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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analysts-predict-upcoming-altcoin-rallies-following-bitcoins-price-movements/" data-wpel-link="internal">Analysts Predict Upcoming Altcoin Rallies Following Bitcoin’s Price Movements</a> 
As Bitcoin’s price dipped below $58,000 after exceeding $58,500, analysts have differing opinions on market trends. While some experts view Bitcoin’s consistent closing above $57,000 as a bullish sign, many are left wondering when altcoins will begin to recover. Three different <a href="https://en.coin-turk.com/experts-predict-bitcoin-price-movements/" data-wpel-link="internal">cryptocurrency</a> analysts have addressed the pressing questions many <a href="https://en.coin-turk.com/what-is-trust-wallet-token/" data-wpel-link="internal">altcoin</a> investors are asking today. 
<h2 style="text-align: justify" id="when-will-altcoins-rise">When Will Altcoins Rise?</h2> 
Known by the alias Moustache, a cryptocurrency analyst compared the current Bitcoin market dominance chart with previous cycles. He believes that BTC.D will soon start to weaken, a view supported by historical data. He noted the following regarding the one-year decline in BTC.D; 
<blockquote> 
 “BTC.D is still in a one-year downtrend. Fluctuations are allowed. The three-week MACD has not yet entered a downtrend, but when it does, I expect an altcoin bull run similar to 2017 and 2021. Patience is difficult, but the reward is substantial.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-388657 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/btcd-ve-altcoin-bogasi.jpg" alt="" width="1160" height="589"> 
The second analyst, Kyledoops, is focusing on volume data as a crucial factor for altcoin recovery. The loosening of spot volume indicates that bulls have been on the sidelines for a long time, leading to negative fluctuations in the markets due to speculative selling. Kyle stated that the downturn has not yet reversed. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-388658 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/kripto-hacim.jpg" alt="" width="1118" height="644"> 
<blockquote> 
 “Spot trading volumes have been analyzed using a 90-day MinMax scaler, which varies between 1 and -1 based on the period’s maximum and minimum values. The data indicate a continued loss of momentum in spot volumes, highlighting a significant decline in trading activity in the last quarter.” 
</blockquote> 
<h2 style="text-align: justify" id="dogecoin-doge">Dogecoin (DOGE)</h2> 
For altcoins to make a real comeback, major assets in terms of market capitalization need to lead the way. Recent positive fluctuations in XRP Coin and other large cryptocurrencies have been promising, but continuity is crucial. Monitoring the current trends of assets like Dogecoin (<a href="https://en.coin-turk.com/why-is-doge-price-falling-the-latest-update-on-dogecoin-doge/" data-wpel-link="internal">DOGE</a>) may provide valuable insights. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-388659 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/doge-13-eylul-tahmini.jpg" alt="" width="958" height="868"> 
The third analyst, using the nickname Tardigrade, believes that Dogecoin is poised for an upward breakout due to the recent RSI breakout. This is combined with optimism for the upcoming quarter, which has less than 20 days remaining, making it a motivating prospect for investors. 
The post <a href="https://en.coin-turk.com/analysts-predict-upcoming-altcoin-rallies-following-bitcoins-price-movements/" data-wpel-link="internal">Analysts Predict Upcoming Altcoin Rallies Following Bitcoin’s Price Movements</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Analysts Predict Upcoming Altcoin Rallies Following Bitcoin’s Price Movements

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