Bitcoin Price Weakens: Analysts Point Out Golden Opportunities to Buy Altcoins!

Updated

June 5, 2025

Gambar Bitcoin Price Weakens: Analysts Point Out Golden Opportunities to Buy Altcoins!

Jakarta, Pintu News – Bitcoin is currently fluctuating between support and resistance, but the trend is still toward bullish dominance. This can be seen from its ability to stay above $100,000, a psychological level that determines the direction of its next move.

Crypto analyst, Xanrox, predicts that Bitcoin (BTC) will see a decline after hitting a new record high near $112,000, which will push altcoin prices down further.

Causes of Bitcoin Price Decline

The recent decline in Bitcoin (BTC) price is due to the currency’s break out of the ascending parallel channel that formed when the price moved from $74,000 to $112,000. This is evident from the downward trend that took Bitcoin (BTC) from $111,000 down to $103,000, before a recovery rally took place. The analyst suggests that this is the beginning of a deeper downward trend.

With the expectation that the Fibonacci levels will drop to 0.382, then 0.500, and finally 0.618, the analyst predicts that the price of Bitcoin (BTC) will drop to around $98,000. At this level, it is considered a good time to start buying. In addition to the chart formation, Xanrox also highlighted the presence of an unfilled Fair Value (FV) Gap at those levels, which once filled, would be an excellent buying level before the next wave of gains.

Also Read: Shocking Prediction of Long-Term Analysis by Javon Marks: XRP Price Could Hit $21?

Best Time to Start Buying

If this drop happens, then altcoins are expected to fall further from here. This would put them at excellent buying levels, especially since altcoins are so close to their all-time lows. However, once the first Fair Value (FV) Gap is met and there is no strong momentum, the second Fibonacci level at 0.500 would put Bitcoin (BTC) price at $92,000.

Meanwhile, the third and final Fibonacci level of 0.618 would bring the price down to $87,500. “Typically we would want to look for buying opportunities at FIB levels of 0.382, 0.500, or 0.618,” the analyst explained. This suggests that there are several potential entry points for investors to consider in their buying strategy.

Altcoin Buying Opportunities

When the price of Bitcoin (BTC) drops, it often creates opportunities for investors to buy altcoins at lower prices. Altcoins, which have reached their lowest levels, can be an attractive investment if bought at the right time. This analysis shows that Bitcoin (BTC) price drops can be a catalyst for buying altcoins at a discount.

Investors are advised to closely monitor the Fibonacci levels mentioned, as these can be key indicators for optimal purchase timing. With the right strategy, investors can take advantage of these market conditions to maximize their profit potential.

Conclusion

In the world of crypto investing, timing and strategy are everything. Understanding market dynamics and using analytical tools such as Fibonacci levels can provide significant advantages. With Bitcoin’s (BTC) price drop predicted, this could be a good moment for investors looking to enter the market or add to their positions in altcoins.

Also Read: Is Dogecoin (DOGE) Due for a Decline? Descending Triangle Pattern Indicates This

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.