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The price of Bitcoin 
$105,355 has retreated to $62,700, primarily due to Saylor’s BTC purchases. While analysts effectively predicted the dips, the market has a history of falling after announcements. Let’s delve into the forecasts from various cryptocurrency analysts regarding Bitcoin and the general market, as well as those specific to SOL Coin.
The Future of SOL Coin
Despite experiencing impressive weeks in 2024, the decline in investor risk appetite has reversed SOL Coin’s positive trajectory. Currently, due to the Solana 
$148 event and market expectations for the third quarter, SOL Coin continues to rise by 5%. The price of $147 aligns with the targets mentioned previously.
The chart shared by the analyst known as XO indicates that the upward trend for prices is likely to continue. As the largest competitor to Ethereum 
$2,535 distances itself from support levels, it must now push towards the $250 target.
Bitcoin and Cryptocurrencies
For altcoins to experience consistent gains, the BTC price must reach a true peak. The graph shared by Jelle highlights the potential for an upward breakout due to the return to the upper region of the channel. A critical point for BTC is $65,000, and the current price is not far from this mark.
Recalling that the last major drop began at the $65,000 resistance, bulls must prove that a change is afoot as the Fed moves to cut interest rates. Jelle noted:
“Returning to the upper regions of the channel confirms that new local peaks above $65,000 are imminent. The stars will soon align for a journey to the moon. Let’s get started.”
Another analyst, Feyronn, echoed Jelle’s sentiments, emphasizing that rapid rises would commence with closures above $65,000 while noting the strength of the $53,000 support level.
As U.S. stocks remain strong with interest rate cuts, and Gold hits new records, Bitcoin holds steady at the critical support level of $61,700. These factors may soon encourage altcoin investors. However, it will take some time for investors, who have been left empty-handed after each upward attempt for two quarters, to regain complete confidence.
