Cryptocurrencies started the week on a positive note, with Bitcoin $91,794 maintaining its position above the crucial $65,000 level at the time of writing. Altcoins also experienced gains of over 5%. The increasing volumes alongside rising prices present a highly encouraging scenario. What are the latest views on ETH, BTC, SOL, and XRP coins?
Bitcoin and ETH Forecasts
For over six months, the cryptocurrency markets have not progressed in the direction desired by investors. Each time BTC attempts to break the $65,000 mark, it ends in disappointment. Gradually, we have witnessed a decrease in risk appetite among altcoins as a result.
Despite entering the last quarter, the decline in risk appetite has kept altcoins at significantly low levels. Will Bitcoin succeed this time? In a recent assessment, Michael Poppe stated the following regarding BTC:
“Bitcoin is breaking upwards. We should move higher in the coming weeks, but I suspect we will undergo more consolidation before continuing. This is just a repeat of 2023.”
For altcoins to see significant rises, ETH bulls must initiate a rally. Carl believes this will begin soon with a breakout from the technical formation.
“Ethereum $3,089 can emerge from this Symmetrical Triangle at any moment! The target is $3,400.”
XRP and SOL Coin Predictions
In this bull market (if we are starting one), XRP Coin may experience limited growth due to legal issues. An annual token inflation of 6% combined with the potential for prolonged court challenges may negatively impact risk appetite. The fundamental problem lies in the risk that favorable decisions for XRP Coin could be overturned in the appeals process, limiting investor enthusiasm.
Although Tony mentioned a long position could be taken above $0.66, the price remains significantly below this crucial level.
The focus of the fifth and final analyst is on the altcoin Solana $233 (SOL), with Phoenix expecting a new movement at the $210 breakout level.