Satoshi

Beta Finance

Bitcoin

RebelSatoshi

Divergence

<p>The crypto market has plummeted with Bitcoin dipping below the $60K price level. At press time <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC trades at $57,710.91</a>. This slump has caused discussions in the industry about the future of altcoins and the overall market sentiment.&nbsp;</p>
<p>Top analysts in the crypto sector have shared their insights on social media platforms, offering varying perspectives on the current market situation.</p>
<p>XForceGlobal, a crypto analyst on X, presented a cautionary outlook for altcoins. They suggested that if the current market movement is part of a wave 4 pattern, altcoins could see an upward momentum.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/TOTAL2?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#TOTAL2</a> / <a href="https://twitter.com/hashtag/TOTAL3?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#TOTAL3</a><a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Altcoins</a> are going to go ballistic to the upside if this is still within a wave 4. If everything fails, say goodbye to the bull market forever and say hello to entering a crypto blues for the rest of 2025. <a href="https://t.co/S16XmTKvpF" target="_blank" rel="noopener noreferrer nofollow">https://t.co/S16XmTKvpF</a> <a href="https://t.co/KwzGTiNAFP" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/KwzGTiNAFP</a></p>— XForceGlobal (@XForceGlobal) <a href="https://twitter.com/XForceGlobal/status/1808740074240290912?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 4, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>However, XForceGlobal warned that if this pattern fails to materialize, it could signal the end of the bull market and usher in a prolonged period of bearish sentiment throughout 2025.</p>
<h2 class="wp-block-heading" id="strong-market-dynamics-and-altcoin-performance-strong"><strong>Market Dynamics and Altcoin Performance</strong></h2>
<p>Another crypto trader named Roman provided a more upbeat <a href="https://x.com/Roman_Trading/status/1808501692939256229" target="_blank" rel="noopener noreferrer nofollow">assessment of the altcoin industry</a>. He made the observation that altcoins were maintaining their support levels, whilst Bitcoin was reaching new lows or returning to the lower end of its trading range.</p>
<p>On the charts of certain altcoins, Roman saw possible inverse head and shoulders (IHS) reversal patterns developing.</p>
<p>Roman also observed positive divergences for some altcoins on the Moving Average Convergence Divergence and Relative Strength Index indicators.</p>
<p>He said that a period of strong performance for altcoins, dubbed “alt season,” might begin if the Bitcoin Dominance index falls below 54%.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/why-is-beta-finance-beta-crypto-price-pumping-2/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Why Is Beta Finance (BETA) Crypto Price Pumping?</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-expert-advice-on-market-strategy-strong"><strong>Expert Advice on Market Strategy</strong></h2>
<p>Lark Davis, a top figure in the crypto community, shared his thoughts on the market downturn. He acknowledged the widespread red candles across the crypto market but offered a piece of advice to his followers.&nbsp;</p>
<p>Davis emphasized the importance of buying during periods of fear and selling during times of greed. This strategy aligns with the contrarian investment approach often discussed in financial markets.&nbsp;</p>
<p>Furthermore, Davis made the argument that investors hoping to optimize their prospective gains may find buying opportunities amid the fearful and perplexing current market conditions.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Bitcoin just slipped below $60,000 today.<br><br>The crypto market is all red.<br><br>Looking at the current market condition, I have to say this:… <a href="https://t.co/Uf4qabH2MQ" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/Uf4qabH2MQ</a></p>— Lark Davis (@TheCryptoLark) <a href="https://twitter.com/TheCryptoLark/status/1808472299034579438?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 3, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>In summary, the recent slump in the crypto market has traders and analysts feeling both excited and concerned. While some analysts caution against possible gloomy scenarios, others view the current decline as an opportunity to buy assets at reduced prices.</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/bitcoin-btc-slips-below-60k-will-altcoins-surge-or-crash-key-metrics-to-watch/" rel="noopener noreferrer nofollow">Bitcoin (BTC) Slips Below $60K: Will Altcoins Surge or Crash? Key Metrics to Watch</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Bitcoin (BTC) Slips Below $60K: Will Altcoins Surge or Crash? Key Metrics to Watch

Table of Contents

CaptainAltcoin

Other articles published on Jul 4, 2024

Trending Altcoins Under $1 Expected To Explode This Crypto Bull Run

Web3 users reached an all-time high of 10M in Q2: DappRadar

Dogecoin Founder Makes Crucial Bitcoin Statement as BTC Plummets

IOTA Foundation Launches I3-Lab at Imperial College London to Drive Circular Economy Innovation

Altcoins With Downside Risks To Avoid In This Crypto Market Crash

German Lawmaker Wants Government To HODL Bitcoin (BTC), Not Sell

Join our free newsletter for daily crypto updates!