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Price predictions 2/4: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, BCH, HYPE, XMR
Bitcoin bulls attempted to start a recovery, but the bears sold at higher levels and pulled the price below $72,169. Galaxy Digital research lead Alex Thorn said in a note on Monday that BTC could plunge to its realized price of $56,000 over the coming weeks due to the lack of catalysts to reverse the trend. Not everyone is bearish on BTC as select analysts anticipate a bottom soon. Bitwise chief investment officer Matt Hougan said in an article on X that the crypto markets are likely to “come roaring back sooner rather than later.” However, according to one historical pattern, BTC’s recovery may take time. ... (full story)
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