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Analyst Reveals Bitcoin Bottom Line for Current Price Action, Expects New ATH Prices This Year
The crypto market has recently experienced a relieving surge after the announcement of Trump calling off the tariff war. The initial tariff declaration led to a decrease in BTC price from $83,000 to $75,000. However, instead of further market corrections, the situation evolved into a recovery state.
According to recent analysis, it appears that all CME gaps have been addressed, implying that Bitcoin could set a bottom before surging up to reclaim prices higher than its current range of $85,000-$86,000. The analyst emphasizes the importance of holding onto this level in order for the structure of higher highs and higher lows to remain intact, paving the way for much higher new ATH prices for BTC.
Furthermore, it’s not just Bitcoin that is showing promise; capable altcoins are exhibiting strong bullish signals as well. Ripple’s XRP stands out specifically as one of the most resilient and promising altcoins in this bull cycle. As seen on a macro, bimonthly, and 3-month chart level, XRP displays an unbroken bullish trend, hinting at a new ATH ahead.
In conclusion, it appears that both Bitcoin and certain altcoins are setting themselves up for significant price increases in the near future.
Source: https://cryptonewsland.com/bitcoin-bottom-line/
