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Bitcoin’s price currently stands at $102,300, with altcoins experiencing a decline. Despite AVAX achieving significant gains yesterday, today it continues with a 7% decrease. Cryptocurrency investors did not anticipate such a scenario following positive inflation figures. However, it is essential not to forget that delayed pricing is inherent in the nature of crypto. What is the sixth occurrence, and why is it expected to be the last one?
Will Cryptocurrencies Rise?
According to Binance TR data, Ethereum’s price is $2,538 or 98,500 TL. While it’s unfortunate that the largest altcoin by market cap has paused its upward journey, consolidating around the $2,500 band is relatively favorable.
Bitcoin 
$119,377 has seen six major pullbacks in this cycle so far. Jelle, in today’s evaluation, mentions, “If we’re lucky, there will be one more.”
“There have been six major pullbacks in this cycle so far. If we’re lucky, we might get one more – nevertheless, the end of the game is drawing near. Enjoy the run while it lasts and remember to take some profit.”
The potential pullback is expected to trigger movement towards the final big peak, signaling a larger upward trend.
Washigorira highlights a key area that will act as support.
“BTC is currently retesting the daily Fair Value Gap and could soon revisit Tenkan. This is a strong confluence area that could support a potential bounce. Volatility might increase rapidly, with the next major move likely loading.”
While BTC hasn’t reached $100,700 yet, it stands at $102,100 and might soon test the area before bouncing back. Perhaps this expectation triggered quick sales in altcoins recently?
Ethereum (ETH)
Ethereum 
$3,414 hovers around $2,500 after gaining nearly a thousand dollars. It deserves a break despite reaching the resistance level. Even important players in its ecosystem, like PEPE Coin, have earned triple-digit gains. So, what path will ETH take before reaching $4,000?
“ETH has hit a higher timeframe resistance area and will see another accumulation phase before breaking upwards. Below $2,400 is a great buying opportunity before ETH surpasses $4,000.”
