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Bitcoin (BTC) 
$105,682 dropped to $95,000, reaching a daily low of $94,525. The continuation of this decline remains uncertain, especially since there had been a consistent rise following the election results. A pause in this upward trend would not be surprising. What do experts currently predict about the altcoin market?
Altcoin Commentary
With Ethereum 
$2,526‘s (ETH) price surpassing $3,500, hope among altcoin investors has increased. The recovery in the ETHBTC pair suggests that BTC may begin to loosen its grip. If the anticipated scenario plays out, a new bullish phase for altcoins could commence.
Analyst Jelle noted that we have entered a period of parabolic rallies for altcoins, as evidenced by the graph he shared. He compares this to previous cycles, indicating that after a 650-day accumulation, the current movement should be expected.
The same analyst analyzed BTC’s monthly performance compared to previous years, stating:
“Bitcoin is still progressing as planned. September ended positively, historically suggesting that October, November, and December will also close positively. So far, so good. Keep pushing everything higher!”
AGX and ZK Price Predictions
Recently overshadowed altcoins include AGX and ZK Coin. An analyst named LSD claims that an upward movement for AGX has begun, projecting a price increase to $0.20. Currently priced at $0.136, the coin could focus on upward targets with closures above $0.0783.
CryptoBullet previously predicted a rise for ZK Coin and anticipates new movement toward $0.225 after a more than 18% increase.
The total value of cryptocurrencies stands at approximately $3.27 trillion, with trading volume exceeding $214 billion. Although BTC’s market dominance has loosened, the overall market value is declining. Nevertheless, ETH has remained relatively strong, contributing to a rise in the ETHBTC pair. The upcoming daily close will determine if anticipated gains in altcoins can be realized.
At the time of writing, BTC was continuing the day with a 1% loss while ETH was up by 4%. Accelerated selling below $94,500 could negatively impact altcoins.
