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Reading: If BTC Maintains This Level, The Big Rise May Begin in a Short Time, What About ETH and DOT Targets?
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EdaFace Newsfeed > Latest News > Technical Analysis > If BTC Maintains This Level, The Big Rise May Begin in a Short Time, What About ETH and DOT Targets?
Technical Analysis

If BTC Maintains This Level, The Big Rise May Begin in a Short Time, What About ETH and DOT Targets?

vitalclick
Last updated: January 4, 2025 2:11 am
3 weeks ago
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King cryptocurrency His unit is trying to reclaim $97,000 again. With the recovery in general market sentiment, we started to see gains in altcoins. As we move towards the first weekend of the new year, BTC, ETH, DOT Coin Let’s take a look at the current predictions for. Bitcoin $96,525.2 How many dollars will it be?

How Many Dollars Will Bitcoin Be?DOT and ETH Chart Commentary

How Many Dollars Will Bitcoin Be?

Last BTC Thanks to its rise, altcoins breathed easily. On the other hand, it is positive that the BTC price lingers around $97,000. At the time of writing, there was only a short time left for the US market opening, and with the opening of the stock markets, momentum may increase on the BTC side.

In today’s evaluation, Daan Crypto Trades announced the key level for the short-term outlook.

“BTC is trading just around the high-volume price node. So, most volume was traded between these prices.

In general, price moves more easily when it can break out of such a high volume area. On the 4-hour chart, the 200MA is protecting this breakout to the upper side. The 4H 200EMA below offers support. I would like to see this break above $98,000 to get the party started and start moving back towards new all-time highs.

“The level that needs to be maintained for the rise to gain momentum in the short term is $95,000.”

BTC price At the time of writing, it is at $97,050.

DOT and ETH Chart Commentary

In the chart he shared a few hours ago today, Carl pointed out an exciting detail for Ethereum and therefore the rest of the altcoins. Ethereum (ETH) $3,440.9 Focusing on the bull flag on the chart, the name expects a new move above $ 3,640. If this turns into a rise that constantly increases momentum, ATH may come by exceeding the $ 4,100 threshold. And the expected rally in altcoins may begin.

at CryptoBullet Polkadot (DOT) Coin It indicates a break. In the scenario where he is right, the break in the formation DOT Coin It can reduce its price up to 18 dollars. Of course, the status of the BTC and ETH charts will be important in this process. $6.9 must be maintained for the double-digit rally following the breakout to allow for a larger top.

When we came to the end of the article, US markets had opened positively.

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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