As of the time of this writing, BTC’s price has dropped to $93,700, and it is crucial to maintain the $93,200 support level.
Despite a busy week filled with significant developments, there is a growing expectation among market participants that the prolonged phase of declining prices is approaching its end. What lesser-known altcoin did Poppe recommend, and what were experts’ predictions for BTC prior to the recent downturn?
Insights Before the Bitcoin Decline
In the past 24 hours, BTC’s price rose to $93,630; however, fluctuations in the stock market following the U.S. market opening impacted cryptocurrencies as well. This week, numerous important U.S. economic indicators will provide insights related to both recession and inflation. Additionally, these data will be useful for understanding the early effects of tariffs on the markets.
Jelle updated his Bitcoin forecast during the U.S. market opening, stating:
“Low timeframe charts look entertaining. They tried to trick you with illiquid weekend fraud, but it seems like #Bitcoin’s rebound is imminent. A higher low level would be a gift.
$100,000 – very soon.”
In summary, Jelle responds negatively to the question of whether BTC will fall further, viewing potential corrections as short-term traps.
The chart shared by Poppe shows that altcoins have started to gain momentum following a 9% increase in Bitcoin (BTC) $93,809. The analyst expects this upward trend to continue, indicating that as long as BTC remains above $90,000, a positive sentiment will persist throughout the rest of the cryptocurrency market.
WAL Coin Commentary
Though it may not catch the attention of most investors, Michael Poppe sees an opportunity here. Sharing insights on the WAL Coin chart, he believes in the potential for the Walrus project to achieve more. The vertical growth potential in the DePIN sector underpins this optimism, and of course, Poppe does not possess a crystal ball, urging investors to conduct their own research and strategies.
“WAL continues to show strength. Personally, I like the project because it is part of DePIN in $SUI. Our Venture Capital believes that DePIN represents a significant vertical in the industry, so we invest in many DePIN protocols. Walrus is incredibly strong and currently ranks among the top 100 protocols, buoyed by the overall strength of the $SUI ecosystem. A major event is approaching: SUI Basecamp, the ecosystem’s most critical event. We are looking forward to it!”
