Bitcoin price has failed to break the crucial resistance point at $90,000 this week. It has formed numerous risky patterns, pointing to a potential crash potentially below $80,000. This cryptocurrency price prediction explores the top 3 altcoins to buy the dip in for big gains if BTC drops below $80K.
Cryptocurrency Price Prediction as Odds of Bitcoin Falling Below $80K Rise
Technical analysis suggests the Bitcoin price is on the verge of crashing below $80,000. On the daily chart, BTC has failed to flip the key resistance level at $90,000, meaning that bulls are afraid of buying above that level.
Bitcoin price has also formed a rising wedge pattern. This pattern is made up of two upward-sloping and converging trendlines. A bearish breakdown happens when they near their meeting point. If this happens, BTC will likely drop to $76,540, this month’s low. It may then drop to $73,655, its March 2024 high, and then resume the bullish trend. Dropping to that level is crucial in the formation of a break-and-retest pattern.
Altcoins to Buy the Dip if BTC Drops Below $80k
The top 3 altcoins to buy if BTC coin crashes below $80K are Sonic (S), Berachain (BERA), and Algorand.
Sonic (S)
Sonic is one of the best altcoins to buy if BTC crashes. The main reason for this is that it has some of the best fundamentals. DeFi Llama data shows that DEX protocols on Sonic handled $638 million in the last seven days, while the total value locked in the ecosystem has soared by over 83% in the last 30 days. Most chains have shed assets in this period.
As this cryptocurrency price prediction shows, Sonic price has moved above the key resistance at $0.5610. This was a notable level since it was the higher side of the ascending triangle pattern, a popular bullish sign. Therefore, the coin may surge by 65% and hit $1 in the coming weeks.
Berachain (BERA)
Berachain is another altcoin to buy. Like Sonic, it also has strong fundamentals as its total value locked (TVL) and DEX volume have jumped recently. That is a sign that it is seeing traction among users and that its ecosystem is growing.
The chart shows that BERA price is forming a bullish flag chart pattern on the two-hour chart. This pattern comprises a vertical line and a rectangle pattern, and is one of the most bullish signs in the market. A bullish breakout may see Berachain price surge to the psychological point at $10.
Algorand (ALGO)
Algorand is a more contrarian crypto to buy because it is hovering near its all-time low. It has slowly formed a falling wedge pattern on the weekly chart, signaling a potential breakout. The chart also shows that it has formed a triple-bottom pattern. Therefore, a bullish breakout may see the ALGO price surge by 450% to the 50% retracement point at $1.
Summary on the Top Altcoins to Buy if Bitcoin Dips
In cryptocurrency price prediction, Bitcoin price needs to crash below $80,000 to complete the break-and-retest pattern. Top altcoins like Berachain, Sonic, and Algorand will bounce back if this happens. Other altcoins to buy in this case are Polkadot, Hedera Hashgraph, and Solana.
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