After several days of sustained declines, today the downward phase of the prezzo di Bitcoin e Solana.

seems to have ended.

After several days of sustained declines, today the downward phase of the prezzo di Bitcoin e Solana seems to have ended.

However, one should not celebrate victory too early, because even if the downward phase of the last few days seems to have momentarily halted, nothing excludes the possibility that another one could start soon.

There are, however, significant differences between the decline in the price of Bitcoin and that of the price of Solana.

The drop in the price of Bitcoin and Solana and today’s recovery

On Saturday the prezzo di Bitcoin was still above $85,000.

To tell the truth, it had already dropped significantly from the $92,000 of March 6, but considering that at the end of February it had fallen below $79,000, Saturday’s level was still considered good.

However, the bear phase began at the beginning of February, when it dropped from $105,000 to $92,000 over the course of three days.

Therefore, we can identify an initial decline that occurred in the first half of February, with the price heading towards $92,000, and then a second one at the end of the month with the price dropping even below $80,000.

What happened in March is nothing more than a brief and temporary rise to $92,000, followed by a momentary return below $80,000.

The important thing is that on Tuesday it managed to climb back up to $83,000, but the decline may not yet be over.

The descending phase of the prezzo di SOL, the native cryptocurrency of Solana, also began in early February.

The main difference is that it was a relatively continuous decline, not with sudden steps like that of Bitcoin.

In other words, while it took four strong jolts to bring down the price of BTC, in the case of Solana it was a continuous and gradual decline.

However, there is one thing in common: starting from the end of February, a period of lateralization seems to have begun, which could still be ongoing, or it could end with another decline.

Note that after reaching all-time highs at almost $290 in January, the price of SOL initially simply returned to December levels, which is around $200.

The real problem started around mid-February, when it lost this last level, and first dropped to $170 and then to $130.

In particular, the decline at the end of February was significant, bringing the price well below the $160 of October.

In other words, while Bitcoin is still above the levels prior to the vittoria elettorale di Trump, Solana is already well below.

The future prospects for the price of Bitcoin and Solana after today’s performances

At this moment, it seems that the medium-term future prospects of the crypto markets are tied solely to the trend of Bitcoin’s price, with the altcoins merely following.

In fact, the dominance of Bitcoin according to TradingView has risen above 62%, which is the highest level since March 2021, before the first major altseason of 2021 began.

Before Trump’s victory, it was at 57%, and in November it had not managed to get back above 62%.

Furthermore, the altseason index of CMC highlights how the crypto markets are in the midst of a full Bitcoin season, which is the opposite of the altseason, and this implies that at this moment they depend on the price movements of Bitcoin.

The problem is that there is a serious possibility that the decline may resume, even if not necessarily in the short term.

The price targets for Bitcoin and Solana

At the current state, there are no clear signals of a possible recovery of the bull run.

Although the resumption of the decline is not actually the only possible scenario, let’s focus on this hypothesis.

As for Bitcoin, there seems to be room, at least in theory, for a drop well below the $77,000 briefly reached on Monday.

The main hypotheses in this case are two: either it drops to around 74,000$/75,000$, or it could even end up dropping below 70,000$.

In the second half of the year, however, it could also rise.

If such a scenario were to occur, it is very likely that the price of Solana

would also decrease.

It is more difficult, however, to identify two possible targets for SOL, even though by analyzing its price trend over the long term, it is discovered that the current level is similar to what it was after the bullrun at the beginning of 2024, and that it reached these levels starting from about $2