Bitcoin’s sideways trading range may be a prelude to a crash, as one analyst has warned that it is crucial for the apex crypto to reach another ATH level. While the Bitcoin price is currently around $119K and the ecosystem is bullish, there are fears that if BTC doesn’t register new highs, it may not move up further or could drop in value.
This is an interesting development for the crypto market, as it speaks of the need to keep the momentum going. While the BTC price has ascended to new highs due to institutional push, retail investors, the real market movers, have been on the sidelines. Does that mean Bitcoin may not be the best crypto to buy now anymore?
Bitcoin Better Make a New High or Continue Soon, Tony Severino Says
The analyst in question is Tony “The Bull” Severino. And since he is a Bitcoin bull, his words are now being taken seriously.
He cited Elliott Wave analysis while predicting the BTC price action. Elliott Wave analysis is a price prediction methodology that focuses on a wave structure. A basic wave consists of 8 waves: 5 impulse waves and 3 corrective waves.
Severino posted that Bitcoin’s fifth wave is still ahead. However, that would “mess up” the altcoin season that is trying to gain momentum right now.
The analyst further warned that failure to reach a new all-time high could dim investor confidence, leading to a price crash of 50 percent.
That being said, Tony is not making this prediction from a bearish standpoint. “I refuse to flip bearish,” he said. He also noted that if the apex crypto manages to reach a new all-time high, then this bearish scenario would be invalidated.
Bitcoin Price Analysis Shows Consolidation that May Continue
At the time of writing, Bitcoin is trading around the $119K level, and the overall chart shows that it may continue to consolidate around this level until something crucial happens.
For now, however, all the major driving factors that could boost the BTC price have already made their impact. The GENIUS Act has gone through approval, MicroStrategy’s BTC holdings have gone above 6,000, and ETFs have been receiving consistent inflows (most of the time).
However, there has not been much major action on the retail side of things, especially since Bitcoin is priced at a value that most are not able to afford.
Does it mean Bitcoin is no longer the best crypto to buy now? No. It merely means that investors must stay cautious and focus on diversifying their portfolios through a mix of altcoins and presales.
Best Crypto to Buy Now: Top 4 Picks for Smart Investors
Tony Severino’s warning about Bitcoin is crucial to focus on. However, investors should not panic. Bitcoin is not the only asset to buy, and the altcoin season is going strong. Therefore, the best crypto to buy now could be found among the following altcoins.
Wall Street Pepe
Wall Street Pepe started to make waves as soon as it arrived on the market, creating one of the most successful presales by raising upwards of $70 million. Now, the meme community, which was designed to give retail investors the power to move the meme coin market, has made strides toward more innovative directions.
WEPE, the native crypto of this project, blasted past the $25 million market cap and gained multiple followers. It is focusing on partnering with several Web3 communities to make its Alpha Chat Trading group offerings more versatile.
In a bid to become even bigger, Wall Street Pepe has revealed its plans to expand on Solana to capture the attention of a whole new audience. Wall Street Pepe’s idea is to communicate its memetic ethos to a thriving Solana meme coin community and give them a new flavor of degen trading opportunities.
With over 1,300 members across Telegram and Discord, Wall Street Pepe’s Alpha Chat Community has been instrumental in finding meme coin investment opportunities that have delivered triple-digit gains. The community is growing at a near breakneck speed, bolstered by the bull market and unified by the desire to provide short-term gains to meme coin investors.
Ethereum
Ethereum has finally been able to successfully ride the bullish wave to gain an upper hand in the market, reaching closer to its $4K target before the recent correction. The altcoin has gone through quite a few developments as of late, starting with the Pectra upgrade that was launched in 2025.
These updates are geared toward making Ethereum more scalable, which has helped ETH gain favor among utility-seeking crypto investors. Furthermore, Ethereum ETFs have also generated a lot of buzz, which shows that institutions are also putting their weight behind the technical nuances of the project.
A new whale has also emerged, having accumulated close to $400 million worth of ETH in the last three days.
Many analysts, such as Ted, have taken it as a sign that this could result in Ethereum pushing to $5K soon. Due to these high levels of accumulation, it seems likely that major price action may be coming for ETH, which makes it one of the top cryptos to buy and hold right now.
Snorter
Snorter is a meme coin that offers something quite different to the meme coin community. For one, it has taken an unconventional animal (an aardvark) as its mascot, and secondly, the use case is focused squarely on meme culture, which could give it a boost in both the long and short term.
The aardvark’s imagery has been used to communicate its use case, which is to use its AI-powered “snout” to “snort” the best meme coin trading opportunities on the market.
The aardvark’s primary function is to automatically snipe any top meme coins on Solana so that investors can get hold of early gains. The project may eventually go multichain as well, with support for Ethereum and Polygon chains.
Scam protection tools are also why analysts are rallying behind the project. Everything from honeypot protection to rug pull protection has been covered, giving people a degree of peace of mind.
The entire trading ecosystem is accessible through Telegram, which makes Snorter a particularly user-friendly project. This means there are also social trading tools available to use.
In presale, Snorter has managed to raise over $2.2 million to date.
Analysts are saying that this could be the next 10x crypto.
Token6900
Some of the best meme coin investment opportunities on the market are ones that do not follow a standard script. While use cases have their place, sometimes people just need to let out their “degen” traits and dive into high-risk, high-reward scenarios with a healthy dose of comedy.
Token6900’s simple mantra is this: fundamentals do not matter, fun does. Its narrative core is about how useless research is and why investors should just go with the flow to gain an upper hand.
With its Windows 95-style aesthetics, which puts it against SPX6900, another no-utility meme coin, Token6900 is a project whose vision is to create a community of degens, an endeavor in which it has been finding success.
The project’s social media is full of incoherent, sloppy AI memes that give them a drug-induced, outright bloated feeling. The project even has its own theme song, which is made possible through AI. Needless to say, Token6900 has been going the extra mile to not adhere to the norms and is doing something different.
Having raised upwards of $1 million to date, Token6900 shows the significance of community-centricity. The project is daring, the chances of gains are risky, but that is where the fun of this project lies.
Conclusion
Even hearing the terms “Bitcoin could correct by 50%” is enough to make anybody nervous. The fact that these words came from a well-known Bitcoin bull is another reason to step back and analyze. It could shift people’s view of what defines a top crypto. Bitcoin still has its value, but since its significance could be shrinking among retail investors, altcoins could provide better opportunities.
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