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Reading: BTC Will Go to One of 2 Levels Within Hours, New Record in Solana
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EdaFace Newsfeed > Latest News > Altcoin News > BTC Will Go to One of 2 Levels Within Hours, New Record in Solana
Altcoin News

BTC Will Go to One of 2 Levels Within Hours, New Record in Solana

vitalclick
Last updated: November 5, 2024 9:26 pm
5 months ago
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Bitcoin $68,797 It continues to create continuous wicks. The price has been floating between $69,000 and $70,500 for hours. The election results will be announced hours later, and before that, we will see the exit polls begin to be published. Tonight is very long and we are experiencing one of the most important weeks of the year with the interest rate decision coming in 2 days.

Solana RecordBitcoin (BTC)

Solana Record

Kyle pointed out the historical record on the Solana network this evening, when election excitement covered the entire crypto. Daily on-chain transfer volume was much higher than SOL Coin market value. Activity on the network explains why SOL Coin price is strong compared to competitors like AVAX.

“LEFTmade a record on-chain transfer of $224 billion in just one day, almost three times its market cap of $76 billion.

“This increase highlights a potential breakthrough for both SOL and the broader crypto ecosystem, highlighting the increased adoption, liquidity, and scalability of Solana.”

Bitcoin (BTC)

Stockmoney Lizards wrote in their evaluation about 1 hour ago that $66,800 looks good even though it has not been confirmed as the bottom. He also warned investors that we may see new wicks in this region in the coming hours.

Daan Crypto Trades identified 2 key levels and wrote that the price has the potential to move towards these ranges.

“Below, the largest cluster nearby is located at around $61,600. Above, there is a cluster around $74,000, which is above the all-time high. “Depending on who wins the election, there’s a good chance one of these levels will be taken soon.”

The expert who shared the futures liquidation heat map is confident that the price can move in one of two directions. Altcoins will also likely move in this BTC surge towards their bottom and top targets.

Finally, Cowen is still Ethereum (ETH) $2,438It focuses on . Predicting a further decline in the ETH price, he wrote that the ETH price may weaken faster than the overall market with the rise of BTC or the general market decline. ETH market dominance is below 13% and could sag in extraordinary oversells up to 9%.

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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