• Bitcoin’s dip claimed to be a continuation of the market correction which began yesterday.

  • Analysts find bullish patterns reflecting across many altcoin including WTK. 

  • WadzPay analysts expect WTK to breakout to the upside soon.

Bitcoin’s dip in price towards the $61,000 level is being called a result of the growing strife in the Middle East and its potential war. This claim however, is being refuted by many reputed crypto analysts who are calling the dip a continuation of the price correction which began yesterday. 

Crypto Market Continues Correction, Unfazed By Political Strife

This is what happened today – nothing to do with wars.This is the heatmap on #Bitcoin. The yellow lines were long traders. They got swept. Price makes narritive. pic.twitter.com/jzttlhEkBa

— MartyParty (@martypartymusic) October 2, 2024

In detail, more than a handful of renowned crypto analysts are pleased to see the healthy correction draw out a little longer. They believe this will prepare the market for a healthy and steady price pump as Q4 is expected to be a highly bullish quarter especially as 2024 is a Bitcoin Halving year. 

This sentiment is further boosted by the fact that FED rate cuts, China’s economic pump, and the US Presidential all bode well toward a parabolic crypto pump in the coming weeks and months. This bullish expectation is now seeping into the altcoin sector as well where many analysts are keeping a close eye on their favorite altcoin charts to predict the next price pump.

To highlight, one of the most bullish altcoins this bull cycle is WadzPay (WTK). This altcoin was highly bullish last quarter and was expected to make a massive pump during its tier-1 listing launch. Unfortunately, the asset faced an opposite reaction as failure to meet promises in time led to a collapse to the price.

Altcoins Remain Bullish, WadzPay (WTK) Rise Ahead?

The WTK team responded swiftly with a promise of allocating resources to launch its WadzPay Chain. This promise is yet to be delivered from the team. While some online sources claim the testnet is live, there is still yet to be official word from the WadzPay team. 

I have good news and good news!Look what i found, a triangle! Second good news, the triangle will be the fuel for the break of the downtrend trendline! $WTK @WadzPay is fuelling for greatness! pic.twitter.com/NA8YecdtAh

— CryptoHunter(WTK) (@Crypt0_Hunter_) October 1, 2024

As for the price of WTK, the post above explores a high possibility for a pump in price as the analyst observes the formation of a falling triangle. The break of this downtrend pattern could fuel a major pump for WTK. Will the altcoin recover before WPC launch?

The post WadzPay Prepares to Break Downtrend Pattern, Could WTK Price Pump as Bitcoin Makes its Rally? appeared first on Crypto News Land.

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