The cryptocurrency market has faced a challenging first quarter, with a dismal start to the second. Although Bitcoin $94,346 has not experienced massive losses, altcoins have suffered as a result of consistently weak movements, amplifying their losses due to Bitcoin’s performance. At this juncture, many cryptocurrencies are trading near or below last year’s lows, raising the question: Will cryptocurrencies rise again?
Signals of a Cryptocurrency Rally
There has been frequent news regarding tariff negotiations. Last month, Trump consistently stated, “Tariffs are coming, and there will be no backing down.” Many were expecting rates that would eliminate the need for stepping back. However, the rates turned out to be terrible enough to set off recession alarms for the country.
Now, Trump has shifted his tone and is engaging in negotiations, with his team speaking positively about successful discussions. This suggests that we have reached the peak of fear and are beginning to descend. Indeed, CryptoCon claims to have received confirmation for a bullish trend from a different perspective.
“Bitcoin has transitioned from depression to boredom and indifference. Historical volatility has dropped to extremely low levels for the fourth time in this cycle. Each time this occurs, a bullish trend has followed. Furthermore, there are two indicators suggesting that the entire bull run is still on the table:
Such low volatility movements have only been seen before bull run parabolas.
There hasn’t been any movement approaching the cycle’s highest volatility.
Weak players in this cycle are being completely wiped out. It’s time to decide which side of history you want to be on!”
Forecasts from Cryptocurrency Experts
While preparing this article, Ali Martinez noted that ONDO Coin is consolidating within an ascending channel, highlighting that it should be watched closely as it approaches $0.73 this week. This indicates a potential bottom test.
Washigorira mentions that following the bottom test, Ethereum $1,800’s price is moving back toward $3,600.
Similarly, Crypto Fella has indicated comparable insights.
“Ethereum is testing significant levels. I believe a bottom point is near.”
Currently, BTC is priced at $84,800, with recent statements from Fed members focusing on inflation risks and recession concerns. Powell believes there is still time to act, with the next Fed meeting in 22 days and 22 hours.