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<ul>
 <li>Ash Crypto reassures investors amid Bitcoin’s drop, citing profit-taking and alt resilience.</li>
 <li>Ethereum poised to surge post-Bitcoin stabilization, with ETF anticipation.</li>
 <li>Altcoin rally expected as market confidence grows, urging patience over impulsive reactions.</li>
</ul>
<p>Seasoned crypto trader, Ash Crypto, offers insights into Bitcoin’s recent price drop and the outlook for <a href="https://ethereum.org/en/" target="_blank" rel="noopener noreferrer nofollow">Ethereum (ETH)</a> and altcoins in the cryptocurrency market. In particular, he addresses why <a href="https://bitcoin.org/en/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> has fallen below its previous ATH of $69,000 despite setting new ATH of $73,737 yesterday.</p>
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   <p lang="en" dir="ltr">Why Bitcoin is Dumping and what is <br>next for ETH and Altcoins ? <br><br>First of all stop panicking, Bitcoin had <br>a massive run from $15,4k to $73,600 <br>and we are seeing a delayed correction <br>which can be due to profit taking by <br>early investors. You can see Alts are <br>holding pretty…</p>— Ash Crypto (@Ashcryptoreal) <a href="https://twitter.com/Ashcryptoreal/status/1768526874408337553?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 15, 2024</a>
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<p>In response to concerns over Bitcoin’s decline, Ash Crypto urges investors to remain calm, attributing the drop to a necessary correction following a significant price surge. He highlights that altcoins are holding up well despite Bitcoin’s dip, indicating a shift in investment from BTC to other cryptocurrencies.</p>
<p>Anticipating Bitcoin to stabilize within the $60,000 to $72,000 range, Ash Crypto predicts a favorable environment for Ethereum as attention turns towards the leading altcoin. He notes the potential approval of a spot exchange-traded fund (ETF) for Ethereum in May, following Bitcoin’s halving event scheduled for April.</p>
<p>With Bitcoin consolidating, Ash Crypto <a href="https://cryptonewsland.com/eth-prediction-2024-when-will-eth-break-the-20k-barrier/" target="_blank" rel="noopener noreferrer nofollow">foresees Ethereum surpassing $5,000</a> and reaching new all-time highs, driven by ETF-related excitement akin to Bitcoin’s previous rallies. As Ethereum gains momentum, Ash Crypto expects increased market confidence leading to a surge in investment across high, mid, and low-cap altcoins, signaling the onset of a robust altseason.</p>
<p>In conclusion, Ash Crypto advises investors to remain steadfast and patient, emphasizing the <a href="https://cryptonewsland.com/vechain-vet-investors-bullish-as-bitcoin-btc-surpasses-71000/" target="_blank" rel="noopener noreferrer nofollow">long-term potential of altcoins</a> and urging against reacting impulsively to market fluctuations driven by large investors.</p>
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</ul>
<p>The post <a href="https://cryptonewsland.com/bitcoin-sinks-following-new-ath-trader-unfazed-and-prepares-for-eth-rally/" rel="noopener noreferrer nofollow">Bitcoin Sinks Following New ATH, Trader Unfazed and Prepares for ETH Rally</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bitcoin Sinks Following New ATH, Trader Unfazed and Prepares for ETH Rally

Crypto News Land

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