Week Ahead: Bitcoin price likely to support these altcoin narratives this week
Source Fxstreet
This week is packed with important macroeconomic and crypto events. Let’s take a look at important altcoins that might trend this week and how Bitcoin price might affect the performance of these cryptocurrencies.
Last week’s newsletter: Week Ahead: This week’s altcoin narrative and Bitcoin's fourth halving targets
Events this week
January 30
- Stellar Protocol (XLM) 20 upgrade vote
- Optimism (OP) is also set to flood the markets with $73.93 million OP tokens.
January 31
- Fed Interest Rate decision at 7:00 GMT
- Fed press conference at 7:30 GMT
- Ethereum Classic (ETC) Spiral Network Upgrade
- ImmutableX (IMX) zkEVM mainnet launch
- Render (RNDR) fee coverage ends
- Sui (SUI) is also unlocking $54.45 million tokens
February 1
- dYdX Protocol (DYDX) to unlock $91 million worth of tokens
February 2
- Non-Farm Payrolls at 1:30 GMT
Read more: SUI, YGG and AGIX holders gear up for $11 million worth of token unlocks this weekend
With these major events, altcoins are likely going to experience volatile movements, giving day traders a bunch of opportunities. At the end of the day, altcoins’ performance depends on Bitcoin price.
Bitcoin price - one crypto to rule them all
As noted in our previous publication, Bitcoin price’s weekly perspective has improved vastly after a bullish Swing Failure Pattern (SFP) below $39,851. But BTC is not out of the woods yet due to the nasty bearish SFP noted on January 8.
Read more: Bitcoin Weekly Forecast: As monthly close draws near, significance of $43,750 grows
BTC/USDT 1-week chart
So, what does BTC need to do?
On the daily chart, Bitcoin price has created the first higher high after nearly two weeks of downtrend. This development notes a potential start of an uptrend. But for BTC to be out of the woods from the high timeframe perspective, it needs to produce a daily candlestick close above $48,222. This development needs to be subsequently supported by a weekly candlestick close as well.
BTC/USDT 1-day chart
For now, investors can expect a minor pullback to $41,461 after creating Monday’s high. These dips are worth buying as investors can expect a bullish comeback for BTC this week, which will reflect positively on altcoins as well.
Altcoins to focus on this week
Read more: Binance Coin price approaches critical mass, 18% move ahead for BNB
- The usual Layer 1 suspects, like Avalanche (AVAX) and Solana (SOL), have made a nice comeback, with Polkadot (DOT) and Polygon (MATIC), Near Protocol (NEAR) rising alongside.
- Among the hot coins, Sui (SUI) seems to be leading the pack and is followed closely by LidoDAO (LDO).
- Conflux (CFX) and Silly Dragon (SILLY), a meme coin, have taken center stage due to the upcoming Chinese New Year narratives.
Also read: Near Protocol Price Forecast: NEAR leads recovery, eyes 100% upswing
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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Bitcoin briefly loses 2025 gains as crypto plunges over the weekend.Bitcoin experienced a sharp decline this weekend, briefly erasing its 2025 gains and dipping below its year-opening value of $93,507. The cryptocurrency fell to a low of $93,029 on Sunday, representing a 25% drop from its all-time high in October. Although it has rebounded slightly to around $94,209, the pressures on the market remain significant.
The downturn occurred despite the reopening of the U.S. government on Thursday, which many had hoped would provide essential support for crypto markets. This year initially appeared promising for cryptocurrencies, particularly after the inauguration of President Donald Trump, who has established the most pro-crypto administration thus far. However, ongoing political tensions—including Trump's tariff strategies and the recent government shutdown, lasting a historic 43 days—have contributed to several rapid price pullbacks for Bitcoin throughout the year.
Market dynamics are also being influenced by Bitcoin whales—investors holding large amounts of Bitcoin—who have been offloading portions of their assets, consequently stalling price rallies even as positive regulatory developments emerge. Despite these sell-offs, analysts from Glassnode argue that this behavior aligns with typical patterns seen among long-term investors during the concluding stages of bull markets, suggesting it is not indicative of a mass exodus.
Notably, Bitcoin is not alone in its struggles, as Ethereum and Solana have also recorded declines of 7.95% and 28.3%, respectively, since the start of the year, while numerous altcoins have faced even steeper losses.
Looking ahead, questions linger regarding the viability of the four-year cycle thesis, particularly given the increasing institutional support and regulatory frameworks now in place in the crypto landscape. Matt Hougan, chief investment officer at Bitwise, remains optimistic, suggesting a potential Bitcoin resurgence in 2026 driven by the “debasement trade” thesis and a broader trend toward increased adoption of stablecoins, tokenization, and decentralized finance. Hougan emphasized the soundness of the underlying fundamentals, pointing to a positive outlook for the sector in the longer term.
Bitcoin experienced a sharp decline this weekend, briefly erasing its 2025 gains and dipping below its year-opening value of $93,507. The cryptocurrency fell to a low of $93,029 on Sunday, representing a 25% drop from its all-time high in October. Although it has rebounded slightly to around $94,209, the pressures on the market remain significant.
The downturn occurred despite the reopening of the U.S. government on Thursday, which many had hoped would provide essential support for crypto markets. This year initially appeared promising for cryptocurrencies, particularly after the inauguration of President Donald Trump, who has established the most pro-crypto administration thus far. However, ongoing political tensions—including Trump's tariff strategies and the recent government shutdown, lasting a historic 43 days—have contributed to several rapid price pullbacks for Bitcoin throughout the year.
Market dynamics are also being influenced by Bitcoin whales—investors holding large amounts of Bitcoin—who have been offloading portions of their assets, consequently stalling price rallies even as positive regulatory developments emerge. Despite these sell-offs, analysts from Glassnode argue that this behavior aligns with typical patterns seen among long-term investors during the concluding stages of bull markets, suggesting it is not indicative of a mass exodus.
Notably, Bitcoin is not alone in its struggles, as Ethereum and Solana have also recorded declines of 7.95% and 28.3%, respectively, since the start of the year, while numerous altcoins have faced even steeper losses.
Looking ahead, questions linger regarding the viability of the four-year cycle thesis, particularly given the increasing institutional support and regulatory frameworks now in place in the crypto landscape. Matt Hougan, chief investment officer at Bitwise, remains optimistic, suggesting a potential Bitcoin resurgence in 2026 driven by the “debasement trade” thesis and a broader trend toward increased adoption of stablecoins, tokenization, and decentralized finance. Hougan emphasized the soundness of the underlying fundamentals, pointing to a positive outlook for the sector in the longer term.
Gold Price Forecast: XAU/USD opens lower around $4,450 on fears of widening Iran conflictsGold price (XAU/USD) opens over 1% lower to near $4,445.00 on Monday, as oil prices have rallied further on fears of further widening of conflicts in the Middle East. WTI Oil price is up almost 3% above $102.50 in the opening trade, increasing fears of higher inflation expectations globally.
Gold price (XAU/USD) opens over 1% lower to near $4,445.00 on Monday, as oil prices have rallied further on fears of further widening of conflicts in the Middle East. WTI Oil price is up almost 3% above $102.50 in the opening trade, increasing fears of higher inflation expectations globally.
Silver Price Forecast: XAG/USD falls to near $72.00 amid fading safe-haven demandSilver price (XAG/USD) continues to lose ground after registering tiny losses in the previous day, trading around $72.90 during the Asian hours on Thursday. The safe-haven demand for the precious metal fades amid rising optimism over Middle East peace.
Silver price (XAG/USD) continues to lose ground after registering tiny losses in the previous day, trading around $72.90 during the Asian hours on Thursday. The safe-haven demand for the precious metal fades amid rising optimism over Middle East peace.
Gold retreats sharply from two-week top/$4,800 as Trump’s Iran comments boost USDGold (XAU/USD) witnessed an intraday turnaround from the $4,800 mark, or a fresh two-week high set earlier this Thursday, and for now, seems to have snapped a four-day winning streak amid resurgent US Dollar (USD) demand.
Gold (XAU/USD) witnessed an intraday turnaround from the $4,800 mark, or a fresh two-week high set earlier this Thursday, and for now, seems to have snapped a four-day winning streak amid resurgent US Dollar (USD) demand.
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