Bitcoin’s Potential Bottom at $80K Could Trigger Rally for TON, CRO, MNT, and RENDER Altcoins Amid Market Analysis

Bitcoin (BTC) bulls are attempting a recovery as veteran trader Peter Brandt predicts a target objective of $65,635 after a breakdown from a bear wedge pattern. Coin Bureau founder Nic Puckrin warns of a 40% possibility of a recession in 2025, which could impact risky assets like cryptocurrencies. On the other hand, analyst Stockmoney Lizards sees Bitcoin’s local bottom between $82,000 and $80,000, anticipating a reversal soon. If Bitcoin rallies, select altcoins like TON, CRO, MNT, and RENDER are expected to follow suit. The Bitcoin price analysis shows resistance near $80,000, with a potential plunge to $76,606 if support cracks. However, a rally above $89,000 could signal bullish momentum. TON bounced off moving averages, signaling positivity, while CRO broke out of moving averages, suggesting the end of a downtrend. MNT struggles to rise above the 50-day SMA, but bulls aim to hold above the 20-day EMA. RENDER shows demand at lower levels after breaching the 50-day SMA. The article provides detailed price analysis and charts for each cryptocurrency, offering insights into potential future movements. It’s essential to note that this article does not provide investment advice, and readers should conduct their research before making decisions.

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