As the cryptocurrency world continues to be busy, MicroStrategy’s Bitcoin (BTC)$BTC
The company's continued purchases have brought the BTC price back to the agenda. The company's increase in Bitcoin reserves has strengthened optimistic expectations for the future of the market. Experts point out that BTC's price movements directly affect the entire cryptocurrency market, including altcoins. The BTC price's return to six-digit levels is of critical importance in terms of compensating altcoin investors for their losses. While BTC is currently trying to remain stable at mid-levels, analysts state that $100,000 is an important breaking point. However, it is stated that serious losses could be experienced in the altcoin market if BTC falls to $92,000.
In the altcoin market, ZEN Coin stands out. According to the analysis, such altcoins can sometimes experience long-term accumulation periods and this can create buying opportunities. However, it is emphasized that investors should be patient for these coins to gain value. IOTA Coin, a well-known altcoin in the past, is also on investors' radar. In the latest evaluations shared by a Turkish analyst, it is stated that there has been a decline in IOTA's price and that it has shown recovery at certain support levels. In particular, it is stated that some critical levels must be exceeded in order for IOTA to reach significant resistance points.
It is stated that the $0.37 region is a critical resistance point for IOTA. It is emphasized that the areas marked with green boxes may be more suitable for those who plan to invest. Although the chart followed so far shows an 18% jump, it is stated that this movement should turn into a stronger rise.
The future course of BTC in the crypto market is likely to continue to influence the overall state of the altcoin market. Analysts recommend investors to carefully monitor market dynamics and consider possible risks.