The price of Bitcoin (BTC) $94,484 has dropped to $93,800, causing analysts to predict potentially deeper dips. This week has not started well for cryptocurrency investors, and the losses in the U.S. stock markets are exacerbating the situation. But what do analysts say about the recent predictions for SUI, Ethereum (ETH) $1,815 , and Bitcoin (BTC)?
SUI and ETH Observations
The price of ETH slipped back below the $1,820 threshold. If ETH falls below $1,700, it could cause further difficulties for altcoins, which already struggle to keep up with BTC’s price surges. While altcoins fail to accompany BTC during rises, they continue to suffer during downturns.
During these cloudy times, are there any opportunities with altcoins? CryptoBullet shared insights on SUI Coin, forecasting that SUI might replace Solana $146 in the upcoming months. This bold prediction pushes the idea that SUI might achieve double-digit figures and suggests a lower peak for SOL between $190 and $230.
This ambitious prediction isn’t isolated, as similar expectations for SUI have grown recently. The analyst’s graph highlights SUI’s potential gains against SOL, showing a massive price movement through a Cup and Handle pattern. The suggestion is that SUI will surge while $SOL gets left behind.
CryptoFella turned its attention to ETH, noting institutional interest in the leading altcoin . Despite months of considerable losses, there’s a projection that patience with Ether will be rewarded. The chart indicates a broken downward structure, hinting at a possible bullish momentum in ETH’s future.
Bitcoin (BTC)
Under $95,000, BTC creates anxiety for altcoins. According to Carl Moon, the ascending wedge has broken, signaling the rally’s end. The lack of volume during the rise suggests that this surge may have concluded before taking off.
The crypto world is full of surprises and new adventures could emerge. However, Moon warns that if the $91,700 support breaks, sales towards $88,500 could accelerate.
