BTC price fell below $96,000 at the time of writing, with trading volumes continuing to weaken. Cryptocurrency enthusiasts have eagerly awaited a market recovery for nearly 100 days. While February typically represents a period of increasing upward momentum, the nightmare is not over as the month draws to a close. What do the experts say?
The State of Altcoins
A downturn began in mid-December, and liquidity in altcoins significantly dried up with Trump’s inauguration. For a month, we have witnessed useless tokens on the Solana 
$85 network defraud the market of billions. Just when it seemed that everything was turning around, the Bybit exchange faced one of the largest hacking incidents in history.
Nevertheless, Miles Deutscher remains optimistic, believing that the anticipated recovery in altcoins is about to commence.
“According to trading volume, the dominance of altcoins exceeded 50% again last week. This indicates that interest is returning to altcoins. Risk appetite is coming back.”
Some altcoins remained motivated, despite the massive losses caused by the hack, but it remains to be seen if the distribution of volume will continue.
Market Overview and Predictions
Titan of Crypto claims a significant rally for Ether is imminent after years of stagnation. The weekly Stochastic RSI is poised to rise from the oversold region, suggesting a potential for a significant rally, similar to previous instances. If Ether succeeds, we could see a real temporary peak for altcoins in this cycle.
Columbus recently shared insights through regular market commentary, discussing his expectations for BTC.
“We now clearly have a higher low in this timeframe. Main liquidity is upward; I doubt we will soon retest at least the $100,000 level.
However, the CME close is near the last low, and naturally, there is liquidity below as well. If BTC first reaches this liquidity, the CME gap may either not form at all or close immediately, which would be my most bullish scenario (of course, if it then rises).”
“The EMA50 on the 4-hour chart is a good indicator for short-term price movements (refer back to the above chart). Break above the EMA and head towards $100k.”
