Overview: Bitcoin's short-term forecast is between $62,000 and $63,000; A break above $62,000 could bring it closer to $65,000. It would be encouraging if we could close above these levels this week. However, Bitcoin could also revisit its recent lows, possibly falling to $56,000 – $57,000 before rebounding. $BTC dominance is expected to decrease during these changes, which could benefit altcoins. Despite the recent decline centered on $BTC, altcoins have shown resilience and broken their short-term patterns. In the near term, this points to a positive picture, but longer-term patterns will depend on when BTC ends the week. Can Altcoins Reach the Moon? While there may be minor setbacks, altcoins are likely to see more price increases soon. The loss of support for $BTC supremacy suggests it may continue to decline, which is usually beneficial for altcoin performance. In case the dominance and other bearish signs are correct, the cryptocurrency value could return to where it was 4 weeks ago. When compared to Bitcoin, my best performing altcoins include Injective ( $INJ ), Chainlink ( $LINK $, Solana ( $SOL ), $ADA and $NEAR . After the oversold period against Bitcoin, a Some cryptocurrencies, such as $INJ and $LINK, are starting to show signs of recovery, which could see them outperform Bitcoin in the coming weeks.
If you have questions about the market or want to join the trading group to receive signals, contact zl o33.996.7269
