Bitcoin (BTC) 
$69,491 After exceeding $71,000, it turned down again and is at $70,000 at the time of writing. BTC returned from the resistance level for the second time. The fact that $71,500 cannot be maintained is not good for short-term performance. Moreover, multiple uncertainties put pressure on buyers. So what is the current situation for cryptocurrencies?
Bitcoin (BTC)
The all-time weak peak has not been surpassed again. BTC If it had increased to $133 in recent days, it would have surpassed the record level. For investors, unsuccessful peak attempts feed the motivation to reduce risk in altcoins. Possibility of Iranian retaliation, November 5, US elections, November 7 Fed interest rate decisions So many events will increase volatility in the coming days.
Stockmoney Lizards, on the other hand, defends the pointlessness of being overly focused on events in a broader context.
“Bitcoin is highly volatile and retail investors are often confused by the surges and dips (they often buy on surges and sell on dips).
But Bitcoin is really simple. If you have patience, you can make a fortune without having to trade and save at good entry prices. As you can see in the chart, Btc usually breaks out after the 1.5 year bear market and rises above the EMA50 (weekly). In every EMA50 retest/crossover ever, this has been a historic opportunity.
And even now it seems like the right thing. 4 weeks ago, BTC It touched EMA50 once again, since then we are up ~40% once again. And that’s not all… There will be more to come.”
Like Hayes, Lark Davis focuses on the growing US debt.
“The US national debt currently stands at $35 trillion. More than a third of this ($12T) was printed in the last 4 years. The cash you have is getting weaker day by day.
I wish we had a limited supply asset that could fix this.
Wait, there is. Yes, BTC”
GOAT Coin Predictions
One of the most popular meme coins of recent days and the first one supported by artificial intelligence. meme coin It’s exciting to happen. We have seen how significant growth the pioneers in such trends have experienced. GOAT Coin is a good example of this because at its peak, its market value increased to the limit of $1 billion.
Altcoin Sherpa wrote in his analysis today that consolidation will continue for a new rally. He claims that the price, which will remain around $0.5, will pave the way for larger peaks.
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.
