The post Santiment Reveals Top Altcoins To Watch This Week appeared first on Coinpedia Fintech News

Bitcoin (BTC) price is retesting the breakout from a micro triangular pattern following Monday’s bullish breakout beyond $72,500. Trading around $71k on Tuesday during the early London session, Bitcoin price is well-positioned to reach a new all-time high in the coming days. 

According to a respected trader Peter Brandt, Bitcoin price is forming Hump Slump Lump Dump (HSLD) pattern, thus expecting a rally towards $80k before dropping below $70k after the halving event. The prediction is also similar to what Arthur Hayes said in his latest blog that Bitcoin and crypto prices will generally slump around the halving event.

Ethereum’s Bear Trap Confirmed

Yup https://t.co/Zshy1Knwmh

— Peter Brandt (@PeterLBrandt) April 9, 2024

Ethereum price against Bitcoin recently dropped to a fresh multi-year low and has been attempting to regain crucial support. According to Brandt, the recent ETH/BTC price drop is a bear trap that will result in their liquidation. 

Furthermore, the Ethereum network has remained the top alternative coin to Bitcoin among most institutional investors. Additionally, the United States Securities and Exchange Commission (SEC) will be issuing a major ruling on spot Ether ETFs, with most anticipating an imminent approval.

Altcoins to Watch Out