- Analysts remain divided on Bitcoin’s next move, with one side warning of potential market correction.
- Pav Hundal warns investors about Bitcoin’s technical weaknesses, recommending cautious portfolio management during volatility.
- Chiefy highlights ten specific altcoins as potential opportunities, positioning them for growth in the coming months.
With Bitcoin hovering near record levels, analysts are split on what comes next. Swyftx Lead Market Analyst Pav Hundal warns the charts hint at trouble ahead, urging caution across altcoins. Crypto Analyst Chiefy, however, sees the latest volatility as part of the halving cycle’s natural rhythm, positioning select tokens for growth. The clash underscores the market’s current uncertainty.
Hundal: Risk of a deeper pullback
Hundal flagged a “range sweep” on the weekly chart, a pattern he associated with failed breakouts. Should this play out, Bitcoin could slide to US$111.9k (AU$172.2k), a 10% decline from its peak.
He said the fallout would be harsher for altcoins, which tend to act as leveraged versions of BTC. In previous cases, a 5% fall in Bitcoin has triggered altcoin losses of 20–30%. To avoid outsized drawdowns, Hundal suggested rebalancing portfolios – shifting altcoin allocations back into BTC, moving into stablecoins, or sitting out the turbulence. Ethereum’s position near its all-time high, he added, makes preservation of gains the priority.
Related: Strategy Stacks on Bitcoin – Adds 430 BTC Amid Price Surge
Chiefy: Positioning for the uptrend
Chiefy described the four phases of the halving cycle: accumulation, breakout, euphoria, and bear market. He believes the “uptrend phase” has begun, with market volatility easing and capital preparing to rotate into altcoins.
He highlighted ten tokens as beneficiaries of this shift. Ethereum remains the anchor of decentralised finance; Solana and Avalanche provide high-speed alternatives; Arbitrum and Optimism scale Ethereum with Layer 2 tech; Chainlink supplies critical data oracles; Polkadot and Cosmos enable cross-chain ecosystems; and newer entrants Aptos and Sui are gaining traction as performance-focused Layer 1s.
Final Thoughts
The divide between Hundal’s caution and Chiefy’s optimism highlights just how finely balanced the crypto market is right now. Whether investors brace for a pullback or position for another leg higher may ultimately depend on their risk appetite and time horizon.
Related: SEC Delays Decisions on Bitcoin, Ethereum, Solana, and XRP ETFs Until October
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