Bitcoin $94,821.2 price Although it struggled for closes above $95,000, below $98,500 remains risky. Altcoins suffered significant losses but BTC retained the $91,500 support level. So, what are the current chart predictions of cryptocurrency experts? What’s next for investors?
Bitcoin Price Chart Comment
BTC After drawing an interesting chart with 8-hour bullish candles, it suffered the wrath of high employment data. It then recovered again but could not reach $96,000. An increase in volatility was expected shortly before Trump ascended to the throne, but the rapid deterioration of the macroeconomic outlook was not a good surprise.
Popular cryptocurrency analyst Michael Poppe wrote the following for the current situation;
“Bitcoin took liquidity last night. Unemployment was more positive than expected. However, treasury markets and yields appear to be at a tipping point and the system is cracking. Yields really can’t go any higher and the initial reaction has already caught on.
“We will most likely see an upward trend in Bitcoin and altcoins in the next 10-15 days.”
The increase in 10-year bond interest rates reached 125bp in a short time and Powell does not like it. Therefore, balancing explanations may come. Altcoin Sherpa shared the chart below and said that we are in the appropriate area for a jump.
Daan shared the financing data of cryptocurrency projects to show that sentiment is positive.
“The Chart Below, Crypto It shows the total money collected in financing rounds for projects. “Clearly, this peaks at the higher levels of the market where sentiment is high and valuations are through the roof.”
NEIRO Coin Review
NEIRO Coin It occupied the agenda for a long time and offered serious earning opportunities. TraderSZ shared his evaluation about it today and his predictions were promising for altcoins in general.
“It wasn’t easy for me to keep this. I’ve only invested in memes once or twice. It’s just part of the game if the project has a long term vision and ticks the boxes that all other good projects have and more importantly there is time… then it has a better chance.
“I bought it when it had a market value of 1-2 million dollars and I expect it to reach a size of 5-10 billion dollars when suitable conditions occur.”
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.
