Crypto Market Divided on Bitcoin's Next Move Amid Bullish Altcoin Signals

Crypto market commentators remain divided on Bitcoin's next major move, with some warning of another sharp correction and others believing the worst is over.

Analyst Aralez expects a fair value gap to be filled between $68,000 and $69,000 before entering what he calls the final capitulation phase. He predicts two weeks of sideways trading followed by a break below $58,000 and a decline toward $48,000, with a retest of the $40,000-$44,000 range.

However, not all analysts agree. Market analyst Ted Pillows points to Binance order book data showing heavy sell liquidity between $62,000 and $65,000 but strong buy support around $55,000-$57,000. If Bitcoin breaks above $65,000 with strong spot buying demand, it could rally another 8% to 10%, according to Pillows.

Solana has caught the attention of several analysts, who believe it may have formed its macro bottom after breaking two major downtrend lines. Analyst Crypto_Scient describes the price action as a clean Accumulation-Manipulation-Distribution setup and sets a near-term target of $120 for SOL.