In the ever-turbulent realms of cryptocurrency markets, thousands of predictions and assessments are made daily, most of which end up being incorrect. Unlike traditional markets, cryptocurrencies are inherently volatile and filled with surprises. The current period is far from being ordinary or calm, especially with the chaos options left unchecked since Trump’s arrival. In light of this, why is Poppe so confident about VET Coin, and why does the crypto oracle foresee a Bitcoin (BTC) $117,559 decline?
Bitcoin’s Expected Decline
A decline is anticipated due to the current news flow. Today’s geopolitical tensions, such as Putin’s stance and secondary sanction threats against China (stemming from Russia), are contributing factors. Additionally, Trump’s statements on low oil prices and tomorrow’s Fed meeting add more reasons for volatility. Historical trends show downturns before Fed meetings, suggesting possible declines on Friday and Sunday when a new week’s high volatility begins.
Unless today’s fluctuations are a trap set by the bears, BTC might see lower levels by tomorrow. The price of ETH standing above $3,770 offers some hope amid uncertainties. What does the crypto oracle have to say? Crypto Traders Are Rushing to This App – Here’s Why You Should Too
“There is a bearish trend; everyone expects a rise, but a drop before a surge seems more logical.”
The analyst predicts a pullback towards the $112,000 region, where the market will decide if the rally continues.
VET Coin and Other Altcoins
BTC dominance is expected to drop, with ETH/BTC surpassing 0.033, marking the onset of an altcoin rally. Though it seems straightforward, constant near-misses can be frustrating. Without the 25 significant developments this week, the anticipated scenario might have materialized. The end of tomorrow’s Fed meeting is not the end, as market players will await inflation indicators, U.S. employment reports, and tariff implementations by Saturday.
Analysts, like Moustache, who constantly promise continuous rises, commented on the altcoin bull market a few hours ago.
“ETH/BTC regained the Gauss Channel after 5.5 years following a weekly high-low level. In 2017 and 2020/2021, this marked the period when the Altcoin market significantly outperformed BTC.”
Will history repeat itself? Only time will tell.
Michael Poppe has certain favorite altcoins, including LINK , ETH, and VET Coin, as he recently shared. The analyst notes a significant decline in VTHO inflation and expects this to be reflected in VET Coin prices.
“A mild downward correction takes liquidity on both sides, reduces volatility, and then expansion occurs. Being in a bull cycle, I assume the next rise will be higher than the previous.”
