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The cryptocurrency market stumbled after the recent hack of Bybit exchange by the infamous North Korea-linked Lazarus Group. Still, market analysts aren’t worried; they believe this setback is short-lived and the market is gearing up for a rebound. They’ve even pointed out specific cryptocurrencies expected to be at the forefront of this recovery. One analyst singled out Bitcoin’s ongoing bullish outlook, taking it as a sign that the crypto bull cycle remains strong. According to this expert, key indicators like the stochastic and hash ribbons back up BTC’s bullish story, especially as the cryptocurrency holds steady above the $90,000 mark. He suggests that breaking through $102,000 will kick off the next leg of the crypto market rally. Target-wise, the analyst projects Bitcoin’s next rally to push the cryptocurrency’s price toward the $120,000 region, possibly extending to $130,000. He believes crypto investors have their eyes on that area, making it a potential profit-taking zone. However, he also acknowledges the current tug-of-war between Bitcoin bulls and bears. He cautions that if the push higher is rejected around the $102,000 level, it could trigger another period of price decline. Related: Bybit Closes ETH Gap After Billion Dollar Hack, Proof of Reserves Coming The analyst identified ETH, SOL, SUI, and S (formerly FTM) as altcoins he expects to deliver exceptional performances when the bull run returns. However, he thinks ETH faces a risk of price weakness if the Bybit hackers start selling off the significant amount of ETH they stole. The analyst anticipates these hackers will likely trade the stolen ETH for stablecoins soon. The SOL/BTC pair took a hit, falling out of a long-established trading range. Despite this, the analyst suggests this drop could be a market trick to shake out less committed traders. He believes that reclaiming the trading range would reignite SOL’s bullish momentum and spark a sustained rally. The analyst especially emphasized his positive outlook for SUI and S, particularly SUI. He believes SUI will outperform even Bitcoin within this group of altcoins. Related: Latest Bybit Hack Linked to N. Korea’s Crypto Theft for Weapons Funding Even though S is currently down, the analyst predicts a future price surge once it establishes a trend reversal. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Hello traders, I want share with you my opinion about Bitcoin. A short while ago, the price started to rise within a pennant and soon reached the resistance level, aligning with the seller's zone. After breaking this level, BTC continued upward, testing the resistance line of the pennant before reversing and beginning a decline. Not long after, Bitcoin dropped, breaking out of the pennant to the downside and even dipping below the 101900 level before quickly recovering. The price then climbed to 106500 points but soon pulled back to the buyer's zone and dropped even lower, breaking through the resistance level once again. Following this move, $BTC reversed direction, made a strong impulse up to the resistance level, and then started declining within a downward channel. Inside this channel, the price fell to the buyer's zone and attempted to bounce but failed, rapidly returning to the buyer’s zone, which coincided with the support level. After that, it rebounded, reached the resistance line of the channel, and then corrected downward. At the moment, Bitcoin is still declining inside the channel. I expect a slight rebound before further downside movement toward the support line of the channel, breaking the support level. In this scenario, my target is set at 92200 points, which aligns with this line. Please share this idea with your friends and click Boost 🚀 $BTC

$BTC Only for 24 Hours Buying Zone (Long) : 93,600 First TP: 95,161 Scond TP: 97,184 Stop Loss: 92,800 It is very tight stop loss and trade is almost 1:5 Long or short it's your choice Daily Levels has been shared accurately. Enjoy Rides!!! Soon I will share about $XRP I provide Accurate Buying Zones of $BTC $ETH & other ALTS to my members Daily, Weekly or Monthly Basis depending on the markets. Be a Member to get the same. As Always Trade Safe. Your Friend: Showdown_Pro Thanks for your Love & Support.

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