Bitcoin Crash Over? Top Trader Predicts Massive Recovery & Altcoin Boom!

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Coinpedia 9 months ago 2637

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Bitcoin, the world’s largest cryptocurrency, has dropped over 15% in a week, hitting a low of $82,340. While this fall has sparked fears of more losses, Crypto trader Crypto Banter analysts believe a strong recovery could be coming. With liquidations already happening, Bitcoin’s next move could either shake out weak hands or trigger a sharp rally. Meanwhile, altcoins are showing signs of strength, hinting at a possible breakout soon.

Bitcoin Ready For V-Shape Recovery?

According to Crypto Banter analysis, Bitcoin has been facing strong resistance after breaking below key support, recently dipping to $82,000. While this move has triggered concerns of further downside, analysts at Crypto Banter suggest that a strong V-shape recovery could be on the horizon.

Meanwhile, Crypto Banter outlines two possible scenarios for Bitcoin’s next move:

Final Dip Before Reversal: Bitcoin might drop to the $79,000–$81,000 range before rebounding toward $90,000 and higher. This shakeout could remove weak hands before the market starts climbing again.

Immediate Recovery: If Bitcoin stays above $82,000, it could quickly regain $90,000 and continue toward $100,000, which could trigger a strong rally in altcoins.

The market is at a crucial point, and Bitcoin’s next step will decide if it continues to rise or stays stuck in a sideways phase.

Altcoins Preparing for a Breakout?

Bitcoin dominance is falling, which could mean altcoins are preparing for strong moves. At the same time, USDT ($1.00) dominance is dropping, showing that traders are shifting funds back into altcoins. This growing confidence could signal the start of an altcoin rally.

Ethereum (ETH ($2,948.30)) is already showing strength, bouncing back from its lows and now aiming for $2,500. If it breaks above this level, ETH could climb toward $3,000.

Meanwhile, Solana (SOL ($124.58)) is also holding support around $130, with analysts expecting a move to $160. If momentum builds, SOL could reclaim $200 and enter price discovery, further boosting the Solana price.

Crypto Market To Trigger a $6B In Liquidation

According to Crypto Banter, Bitcoin has already seen big liquidations on the downside, with many traders now going long between $83k and $84k. This means the market could now move higher.

If Bitcoin climbs above $90k, it could trigger $3 billion in short liquidations. A push to $95k could lead to $6 billion in liquidations, forcing short traders to buy back, which could drive prices even higher.



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