As of the writing of this article, Bitcoin (BTC)
$86,399 is priced at $87,720, with SHIB showing a 15% rise today. Some altcoins have experienced significant double-digit fluctuations over the past few days. However, it is still too early to discuss a general market recovery. What are the latest predictions regarding the future of cryptocurrencies?
The Cycles of Cryptocurrency
Even experienced investors have faced challenging days. Many altcoin investors have not seen the anticipated rises for years. Key events, such as the halving and Donald Trump’s presidency, have occurred, yet a stable upward trend for altcoins has not begun.
Jelle shared the graph below to answer those curious about our current position in the cycle.
“Bitcoin cycles tend to peak approximately 475 days after the halving event, and each cycle has lasted longer than the previous one. We still have over 130 days until we reach that 475-day goal. There is plenty of time for excitement.”
While this may sound prophetic, BTC might reach its actual peak in about 130 days, which could initiate the expected rallies for altcoins.
Altcoins and BTC Predictions
Sudden fluctuations of $500 are not surprising for BTC these days. The upcoming PCE data on Friday and tariff announcements on April 2 are two major triggers awaiting their turn. The Friday data is expected to be supportive, and some relaxation regarding tariffs has already been priced in this week. If we see a consensus beyond what has been priced in, a further increase is likely with the tariff announcement.
In a contrary scenario, we may see a return to the $77,000 region. DaanCrypto commented on the current situation:
“BTC liquidity is at $89K+ and below $83K. The $89K-$90K level corresponds to the previous low and is a key level. I want to see daily closes back above to confirm the range has been reclaimed, as we cannot celebrate without seeing these closes; otherwise, it could just be a liquidity sweep/stop hunt.”
At the time of writing, BTC experienced rapid fluctuations around $86,500, and volatility is significantly increasing. Poppe reiterated his target for LINKCoin, stating that it has started its next upward leg.
