Cryptocurrency enthusiasts have been eagerly anticipating the end of a prolonged consolidation phase. Although BTC made a convincing attempt this week, the new peak test appears to have ended in failure for now. What do experts predict for the current market trends?
Expert Insights on Cryptocurrencies
Bob Loukas advised to ignore the noise in today’s market assessment. Highlighting four-year cycles, he believes an impressive gains phase is about to commence, despite short-term concerns. We are now in the third year of this new cycle, suggesting the time is ripe.
“Bitcoin 
$99,272 isn’t concerned, it’s focused on its path.
Currently starting the third year of the 4-Year Cycle, most gains since the beginning have occurred during this period. Ignore the noise.”
Daan Crypto Trades noted that only days remain until the pivotal U.S. elections, which have everyone’s attention for a significant market shift.
“The Bitcoin chart looks good since it broke out of the downward channel and trades above the Daily 200MA/EMA. Regardless of the elections, I can say that it presents a beautiful bullish trend, awaiting all-time high breaks. But let’s wait and see what happens next week.”
What Lies Ahead for Cryptocurrencies?
Both the U.S. elections and interest rate decisions are crucial upcoming events. These will represent significant days for the market, and while Trump’s chances of winning are slim, impressive gains could still emerge. Investors eagerly await the outcomes of the next 48 hours.
Double-digit gain setups are starting to emerge in altcoins as well. Crypto Tony announced that he will take a long position on TIA Coin with a close above $7.3. Similarly, we should expect breakout movements in many altcoins.
Bitcoin’s price was struggling to maintain support at $68,300 as this article was being prepared. Despite witnessing major sell-offs on Thursday, the price has not permanently dropped below $68,000. While BTC dominance rises, altcoins remain weak.
In summary, everyone seems to be in a waiting mode, eager to see upcoming developments. Fluctuations in cryptocurrencies are likely, depending on events in the days ahead.
