Bitcoin 
$124,154.60 For now, it seems to be returning from the bottom and is above $122,000 again after $120,574. Altcoin investors made some sales with concern after the fluctuation in the last few hours. The decline in the US markets also hit BTC and others due to the correlation turning positive again. So what awaits cryptocurrency investors in the coming days?
US Stock Market Falls
US reaching all-time high stock markets As we are used to, it initiated a correction. Rapid rises take such breaks as buyers run out, and if demand does not revive, the decline continues.
Bond prices climbed today after $58 billion in intense bidding. The stock market has benefited from the upward trend triggered by artificial intelligence and has experienced a growth of 16 trillion dollars since April.
So what happened that caused the AI-powered rally to stop? Oracle’s The report that revealed cloud margins were lower than many estimates changed things. Tesla It introduced new versions of its best-selling models priced under $40,000, and its shares tanked, fueling the overall loss. For now, Dell is up 3.5% on strong AI demand, keeping the glimmer of hope that this period of hype can continue.
Cryptocurrency Reviews
different well-known cryptocurrency commentators Let’s take a look at their current reviews. The analyst with the pseudonym ANBESSA wrote that the consolidation, which he said was approaching 4 days ago, has begun and the decline did not surprise him. According to him, BTC is on the right track, but it needs to move sideways for a while to continue the rise. Maintaining $120,000 prices is key for larger highs and overall market sentiment.
Michael Poppe reminds us that bull markets are deceptive and that the 4-year cycle story is behind us. ETH, AVAX, LEFT Talking about altcoins such as, he said;
“In the previous bear market, no one could predict the outcome of the bull market. This time the bull market is deceptive. Bitcoin ETF has led many people to believe that the 4-year cycle still exists, when it does not. Similarly, Ethereum
$4,676.74 ETF and its huge impact on recent entries is similar.
This cycle, we have yet to see almost no momentum in Altcoins. At this stage of the previous cycle, predictions were cautious about the outcome of the bull market.
What happened?
Valuations rose much higher than anyone expected, such as SOL, AVAX, and others. The situation will not be different this time. “The risk-taking cycle is truly beginning and the excitement in the Web 3.0 ecosystem is slowly returning.”
Poppe is still hopeful, still excited, and says keep waiting. In fact, it seems absurd to talk about huge losses when interest rates have not even dropped to reasonable levels and risk markets have a long road ahead.
Kelly Kellam reminded that $120,000 was a level he expected and warned about its signals. RSI & money flow weakness confirmed this. Other analysts were writing the same thing throughout the day, Columbus and Roman Trading also warned yesterday. What does Kelly say now? He expects to see one last test at $117,000 and sees this as essential for a healthy rise.
