BTC price At the time of writing, it is stalling at $62,000, a classic weekend of no volume for altcoins. Cryptocurrency investors are waiting for the boring markets that have been going on for months to end because we have entered the last quarter. Historical data suggests that the nightmare should end at this point. So, what are the current predictions of market experts?
Bitcoin Expert Predictions
Crypto Tony comes first and says that unless $65,000 is taken back, the BTC price will continue its boring fluctuations within the triangle he has drawn. The analyst, who predicts a bumpy road map up to $55,000, does not seem confident that the boring days will end soon. He may be right in this view, as BTC currently continues to close below $65,000.
“$BTC / $USD – Update
Here’s my plan for the next few months. Getting the $65,000 back invalidates that for me.”
Faibik, on the other hand, expects the rally to the $68,000 resistance area to continue in the coming days.
“Nothing has changed yet for BTC but I am still Bullish and expect a move to the $68,000 resistance next week. “A widening wedge breakout could lead to a major upside rally.”
The Future of Bitcoin and Altcoins
Mikybull was king a few hours ago cryptocurrency He wrote that the unit is getting closer to breaking before the big upward move. His predicted target is $95,000 for BTC. However, this seems ambitious under current conditions, as Bitcoin has not yet achieved permanence even above $ 65,000.
Markets can experience surprisingly rapid recoveries after such long boring periods. Unlike previous cycles, there is also the possibility of extra demand in the ETF channel, which means the current cycle should be more parabolic. Of course, the fact that the strong volume in futures transactions directs the spot price is also a serious problem that has not been solved for a long time.
“BTC It looks very bullish on the macro chart. Looking at the chart, the breakout looks very close. The envisaged minimum target is 95 thousand dollars.”
Altcoins In the expected rise scenario for the whole, the same analyst wrote the following;
“Nothing has changed this cycle for the upcoming #Subseason. “It is currently in a retest of the breakout channel.”
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
