Bitcoin (BTC) bulls are eyeing the $80,000 level as a crucial support point. Could this be the start of a recovery? 🤑
Bitcoin: The Calm Before the Storm? ⚡
Bitcoin’s battle between bulls and bears has been intense lately. After struggling to rise above resistance, the price has found itself in a tight spot around $82,497. Veteran trader Peter Brandt even suggests Bitcoin might hit $65,635 before it recovers. 😬
However, not everyone is bearish. Analyst Stockmoney Lizards believes Bitcoin’s local bottom is between $82,000 and $80,000, with a potential rally starting soon. 🚀 If Bitcoin holds strong at this level, we could see it surge toward $95,000 or even $100,000 in the near future! 💥
But, beware! If Bitcoin drops below $80,000, the bears might take control and push prices to $76,606. 🔻
Altcoins to Watch: TON, CRO, MNT, and Render! 💹
As Bitcoin stabilizes, altcoins are showing promising signs of life. Let’s take a look at the top altcoins ready for their own rallies:
Toncoin (
$TON ): Bulls Are Back! 💪
Toncoin is bouncing back strong from its moving averages. With an uptrend forming, if the price breaks above $4.14, TON could rally to $5 and beyond. If it drops below $3.30, however, it could fall to $2.81. Keep your eyes on the $4.14 mark for a potential breakout! 📈
Cronos (CRO): Breaking Out of the Downtrend 📊
CRO has been showing signs of life after breaking out on March 24. The price has found support at $0.10, and if bulls can push it past $0.12, we could see a rally toward $0.14. The battle is still on between bulls and bears, so watch for a break above $0.11 to confirm bullish momentum! 💥
Mantle (MNT): Testing Key Levels 🔍
Mantle is testing crucial support at $0.80. If it rebounds, we might see it soar to $0.94, and eventually $1.06. But if the price breaks below $0.77, the bears could take over and push it toward $0.72. A break above $0.85 is the key to higher gains! 🚀
Render (RNDR): Is the Downtrend Over? 🤔
Render has been on a rough ride, but the bulls are fighting back! After pushing above the 50-day SMA, RNDR is testing key support at $3.57. If it holds and rallies past $4, we could see a breakout to $5 or even $6.20. However, if it falls below $3.05, the bears might take control. Watch for a close above $4.20 for the next big move! 🔝
Final Thoughts: Altcoin Season? 🌕
With Bitcoin possibly bottoming out around $80K, altcoins like Toncoin, Cronos, Mantle, and Render are setting up for potential rallies. 📈
Stay tuned! If Bitcoin finds its footing, these altcoins could be the next big movers. 🚀 Ready to ride the wave? 🌊
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