Bitcoin $63,953 With the decline in price today, altcoins were painted red again. While BTC fell to $ 63,000 and suffered a loss of $ 3 thousand, the meltdown in altcoins is normal. Cryptocurrency experts sharing BNB and ETH charts focus on what awaits the cryptocurrency markets as of September 30.
Altcoin and BNB Coin Review
For altcoins, the recent decline in the BTC price is quite depressing because investors believed that the nightmare we had been experiencing for 2 quarters was now over. The latest pullback, which could undermine risk appetite, has caused larger losses in altcoins. Crypto Bullet shared the chart below and questioned whether the expected rise period for altcoins has come.
BTC.D chart shows the ratio of BTC market value to the total value of cryptocurrencies. As BTC dominance weakens, the rise in altcoins is expected to accelerate. This is exactly the main issue that the analyst draws attention to.
“Next altcoin Is the season close? To answer this question, we need to look at the Bitcoin dominance chart.
The chart shows us all of BTC crypto- It shows the percentage of the market value of the coins. Since the peak of the last altcoin season in 2021, Bitcoin dominance has been rising steadily. The altcoin market is often painted red. When this trend reverses, altcoins ‘Bitcoin’It performs better than .
We are currently seeing BTC market dominance losing strength within the rising wedge. “I have plotted the potential path on the chart and a period of positive volatility is approaching for altcoins.”
Crypto Tony shared the BNB Coin chart and said that those who want to make safe purchases can consider $605. If it closes above the key zone, a new attempt can be made at $690. Of course, Tony makes this prediction only on the assumption that previous movements can be repeated.
ETH Price Prediction
Kyledoops evaluated Ethereum a few hours ago. 
$2,634He drew attention to . The focus here is on the increase in the size of open positions in futures for the largest altcoin by market capitalization. The positions, which reached 9.2 billion dollars with an inflow of 2.12 billion dollars in August, brought a 30 percent increase in the spot price.
“Although impressive, it fell short of the activity between April and May.”
According to the analyst, it is possible for the ETH price to rise further as we have not yet seen the impact of the massive inflow on the spot price.
Sharing the chart above, Tony wrote that the upward trend continues due to the protection of $ 2,550. ETH At the time of writing, it was at $2,621.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
