Bitcoin $75,017 price The Fed continues to linger at the $76,000 level, minutes before its interest rate decision. Fed statements in the coming hours may be supportive for the new ATH. BTC is still heading towards the cycle top and the price will likely be higher when Trump takes office in January.
ETH, DOGE and EIGEN Coin
With the rise in the markets, cryptocurrency analysts were also revived. Experts, who previously did not share much evaluation other than BTC, are now considering altcoins. Daan Crypto Trades is focused on Ether, the largest altcoin by market cap today. At the time of writing ETH price It is available at $2,845.
“ETH is trying to break out of this doomsday range in which it has been trading since the August crash. There is a very important level here for continuity. “It is currently trading above the Daily 200MA (Blue) but has yet to break the higher range properly and break above the Daily 200MA (Purple).”
Altcoin Sherpa EIGEN CoinHe wrote that with the revival in ETH price, it can make serious profits. The analyst, who wrote that the altcoin has already had a good turnaround opportunity due to the decline in its price, thinks that prices of $ 5 and above can be seen again.
Another analyst shared the chart below: DOGE He mentioned that the price could move to $0.339 and above in closings above $0.22. Musk’s clear support and further moves on DOGE in the coming weeks will likely be supportive of the announcement price increase.
Bitcoin (BTC) Price Prediction
Bitcoin price almost at an all-time record level. The price stalled at $76,350 will reach the new ATH level once it breaks through $76,466. With the excitement of the interest rate decision, new ATH levels would not be surprising. However, the cryptocurrency analyst nicknamed Roman mentioned in his analysis today that if higher tops are not formed, we may see a strong lower wick on the daily chart.
BTC If such a decline occurs, this will affect the recent gains in altcoins. There are a lot of predictions that the election results may turn into a case of sell the news. We may see a break period due to Trump’s schedule, which will take office in January. But will it happen this early? We will experience this and see.
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.