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Reading: Is the Nightmare Over Now? Evaluations on the Latest Cryptocurrency Rise
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EdaFace Newsfeed > Latest News > Crypto News > Is the Nightmare Over Now? Evaluations on the Latest Cryptocurrency Rise
Crypto News

Is the Nightmare Over Now? Evaluations on the Latest Cryptocurrency Rise

vitalclick
Last updated: October 16, 2024 6:10 pm
5 months ago
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for more than two quarters Bitcoin $67,169 price lingering in the narrow gap and this caused movement back and forth. Of course, altcoins took a big hit due to the gradually weakening risk appetite. There were even some that returned below last year’s lows. So what are the experts’ current predictions?

Bitcoin Rise CommentAMB Coin Review

Bitcoin Rise Comment

King cryptocurrency rose as high as $68,424 in the last 24 hours and altcoins turned green. Tried many times for $67,000 BTC It returned to levels it had not reached for 78 days. Mister Crypto wrote in his analysis today that the consolidation process, which has been going on for 230 days, has now come to an end.

The analyst who shared the chart above thinks that the upward movement may finally begin after a long consolidation. Drawing attention to similar movements in the past, the anonymous analyst hopes that this will trigger a parabolic rise like the previous ones.

second popular crypto analyst Jelle, on the other hand, drew attention to the jump coming from the 200-day EMA on the BTC chart in the daily period he shared. The last time we saw this was a long time ago and the BTC price rose from $ 29,000 to $ 73,777. If history repeats itself, BTC may start ATH movement again.

Many events that historical data confirm are fueling excitement today. We are in the last quarter, 3 weeks left until the US elections, enough time has passed since the halving and the Fed has started to reduce interest rates. All of these are events that trigger historical rises, one by one. Moreover, the possibility of Trump winning the elections is not negligible. For the first time in history, we may see a US president openly supporting cryptocurrencies and even issuing crypto tokens.

AMB Coin Review

Marco Johanning today AMB Coin He made a special evaluation. This altcoin has some fanatical celebrity supporters and one of them is Marco. Many supporters argue that AMB Coin has not reached the levels it should and its market value is still extremely weak compared to its competitors.

“The ecosystem and transactions are growing!

+18% AirDAO daily transactions in 1 month
+ 2 new tokens launched in September
+ 3 new tokens will be released in Q4

“With a market cap of 22 million, it is the lowest market cap on Binance and in the lowest range.”

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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