What can we expect from the crypto market in the short term? Here are the trending topics...

Crypto News - Bitcoin price is still giving warning signals on larger time frames. Additionally, the Bitcoin liquidation heat map confirms the downward outlook. Ethereum price is also breaking below the support line aiming for very low levels. Solana price is breaking downwards with a similar outlook. XRP price is moving towards a major downward deviation. Now, we will evaluate the price expectation forming around Bitcoin price.

Analysts Are Expecting This Level!

Bitcoin price has reached a range of 83,000 to 87,000 dollars. According to the general market view, Bitcoin needs to stay above 87,000 dollars to invalidate the downward outlook. Otherwise, larger declines may be on the horizon. Poppe predicts a drop of up to 70,000 dollars if the Bitcoin price cannot hold in this range. This aligns with the point market participants have been waiting for a long time.

The leading names in the market, especially towards the end of December, were expecting Bitcoin to drop to $70,000. However, after this drop, they were expecting Bitcoin to quickly recover and test new ATHs. Approximately 2 months later, the Bitcoin price is exhibiting price movements that align with these predictions. In the following sections of this article, we will examine the trend altcoins list shared by Santiment.

Altcoins Settling into the Agenda of the Crypto Market

1. Raydium Protocol (RAY): Raydium, a DeFi protocol operating on the Solana blockchain, was significantly impacted by a recent update from a competing platform. These speculations significantly influenced investor sentiment, leading to a decline in the RAY price.
2. Bitcoin (BTC): Amidst the decline in the crypto market, Michael Saylor announced a new Bitcoin purchase, attracting the community's attention amidst the price fluctuations.
3. Frax Share (FRAX): There are many new proposals regarding the token nature of FRAX, the first algorithmic stablecoin. Although it is not clear how the coin will react to these proposals, mixed predictions are emerging.
4. Ethereum (ETH): Trying to benefit from the potential of the artificial intelligence sector, the market leader altcoin asset is making a name for itself with the announcements of the new GrokAI3.0 project in light of advancements in AI technology.

The information in the text is purely for informational purposes. It does not constitute any investment advice. Author and kriptoparahaber.com are not responsible for any profit or loss arising from your investments. In the end, investment is based on many principles such as knowledge, experience, research, and personal decisions.

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