Analyst Expectations for Altcoin Recovery
Recent market volatility stemming from US President Donald Trump's tariffs has negatively impacted Bitcoin (BTC) and altcoin prices. BTC has declined to $91,000, while major altcoins like Ethereum (ETH), Dogecoin (DOGE), and XRP have faced steeper losses.
Despite these declines, crypto analyst Matthew Hyland remains optimistic about altcoin recovery. In his analysis, Hyland suggests that altcoins may reach their December highs as early as April.
However, Hyland cautions that a full recovery to December peaks is unlikely by April and attributes this partly to Trump's tariffs. He advises investors to manage their expectations and anticipate a gradual recovery.
Hyland emphasizes that the recent liquidation was significant and suggests that a recovery may take a similar timeframe to that observed in 2020 and 2022. He urges investors to remember that "markets can do anything," but historical examples indicate a longer recovery period.
The analyst acknowledges that a V-shaped recovery like that of 2020 is possible but notes that it typically involves setbacks along the way. Hyland advises investors to approach the recovery with realistic expectations and avoid becoming discouraged by potential delays.