Analysts who shared bullish forecasts today were disappointed, things did not go as they expected. BTC price dropped below $67,000. Ahead of the upcoming US elections, the SEC’s in crypto We are receiving signals that they will strengthen their strict controls. This does not bode well for investors.
Elections, SEC and Crypto
Gensler takes a negative approach regarding cryptocurrencies. Thinking that almost all altcoins are securities gentes He will remain in office until 2026. trump crypto- While he’s ahead in the polls, he continues to lag behind in real world polls.
The last chance in elections, as in crypto, is Elon Musk. Now that the elections are days away, Elon Musk is more on stage and is spending a lot of his energy for Trump. The billionaire, whose visibility is extremely high, is doing the promotional campaign for free, which would make huge profits if he were asked to do it for money.
On the other hand, SEC’s 2025 audit focuses document has been published. There will be extensive audits of cryptocurrency companies, and we may see lawsuits as a result next year.
Analysts’ Crypto Predictions
Michael Poppe wrote things that excited altcoin investors before today’s rapid decline. Thus, the $2,770 resistance can be overcome. ETH He explained that the price has the potential to reach $ 3,200 with the chart below. But ETH price is now going in the opposite direction.
“Ethereum
$2,705 It may finally be on the rise. It would be great to break through the critical resistance at $2,770. If this happens, the next target will be $3,200.”
Jelle warned of possible testing for $65,000. During this warning BTC It was about to retest $69,000.
“Bitcoin
$68,156 It is losing some momentum and pushing the $69,000 resistance level. ETF flows also went crazy. At least so far we should play it safe:
First scenario: Retest $65,000
Second scenario: Overcome resistance.”
Finally, Phoenix was among those who warned today that we may see small retreats.
“It’s me again [redacted.retardio] Since we were following my squiggles, I drew a new one. I expect only small retreats, without any jokes. “There is still a lot of sidelined capital, they will likely jump to the 75-100K region later this cycle.”
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.
