Bitcoin (BTC) 
$105,151 price continues to hover around the $89,900 mark, with XRP Coin currently benefiting from the situation. It appears that Gensler is likely to resign soon. This development is expected to positively impact all altcoins, at least supporting the rise of XRP Coin and ADA for now. What are the latest predictions from experts?
Will Altcoins Rise?
Despite a dip in BTC price, it still maintains significant levels, and its consolidation around $90,000 is seen as positive. A continuous rise would make trading straightforward for everyone. Therefore, the periodic declines in cryptocurrencies are meaningful. An analyst known as Crypto Rover shared a chart indicating that the expected breakout for BTC has already occurred.
If Rover is correct, BTC should soon rise to $150,000. Michael Poppe noted the following about altcoins:
“Markets are undergoing a slight correction, but the trend is upward. Altcoins will likely continue moving upward, and I am buying the dip. I expect a turnaround within the next 1-2 weeks.”
The analyst anticipates that the market value outside of BTC and ETH will rebound to $1.12 trillion, currently sitting at $746 billion.
Comments on NEAR Coin
In today’s analysis, Waleed examined the position of NEAR Coin in BTC pairing. He mentioned that an upward trend has begun from the bottom and expects at least a 100% increase in BTC pairing. If this increase occurs when BTC hits six-digit prices, NEAR Coin may reach new historical highs.
The same analyst’s evaluation in dollar pairing is also impressive. In an environment where the $5.32 level is maintained, he targets $7.42 and $9. Notably, the last BTC surge has yet to be fully priced for altcoins.
When BTC was priced at $70,000, altcoins were far beyond their current levels. However, despite this obvious opportunity, traders remain hesitant due to various risks and erratic movements experienced in recent months. Another crucial detail is that while BTC targets new all-time highs, many traders are looking to capitalize on this situation. Many experienced traders, guided by past cycle experiences, prefer to earn profits with BTC first and then catch the upward movements in altcoins to multiply their gains.
