The price of Bitcoin (BTC) 
$80,868 is currently at $96,210, with weakness continuing in altcoins. Solana 
$116 (SOL) has seen a significant decline, surpassing 8%, which could be a hopeful sign for other altcoins. The Solana network fraud, involving various figures including the President of Argentina, has drawn community backlash, potentially redirecting liquidity back to altcoins on centralized exchanges.
BTC’s Breakout Warning
The BTC price remains below $97,000, with ongoing dull market movements. FTX refunds are set to begin today, but the upcoming Fed minutes are fueling concerns. Volatility is expected to rise, as the crypto community remains cautiously optimistic.
“Bitcoin. I understand you. It’s possibly the dullest market conditions seen in a long time. Time-based capitulation. But it will end.”
BTC is still within a descending wedge. It wouldn’t be surprising to see something like this. After that, $100k+. Altcoins will follow.”
Ethereum (ETH) Forecasts
Ether dropped below $2,700 again after yesterday’s attempt. For a real altcoin surge, ETH must overcome its long-standing weakness. Currently, this troublesome movement continues while BTC remains strong. Poppe reminds us of what we missed in yesterday’s failed rally by sharing the daily chart.
“The party seems postponed. It couldn’t close above the critical area for $ETH.”
“Will we see another test of lower levels before turning up?”
All eyes are on the ETH/BTC pair, as this is where we will see the real breakout for a true recovery. ETH is still hovering around 2021’s low levels against BTC. An analyst known as CryptoBullet discusses the current situation here.
“ETH/BTC has experienced a significant bullish divergence on the weekly chart. I believe a strong rebound/reversal is just around the corner. 0.05-0.06 (EMA200 + MA200 pocket)”
The details from the upcoming Fed minutes and concerns regarding next week’s PCE data suggest that there might not be great things in the short term. The Producer Price Index (PPI) has given a negative signal for PCE, and we may see signals of possible measures that Fed members could take regarding interest rate hikes, influenced by Trump tariffs, which could lead to further declines.
