Bitcoin, the world’s largest cryptocurrency, has plunged over 15% in just a week, hitting a low of $82,340. While this decline has sparked fears of further losses, analysts at Crypto Banter suggest a strong recovery may be on the horizon. With liquidations already taking place, Bitcoin’s next move could either flush out weak hands or trigger a sharp rally.
Meanwhile, altcoins are showing resilience, hinting at a potential breakout soon.
Bitcoin at a Crossroads: More Downside or a Reversal?
According to Crypto Banter, Bitcoin has been struggling after breaking below key support levels, recently dipping to $82,000. While this has fueled concerns of further losses, analysts believe a sharp recovery is still possible.
They outline two possible scenarios for Bitcoin’s next move:
1. A Final Dip Before Rebound
Bitcoin may drop further to the $79,000–$81,000 range before bouncing back toward $90,000 and beyond. This move could flush out weak hands before the market turns bullish again.
2. Immediate Recovery
If Bitcoin holds above $82,000, it could quickly regain $90,000 and push toward $100,000, which could fuel a rally in altcoins.
Bitcoin is at a key decision point, and its next move will determine whether it resumes its upward trend or stays stuck in a sideways phase.
Altcoins Gain Momentum
Bitcoin’s dominance in the market is shrinking, which could mean altcoins are preparing for strong moves. At the same time, USDT dominance is also falling, showing that traders are shifting funds back into altcoins, signaling growing confidence.
Ethereum (ETH) is already rebounding from its recent lows and is now aiming for $2,500. If it breaks past this level, ETH could climb toward $3,000.
Solana (SOL) is also