- More red on the horizon for BTC says reputed analysts.
- Despite the dip coming, most remain bullish for Bitcoin’s future.
- Analyst sets new cycle top targets for altcoin VELO.
Analysts are watching Bitcoin charts closely as the pioneer crypto asset hovers along the lower $80,000 price range. Presently at $83,000, the price of Bitcoin is expected to recover and hit higher highs in the long run. However, analysts believe more red is on the horizon for BTC while altcoins like VELO show signs of a possible 12x pump in the coming bull market days ahead.
More Red on the Horizon for Bitcoin (BTC)
The price of Bitcoin has had a poor performance in Q1, a far cry from the exceptional performance of Q4 2024. The fall of the 4-year cycle has also improved sentiments for the price of Bitcoin to improve this year as most expected the bull market to end based on the previous 4-year cycle pattern. The new structure forming for the crypto market now hints are a double cycle top pattern for BTC.
These double-top patterns include multiple explosive price predictions which can propel the price of BTC from its current 6-digit ATH prices to those of much higher targets between $116,000 to $250,000 and even explosive cycle top prices from $350,000 to $500,000. Despite the many bullish predictions, a few reputed analysts believe a fall in price is likely for BTC before a recovery will take place in May.
One silver-tongued analyst expects the price of BTC to fall further to the $50,000 – $60,000 price range before a strong upward movement towards new ATH prices. As we can see from the post above, another popular analyst also expects more red on the horizon for Bitcoin (BTC). She says while this is unfortunate, it will most likely turn into an uptrend towards new hights after the lows are set. She ends the post with a message to stay strong and hold for explosive gains.
Analyst Sets Cycle Top Target for Altcoin VELO
While Bitcoin continues its struggle, analysts are making a list of the many altcoins showing strong pump potential for the upcoming altseason peak phase. As we can see from the post above, VELO is one such altcoin showing strong promise for a bullish upward move. In detail, the post goes on to highlight the fact that VELO prices have maintained more than a 12X pump in price since the bull market began, despite the many market dips so far.
Furthermore, VELO prices seem to have done this while most altcoins have yet to truly enter their most dominant phases and can be closer than ever to doing so. The analyst concludes by sharing his overall pump targets for VELO price between $0.95 and $1.65.
