Bitcoin, Ethereum, Dogecoin - Cryptocurrency Markets Trade Lower on Monday, Selected Altcoins Record Significant Gains

Cryptocurrency markets are trading lower on Monday, with selected altcoins recording significant gains.

Cryptocurrency markets observed a downturn on Monday, with selected altcoins recording substantial gains.

Significant Statistics:

Top Gainers:

Trader Notes: As Bitcoin hovered around $95,000 despite recent declines, crypto chart analyst Ali Martinez highlighted the importance of a surge in daily active addresses, transaction volume and whale activity to confirm the continuation of Bitcoin’s upward trend.

Crypto trader Wolf predicted that a breakout above $100,000 is likely to ignite retail FOMO, potentially leading to a sharp 20% to 25% correction soon after.

A breakout above 100k would trigger retail FOMO, only to be followed by a 20-25% correction. This kind of structure is something we’ve seen just a few months ago and is typical in crypto markets. $BTC pic.twitter.com/VBguEosE6B

Meanwhile, trader Satoshi Stacker observed 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.

There we go again. Great bounce at the start of the week. Another test of $98K and it seems likely that we’re going to see a new all-time high and $100K for #Bitcoin. pic.twitter.com/NEUkTANjuF