Falling back to $63,000 BTC once again returned empty-handed from the $65,000 resistance. Strong selling liquidity turned the key level into a difficult target to overcome. As the hopeful wait of altcoin investors continues, we will experience many important developments in the coming days. So what do experts think about BTC, BNB, SOL and crypto- What are the general market forecasts?
Cryptocurrencies General Comment
Michael Poppe said in today’s market assessment that cryptocurrencies and commodities will have the best earning rates in the next 5 years. Global liquidity expansion looks promising with China also lowering interest rates. Moreover, some members’ comments that the Fed’s interest rate cuts may accelerate further motivate investors.
If money becomes abundant, historical data tells us that there will be an increase in risk markets. Although stocks have been pricing in interest rate cuts for a while, new highs are possible as the Fed and other central banks lower interest rates. Moreover, Bitcoin $63,882 It has been a pattern for years that the best period of the year in terms of earnings is the last quarter. We will have entered the last quarter of the year these weeks and investors are already expecting an increase.
BTC and BNB Price Prediction
Jelle wrote in today’s market analysis that BTC will confirm the falling wedge breakout in 5 days if it can stay strong. This means more upside for the king cryptocurrency. The key breakout level of $63,716 has only been around for the last 1-2 hours. BTC this lock lingers below the threshold.
Daan Crypto Trades, on the other hand, drew attention to the rising BNB Coin price due to CZ’s impending release.
“What is important to me BNBWhether it will remain strong or rise even after CZ’s release.
“If the market is ready, BNB should move up. If it doesn’t, I’ll consider it’s not time yet. CZ and BNB will be an important experiment for me.”
To gauge the state of market sentiment, Daan is focusing on the right thing. If bullish markets have started, CZ’s release should trigger a strong rally. The target is a new attempt at $660.
Solana (LEFT) Comment
While Carl was sharing his short-term assessment, SOL Coin was below $150 and although it exceeded $150 in the following hours, it is still below that. In the chart he shared yesterday, he said, “I am targeting $160” and drew attention to the price consolidating in the symmetrical triangle. Today, he wrote the following;
“To the left “Exited the triangle as predicted! The rise may continue after a retest of the previous level.”
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
