Bitcoin 
$64,586 The price turned upward again and returned to the $66,300 level after the US market open. At the time of writing, BTC is at $65,600 and if the decline does not accelerate, the expected period for altcoins may begin. If BTC, which has tested above $ 65,000 countless times in the last 6-7 months, fails again, there may be concerns about a drop to $ 53,000.
Bitcoin Expert Predictions
in the last few hours BTC rose rapidly. So how did analysts interpret the latest move? We will take a look at the evaluations of many analysts. Carl mentioned that if BTC can reach $67,000, a parabolic rally could begin. Therefore, the real parabolic rally will start under the leadership of ETH and it is enough for the BTC price to regain and maintain the key level.
Crypto Rover said that the weekly MACD is about to give a bullish signal and shared the chart below. Like many analysts, he expects this rise to gain momentum and continue, unlike others.
Michael Poppe wrote:
“The upside of this upward move is #Ethereum
$2,526 and #Altcoins are following suit. Crypto Money inflows into its markets are increasing, and this will only accelerate further. Altcoins are still severely undervalued so 5-20x on most is not an outlandish expectation.”
Especially, which is expected to start in the coming weeks FTX Billions of dollars coming from cash refunds are expected to be a lifeline for altcoins and even create the necessary rally ground for gains of up to 10 times in some.
Mustache was the last analyst to share a market assessment about Bitcoin and altcoins.
“I think the moment many of us have been waiting for is just around the corner. USDT Domiance It looks super bearish and is at the end of an Ascending Expanding Wedge formation. USDT.D down = Crypto up. It looks like the start of the subseason is near.”
FET Coin Prediction
In addition to these general predictions of the BTC and altcoin market, there is also FET Coin analysis Let’s take it. Efloud re-shared the FET Coin chart, which he had updated for a long time, about 1 hour ago. He wrote the following for his followers:
“From the red box, there were 50% sales with a 40% profit from the top. The $1.37 region has been pointed out and there is currently an 11.5% profit from there. You can stop->entry. 50% of the main position remains, all my joints are still intact.”
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.
