The cryptocurrency market is experiencing significant volatility due to recent events like Powell’s statements, Cook’s resignation, and Trump’s comments. Despite these developments, Bitcoin shows limited momentum towards surpassing its previous highs. Analysts believe this reflects a potential market downturn according to Roman Trading’s long-standing forecast. 1. Bitcoin might see a decline as the company warns traders of the closing window to sell at high prices. Their current analysis highlights the possibility of a double top pattern, leading to further depreciation. 2. Technical indicators on the Bitcoin chart suggest a bearish trend, with a critical concern regarding the survival of support level at 112,000. If this threshold is breached, attention shifts to the next support level at 102,000. 3. The recent failure to break above 112,000 for Bitcoin coincides with a generally downbeat opening for US markets and muted trading news, creating a challenging environment for cryptocurrency. 4. Conversely, altcoins like Ethereum experienced substantial inflows of over $400 million, indicating a shift in investor interest from Bitcoin. 5. Despite this, Roman Trading remains optimistic about the future of altcoins. They believe that a decline in Bitcoin’s dominance may drive investment towards them, potentially leading to an ETHBTC rally if the ratio rises above 0.041. Key altcoin players like SOL Coin and AVAX are seeing gains exceeding 6%, while XRP rebounded to its $3 valuation and ETH continues to hover near its peak. This suggests a possible shift in market dynamics, with Bitcoin potentially paving the way for altcoins and prompting investors to diversify their portfolios.