$BTC The crypto market has been experiencing a downturn, but experts are predicting a potential turnaround starting next week. Here are some key expectations:
- Institutional Investment: With over $1 billion poured into crypto investment products this year, institutional investors are likely to continue driving market growth
- Spot ETF Approvals: Bloomberg Intelligence predicts a 90% chance of near-term spot BTC ETF approval, which could boost market sentiment
- Bitcoin Price Movement: Analysts expect Bitcoin to break out of its consolidation range ($94,000 - $100,000) and potentially retest its January 30 high of $106,457
- Market Trends: A prolonged high-rate environment may add selling pressure to the markets, but some experts believe crypto winter may be coming to an end.
- Altcoin Performance: Altcoins, such as Solana, may experience increased volatility due to upcoming token unlocks and regulatory concerns
Keep in mind that the crypto market is highly unpredictable, and actual events may differ from these expectations.