As of the time this article was prepared, Bitcoin’s value had declined to $94,200, initiating a selling wave with the opening of the U.S. market. For Bitcoin
$93,959 to continue its upward trend, it must maintain a support level around $93,200. What are the latest predictions from crypto experts? What can enthusiasts expect?
Bitcoin (BTC) Insights
Sherpa noted in today’s assessment that Bitcoin is preparing for a new attempt at $109,800. Following a prolonged accumulation phase, BTC experienced a bullish breakout but has not yet returned to the anticipated peak region. After testing its all-time high, analysts expect a local peak and a setback to $100,000, anticipating that this will pave the way for even higher peaks.
However, as May approaches, the traditional “sell in May and go away” mentality could dominate the market. This suggests that buyers may become less enthusiastic, leading to lackluster movements due to weakened trading volumes.
Should there be an exception, the expectations for continued interest rate cuts by the Fed in June could inject vigor into the crypto market.
TraderSZ recently shared a graph suggesting that by the end of the year, BTC prices should peak around $144,221 according to technical indicators.
Fartcoin and PEPE Predictions
Altcoin investors are still facing challenges. The inability of Bitcoin to surpass the pivotal six-figure zone above $94,000 remains discouraging. While recent tariff-related statements have softened, tangible agreements are necessary, and conflicting reports about discussions with China need to cease.
The Treasury Secretary stated that we would see the first trade agreement by next week. If this occurs, the anticipated support for cryptocurrencies could materialize. Analyst Sherpa, known for his insights on altcoins, shared a graph for his favored altcoin, Fartcoin, noting potential fluctuations.
“It wouldn’t be surprising to see some pullback here, but remember that the warming weather will lead prices up. There are three scenarios, all largely depending on BTC. I believe this is simply ongoing.”
In the analysis of PEPE Coin, the expert indicates that the long period of BTC suppressing altcoins is nearing its end, signaling that the time has come for a shift.
