en.bitcoinsistemi.com
16 March 2026 11:20, UTC
The sharp fluctuations in the cryptocurrency markets since October 2025 have reinforced investors’ cautious stance, while the recent recovery is increasing expectations for an uptrend.
At this point, experienced Chinese trader Eugene Ng Ah Sio shared his latest expectations regarding Bitcoin.
Eugene Ng Ah Sio, a prominent investor on Binance Futures, announced on his Telegram channel that he has taken a long position.
Sio stated that cryptocurrencies have shown relative strength amidst global macroeconomic uncertainty and are attempting to break through key resistance levels.
The Chinese analyst also added that the crypto market is showing its strongest performance since Bitcoin fell to $60,000.
He said he didn’t buy at the very bottom, but believed that buying or going long after periods of sideways trading minimized the risk.
Noting that many altcoins are also forming the classic round bottom pattern, Sio argued that a full-blown uptrend could begin if BTC surpasses $74,000.
This could lead to a recovery in Ethereum ($ETH) to $2,400 and Solana ($SOL) to $100.
“If Bitcoin successfully surpasses $74,000, the entire crypto market could experience a full-scale rally.”
I predict that major altcoins like Ethereum and Solana will return to their previous trading ranges ($ETH $2,400 / $SOL $100).
*This is not investment advice.
