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Reading: Pay Attention to the $2.3 Trillion Level, Is the Expected End Coming for BTC and Altcoins?
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EdaFace Newsfeed > Latest News > Technical Analysis > Pay Attention to the $2.3 Trillion Level, Is the Expected End Coming for BTC and Altcoins?
Technical Analysis

Pay Attention to the $2.3 Trillion Level, Is the Expected End Coming for BTC and Altcoins?

vitalclick
Last updated: October 15, 2024 2:59 am
3 months ago
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Bitcoin (BTC) $64,586 At the time of writing, its price reached the $66,000 limit and is finding buyers at $65,880. After the last test of $ 67,000, the price dropped to $ 59,000 levels and returned quickly. The effect of this was also seen quickly in altcoins. Assets such as SOL Coin continue the day with a 5 percent increase.

Bullish Target in CryptocurrenciesBitcoin and $65,000

Bullish Target in Cryptocurrencies

Bitcoin The ongoing move towards $66,000 may excite investors as it has made lower lows in recent attempts to top. Although there is the potential to turn things around with the disappointment of the Trump factor in these elections, BTC seems to be about to end one of the long consolidation periods it experienced before major breakouts.

The boring narrow range movements that have been going on for months must at some point turn into a new ATH journey with closings above $ 70,000. Michael Poppe wrote in his final evaluation;

“Total market cap for crypto is facing a very significant breakout, the most important of this year.

“If it exceeds $2.3 trillion, it is very possible to try a new ATH.”

BONK Coin In particular, the analyst known under the pseudonym TraderSZ announced 2 different targets. The first target here is $0.00003. If successful, the previous all-time record level could be targeted.

Bitcoin and $65,000

Yet BTC price While it could not achieve permanence above $65,000 as it is now, the analyst known by the pseudonym Jelle mentioned that this region was the key point. Sharing the chart below, Jelle says that the next target is $ 70,000 under current conditions. If he is right, then the targets of $ 73,777 and $ 80,000 may come to the agenda.

“The declines are over, the crows are scared and the price is on the rise. Let’s see if Bitcoin can move towards the $70,000 region this week.

The last hurdle to overcome: $65,000.”

Bitcoin The price exceeded $65,000 in volume and reached $66,000 in a short time, showing that this movement may be different from others. If bull markets start 3 weeks before the elections, as in previous cycles, we can see earnings opportunities exceeding 10 times by the middle of next year.

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.

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