Altcoin Rally Outshines Fading Bitcoin, With Key Levels in Sight

While Bitcoin may not be done falling, several altcoins are showing signs of strength. According to current chart setups, some altcoins could experience a short, sharp move lower within days, potentially offering the best entry points in the current range.

The two possible paths for Bitcoin show a dip into the late $70,000s to $81,000 zone followed by a strong bounce as the base case. Alternatively, a bullish scenario where Bitcoin pushes higher first makes a drop to the mid-$70,000s less likely while the low $80,000s remain in play.

Regardless of which path Bitcoin takes, a run toward $100,000 becomes the next target once the shakeout ends, with liquidity building near $86,000 indicating choppy trade over the next two to three days.

Some altcoins are already showing strength and could offer attractive entry points. AVAX has broken out and retested its weekly level, putting it in view of $16 to $20. However, a 20% pullback remains possible, making smaller entries more sensible.