Bitcoin price recouped its recent losses and regained $68,000, but investors are still skeptical. BTC Such rallies are experienced after months of excessive selling, and then larger declines follow these rallies. ISLAND, LINK And AVAX As it rises by double digits, activity in Altcoins increases. So what’s the next goal?
Bitcoin (BTC)
Having lost 66 thousand dollars, BTC dropped to the new level of 62 thousand and the target was 60 thousand dollars. Many analysts expect a deeper bottom at $50,000 within a few months. Although the king cryptocurrency is recovering from the bottom for now NVIDIA earnings report Then the agenda will return to Iran, customs tariffs and the Fed’s delay in interest rate cuts. Therefore, it may be an appropriate step for investors to approach the rise that may be a trap with caution.
In order for the markets to be convinced that the BTC decline is over, $78,000 must be reclaimed and a strong movement above $87,000 must begin. So, it is too early to be happy for now, and if a real comeback is to begin, the volume must increase with the price and recover indicators such as Coinbase Premium.
ADA, LINK and AVAX
After the last drop ADA Coin It healed its wounds and reached the targeted resistance point in the possible rise. $0.3 short rises are the key area for those who see a short selling opportunity, and if we see convincing closes above this, the $0.33 and $0.35 range can be targeted. ADA Coin continues the day with a 13 percent gain, and it is not likely that we will see another rise this much due to previous unsuccessful attempts.
Like many other cryptocurrencies, it reached the level it hit during the October 10 crash. LINK Coin He moved forward slowly. After testing $8.08, the price reached the key resistance zone just like ADA Coin. If we are experiencing a true bottom reversal, we should see $11.50 reclaimed before long.
LINK Coin continues the day with a 15% gain and is among the leaders of the rallies. Since ETH has not yet regained $ 2,100, it may be useful to be skeptical of this exciting rise in Altcoins. In the first episode, we talked about the risks of Thursday. Moreover, PPI will come on Friday. If inflation does not come as desired again, interest rate cut expectations may shift further to July as employment recovers.
Best rise today after excessive sales AVAX did. Stalling at $9.77, the price is clearing the resistance level and could return to the safe zone of $11.4. BTC rise accelerated and $68,480 was just surpassed.
