As the article was prepared, Bitcoin (BTC) 
$89,100 price dipped below $106,000, losing further ground to settle at $106,800, fueling widespread losses across the cryptocurrency market. Analysts warn that continued declines could amplify these losses, suggesting potential for more severe downturns. For a detailed analysis of this dip’s causes, it is advisable to review the last few reports for updates. Therefore, what are analysts predicting for BTC, ETH, POPCAT, ETHBTC, and BTCD charts?
Analyzing POPCAT, BTC, and ETH
A general decline in altcoins is once again evident, as BTC fell below $106,800. This trend persists despite the return of billions to FTX and additional tensions in June linked to the Trump-Judiciary conflict, causing investors to exercise caution. Even after discussing potential rate cuts with Trump, Powell remains firm on his stance. The market awaits PCE data due soon.
Altcoin Sherpa highlights the POPCAT token, suggesting it could test a deeper bottom. Investors should remain vigilant around volatile altcoins as previous peaks might be at risk. The analyst expresses increased caution compared to two weeks ago, while awaiting further developments.
Noach has updated forecasts for BTC and ETH, noting that while the U.S. Appeals Court reinstated Trump’s tariffs, the reaction from both federal and regional courts remains uncertain. This volatility underlines the fragile market dynamics investors face.
According to Noach, BTC exited an ascending channel, subsequently driving a new all-time high, with current tests at the critical $107K-$108K level. This segment represents the last major support before potentially reaching $130,000.
For ETH, positive reactions around the $2,450-$2,475 range indicate potential for further gains. Should the Appeals Court’s decision against Trump hold, concerns over increased June tensions might stabilise, potentially reversing today’s downturn.
ETHBTC, BTCD and Market Forecasts
A noted analyst, under the pseudonym Efloud, shared four distinct graphs showcasing the current state of ETH, BTC, ETHBTC, and Bitcoin dominance in the market. Resistance for BTC is projected at $114,644, with critical support at $106,158. The price is currently below this support, with $100,000 being a vital barrier before a potential drop to $90,000.
For ETH, emphasis is placed on the $2,700 resistance level. If sales persist, ETH may decline through $2,140 and $1,850, potentially reaching severe lows of $1,690 and $1,430.
In the ETHBTC pair, the potential for a support test at $0.023 is possible. Despite ETH’s relative strength against BTC, its ability to withstand the broader market weakness remains a concern.
Lastly, Bitcoin’s dominance chart shows strong resistance above 64. Prolonged BTC sales may trigger further altcoin liquidations, potentially leading to a new annual peak of 67.45, with potentially destabilizing effects. Breaching below the 61% and 60% range could offer some relief for altcoin investors.
