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Reading: Bitcoin Price Dips Below $118k: What’s Next for Altcoins?
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COINTURK NEWS > Technical Analysis > Bitcoin Price Dips Below $118k: What’s Next for Altcoins?
Technical Analysis

Bitcoin Price Dips Below $118k: What’s Next for Altcoins?

In Brief

  • Bitcoin price slipped below $118k, while altcoins showed strength.

  • Market dynamics may present buying opportunities for short-term altcoins.

  • Solana and OP coins are poised for bullish trends, amidst differing market reactions.

İlayda Peker
İlayda Peker 9 months ago
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The Bitcoin (BTC) $78,318 price slipped below $118,000 amid European Union tariff rumors, triggering a mixed market response. While Bitcoin experienced a slight downturn, altcoins showed surprising strength, fueled by double-digit gains observed throughout the week. This sparked a renewed sense of hope among traders, with many anticipating potential bullish trends. What does the future hold for SOL and OP coins?

Contents
Bitcoin (BTC)OP and SOL Coin

Bitcoin (BTC)

Bitcoin is currently trading at $117,777, having dipped to $117,315 in the past 24 hours. Despite Bitcoin’s stagnation, several altcoins like DOGE have recorded gains exceeding 10%, and ETH has surged past $3,600. While Bitcoin struggles to maintain its key support level at $115,500, altcoins continue to thrive, showcasing significant strength in BTC pairs. As liquidity shifts from Bitcoin to these alternative currencies, we may witness the onset of what is known as an altcoin bull market.

In an analysis by Jelle, he noted that there might be a potential surge at the start of the week, following volatile weekend patterns. Such fluctuations could mean a temporary decline in altcoins, presenting promising buying opportunities.

“Bitcoin might oscillate over the weekend and begin to ramp up early next week. This shift could lead to retraction in altcoins, offering attractive purchase prospects.”

If Jelle’s prediction holds, the potential weekend downturn could offer lucrative short selling opportunities on existing altcoin levels. Yet, if altcoins maintain their strength during Bitcoin’s downturn and rallies begin in Altcoin/BTC pairs, traders may find themselves caught in a precarious trap.

OP and SOL Coin

Solana $88 (SOL) remains relatively subdued compared to its past bullish runs this year. The meme coin enthusiasm has waned, which partly accounts for its current state. Furthermore, major financial institutions continue to favor Ethereum $2,399 over Solana, undermining its status as a game-changer against the industry giant.

Nonetheless, this does not negate the possibility of Solana reaching greater heights. The community remains optimistic, suggesting aggressive investors might initiate similar bullish movements when the time comes. In the short term, DaanCrypto predicts that if Solana surpasses the $180 threshold, it could ascend to $220, following familiar markers such as $188 and $203.

“SEI has begun to awaken and confirmed its bullish momentum. Now, OP is following suit, asserting its upward trend.”

Astutely observed by Poppe, the OP, long languishing, has begun its revival, exemplifying the initial discussion on BTC pair rises. Poppe, currently optimistic, highlights the potential for OP to achieve a 450% gain against BTC.

You can follow our news on Telegram, Facebook & Coinmarketcap & X
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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İlayda Peker 18 July, 2025 - 8:10 pm 18 July, 2025 - 8:10 pm
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By İlayda Peker
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