You can also read this news on COINTURK NEWS: Analysts Provide Insights on Current BTC Trends and SUI Coin Potential

About an hour ago, a popular cryptocurrency analyst shared their latest forecast for BTC. Following the recent decline, investors in altcoins are now anticipating a recovery. What insights does Roman, known for accurately predicting downturns, have in the current situation?

BTC Commentary from the Analyst Who Predicted the Decline

At the time of writing, the BTC price stands at $94,250, experiencing another round of declines in altcoins. Some altcoins are nearing a loss of 5%, adding to the damages from a previous significant drop.

The analyst known as Roman had predicted several major downturns previously. With the latest decline, interest in his commentary was high, and he examined the current situation in the 4-hour chart. Analysis within this short-term timeframe can provide insights on what to expect in the upcoming hours.

The individual sharing the above chart wrote:

“This recent close confirms bullish splits. Stoch has completely reset to move higher. It would be great to see a break to continue this range and start next week!”

“All this choppy consolidation between 90-100k was meant for a larger macro move.”

If BTC continues to stay above $90,000, it would only imply a delay in the bullish trend, suggesting that eventually, it could exceed $110,000.

Commentary on SUI Coin

While BTC lingers at risky levels, U.S. markets continue to face losses. Due to the holiday week, trading volumes in the cryptocurrency markets have weakened. Total volume has dropped to $130 billion, moving away from the days when it reached $300 billion. Investors hope for a market turnaround with Trump returning to power in the new year.

A decline was anticipated before Trump takes office on January 20. However, tangible actions from Trump once in office could provide lasting benefits to cryptocurrencies, potentially leading to a stable rise.

The SUI Coin chart shared by the analyst known as Yoddha reflects a belief in larger rises ahead. Although competition among smart contract platforms is increasing, investors are still viewing L1 altcoins, new to bullish markets, with potential, particularly in the case of Solana (SOL).

The post Analysts Provide Insights on Current BTC Trends and SUI Coin Potential appeared first on COINTURK NEWS.