BTC, ETH, ADA, DOGE and Altcoin Price Predictions Explained

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Bitcoin’s pullback is expected to find support near $79,000, but every recovery attempt is likely to be sold into.

Bitcoin has reached a crucial support, as a break below the $79,000 level may deepen the pullback.

Several major altcoins are facing selling pressure, indicating that the bears remain in the game. 

Bitcoin (BTC) extended its pullback on Wednesday and slipped below the $80,000 level. However, analysts remain optimistic about BTC’s prospects in the near term.

Analyst CRG said in a post on X that BTC did not break above the Ichimoku cloud even once during the previous bear market, and when it did, a new bull market started. Interestingly, BTC has risen comfortably above the Ichimoku cloud, weakening the comparison with the previous bear market cycle.

Another bullish projection came from Maelstrom chief investment officer Arthur Hayes, who said in a Substack post that BTC “retaking the $126,000 is a foregone conclusion.” He expects BTC to pick up momentum after breaking above $90,000, where “many call over-writers will rush to cover as their strike gets taken out.”


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