{"id":20306,"date":"2024-05-13T12:45:23","date_gmt":"2024-05-13T12:45:23","guid":{"rendered":"https:\/\/coinengineer.io\/?p=20306"},"modified":"2024-05-13T10:40:16","modified_gmt":"2024-05-13T10:40:16","slug":"bitcoin-sideways-altcoins-ready-to-surge","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-sideways-altcoins-ready-to-surge\/","title":{"rendered":"Bitcoin Sideways, Altcoins Ready to Surge"},"content":{"rendered":"<p>A <a href=\"https:\/\/coinengineer.net\/blog\/bitcoin-wallet-dormant-for-11-years-wakes-up-transfers-30-4-million\/\">Bitcoin\u2019s<\/a> consolidation around $60,000 brings focus to possible altcoin rallies.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-sideways-altcoins-ready-to-surge\/#Bitcoins_Stalemate\" title=\"Bitcoin&#8217;s Stalemate\">Bitcoin&#8217;s Stalemate<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-sideways-altcoins-ready-to-surge\/#Traditional_Finance_Embraces_Bitcoin\" title=\"Traditional Finance Embraces Bitcoin\">Traditional Finance Embraces Bitcoin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-sideways-altcoins-ready-to-surge\/#Analyzing_Bitcoins_Chart\" title=\"Analyzing Bitcoin&#8217;s Chart\">Analyzing Bitcoin&#8217;s Chart<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-sideways-altcoins-ready-to-surge\/#Altcoins_Poised_for_Action\" title=\"Altcoins Poised for Action\">Altcoins Poised for Action<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-sideways-altcoins-ready-to-surge\/#TON_and_RNDR_Analysis\" title=\"TON and RNDR Analysis\">TON and RNDR Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-sideways-altcoins-ready-to-surge\/#PEPE_Gains_Traction\" title=\"PEPE Gains Traction\">PEPE Gains Traction<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Bitcoins_Stalemate\"><\/span>Bitcoin&#8217;s Stalemate<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bitcoin remains in the fight, floating around $60,000, as the bulls and the bears are playing a tug-of-war. <strong>The $60,000 level is critical<\/strong> with possible weekly loss of over 4%, which is a risk if breached. The analyst Timothy Petterson is still bullish and thinks that Bitcoin will increase to $175,000 \u2013 $350,000 by early 2025.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Traditional_Finance_Embraces_Bitcoin\"><\/span>Traditional Finance Embraces Bitcoin<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>The recent submissions by JPMorgan Chase and Wells Fargo to the SEC show that the interest in Bitcoin is rising although the allocations made are very small.<\/strong> This step represents a wider institutional support, thus, shifting focus to other cryptocurrencies.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Analyzing_Bitcoins_Chart\"><\/span>Analyzing Bitcoin&#8217;s Chart<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The technical indicators of Bitcoin introduce a fierce fight, where the 20-day EMA becomes the critical battlefield. Lack of breach above $62,650 can cause repurchase of<strong> support at $56,552<\/strong> and breakthrough can lead to<strong> start of a rally towards $73,777.<\/strong><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Altcoins_Poised_for_Action\"><\/span>Altcoins Poised for Action<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><a href=\"https:\/\/coinengineer.net\/blog\/tethers-integration-with-telegrams-ton-network-set-to-reshape-stablecoin-landscape\/\">TON<\/a> and <a href=\"https:\/\/coinengineer.net\/blog\/render-token-rndr-surges-11-after-apples-brief-mention-of-octane-software\/\">RNDR<\/a> are promising amid the stagnation of Bitcoin, preparing for potential upward bursts.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"TON_and_RNDR_Analysis\"><\/span>TON and RNDR Analysis<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>TON struggles at <strong>$7. 23<\/strong>, while<strong> RNDR<\/strong> looks forward to <strong>$12<\/strong> during a bullish move. They both encounter the key support levels, suggesting possible consolidations could come before more upside.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"PEPE_Gains_Traction\"><\/span>PEPE Gains Traction<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bull patterns are shown by<strong> PEPE aiming at $0.0000145<\/strong>. That is underpinned by sustained buying interest.<\/p>\n<p>By now, Bitcoin is remaining in the lateral trend so that the focus shifts to altcoins in terms of potential profits or the accounts of traders become flexible during the sideways movements of the market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Bitcoin\u2019s consolidation around $60,000 brings focus to possible altcoin rallies. Bitcoin&#8217;s Stalemate Bitcoin remains in the fight, floating around $60,000, as the bulls and the bears are playing a tug-of-war. The $60,000 level is critical with possible weekly loss of over 4%, which is a risk if breached. The analyst Timothy Petterson is still<\/p>\n","protected":false},"author":6,"featured_media":18123,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[61,4333,4156,397],"class_list":["post-20306","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-genel","tag-bitcoin","tag-pepe-coin-pepe","tag-render-rndr","tag-ton"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Sideways, Altcoins Ready to Surge - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Bitcoin&#039;s stalemate near $60,000 prompts attention towards altcoins like TON, RNDR, and PEPE, poised for potential upside moves.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-sideways-altcoins-ready-to-surge\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Sideways, Altcoins Ready to Surge - 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