Best Crypto to Buy Now as Bitcoin Price Stagnation Sparks Crash Fears

Best Crypto to Buy Now as Bitcoin Price Stagnation Sparks Crash Fears

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.