Popular cryptocurrency analyst Bitcoin (BTC) $61,635 He shared his price prediction for and pointed to $90,000. Today, we will also discuss the predictions of different analysts for DOGE, ETH and altcoins in general. BTC is at $61,440 at press time and altcoins have lost 5 percent due to the last big drop.
Bitcoin and Altcoins Comment
Crypto Analyst and trader Jelle wrote in the chart he shared on October 2 that the important support level for BTC is maintained and the rise will begin with the breaking of the descending expanding wedge. The insignificance of the short-term movement becomes apparent when we examine the chart over the longer term. Despite intermediate declines, the analyst’s target is $90,000.
Mustache shared his expectations for altcoins in general. The analyst, who took a look at the USDT dominance in the weekly period in the chart published today, wrote that the big decline will begin soon. If USDT dominance falls, this will mean more cash entering cryptocurrencies.
“Ascending widening wedges rarely turn out well. In most cases they are in a downward trend. USDT dominance has been writhing in this formation for 6 months. When the decline begins, we will see the start of the altcoin season we have been waiting for. “Take advantage of this opportunity when it comes.”
While historical data for the last quarter feeds optimism, there are also details such as the USDT Dominance chart that increase bullish motivation. If everything goes as expected, we can see impressive gains in altcoins in the next 6 months.
ETH and DOGE Price Predictions
altcoins In particular, there are two giants worth taking a look at. dogecoin $0.108079 Meme is the largest asset among coins and Ether is the largest among all altcoins. The rise of this duo may herald greater gains for cryptocurrencies in general. Trader XO wrote the following for ETH in his last evaluation:
“ETHI think the conditions are right for it to make a new bottom before a bigger peak. A deeper local bottom is also targeted for BTC.”
According to the chart, the triple bottom target creates the possibility of a new attempt at $2,200. Crypto Bullet, on the other hand, wrote that he was extremely happy with the maintenance of the MA50 support on the DOGE chart and did not expect a deeper bottom.
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.