Bitcoin Price Prediction After Monday’s Crazy Volatility – Buy, Hold Or Sell?

To say that Bitcoin’s Monday price action caught investors off-guard would be an understatement. Many seasoned traders described it as the “wildest candle” of their careers. 

After trading as low as $91,200 early on Monday, the Bitcoin price bounced back to $102,000 and closed the daily candle at $101.3k. 

Bitcoin price predictions from experts suggest the largest cryptocurrency is facing several key resistance levels, making it incredibly hard for sidelined investors to pick a plan of action. 

Several smart money traders even claim that BTC is in a no-trade zone. 

Bitcoin Price Prediction — What’s Next?

Despite Monday’s volatility, BTC’s recovery has largely suggested to investors that the cycle top isn’t in yet. 

Despite the price crash, Bitcoin defended the key $91.2k support level. Chartered Market Technician Aksel Kibar reveals that Monday’s pullback was nothing more than a continued rectangular consolidation between $91.2k and $109k, a typical consequence of the megaphone breakout that Bitcoin secured in November. 

Bitcoin’s volume profile analysis also suggests the possibility of a bullish continuation. Prominent analyst Sting’s Bitcoin price prediction reveals that if BTC continues to hold above its cumulative value area high (cVAH) at around $100,000, it could result in “expansion” and volatility to the upside. 

As for what’s next, Bitcoin could showcase choppy behaviour between the $91.2k and $102k S/R levels. Prominent analyst George (@George1Trader) suggests BTC could also dip to $82k before further upside. 

On the contrary, Cobra Trader, who forecasted Monday’s crash using median lines, now claims the largest cryptocurrency will bounce to $108,000. 

In either scenario, smart money investors believe any BTC pullback should be treated as a buy-the-dip opportunity, considering the fact that the cycle top isn’t in just yet. 

For instance, the Puell Multiple indicator signals that the largest cryptocurrency has considerable room for aggressive expansion in the coming months. 

All eyes are now on Donald Trump’s crypto czar David Sacks’ press conference on Tuesday. Any hint that the newly created Sovereign Wealth Fund would invest in Bitcoin could send crypto prices soaring. 

A deal between the US and China that could delay the trade war between both nations would also provide a major boost to BTC, especially with a temporary deal with Canada and Mexico already done. 

Other Best Cryptos To Buy Now

The next Bitcoin all-time high would likely pave the way for an altseason. Both the ETH/BTC and ETH.D have hit key support levels and are set for a bullish reversal, which could push Ethereum to a new all-time high. 

Ethereum’s bull run would also benefit ETH meme coins, including Pepe and Floki, which appear poised for a bullish breakout. 

Meanwhile, Dogecoin has completed its A-B-C reversal and could start to push towards its $1 price target in the coming months, another development which suggests it could be time to go all in on meme coins once again. 

Smart money investors are already betting on low-cap meme coins like Solaxy (SOLX), which has raised nearly $18 million in its presale behind heavy whale bidding. Just last month, a deep-pocketed investor purchased $372k worth of SOLX in 5 separate transactions. 

Solaxy is the first prominent Solana layer-2 token, designed to tackle the blockchain’s network congestion and scalability issues. 

Its roll-up architecture is designed to ensure exponential scalability, zero downtime and fast and cheap transactions on Solana.

With layer-2 tokens being viewed as beta bets on their respective blockchain, it is no surprise that presale buyers are eyeing up to 100x returns from Solaxy, particularly since it is still a low-cap crypto in the early stages of its presale. 

Visit Solaxy Presale

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