Cryptocurrency markets are trading lower on Monday, with selected altcoins recording significant gains.
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Trader Notes: With Bitcoin holding steady around $95,000 despite recent declines, crypto chart analyst Ali Martinez emphasizes the need for a surge in daily active addresses, transaction volume and whale activity to confirm the continuation of its upward trend.
Crypto trader Wolf predicts that a breakout above $100,000 is likely to ignite retail FOMO, potentially leading to a sharp 20% to 25% correction soon after.
Meanwhile, trader Satoshi Stacker observes that in eight of the past ten months, Bitcoin has bottomed early in the month before rallying. He suggests that if this pattern holds, any dip this week could present a prime buying opportunity.
Crypto analyst Michael van de Poppe highlights a significant bounce at the start of the week, predicting "another test of $98,000." He adds that Bitcoin could soon achieve a new all-time high, breaking the $100,000 barrier.
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