Crypto analysts, Bitcoin 
$62,198They agree that (BTC) could reach a new all-time high if it breaks a critical resistance level. Anonymous trader Inmortal stated in a statement to his 216,300 followers on the X platform that he expects a significant increase in the value of Bitcoin if it exceeds $64,000.
Inmortal’s Prediction
Inmortal states that Bitcoin’s recent decline has formed a local bottom. He stated that Bitcoin’s decline from approximately $66,000 to $60,000 from September 29 to October 2 gave positive signals in terms of technical analysis. Inmortal argues that if the price of Bitcoin exceeds $64,000, it will set a new all-time record.
Kaleo’s Opinion
Kaleo, on the other hand, suggests that Bitcoin may drop to $57,000 to $58,000 in the coming period. However, he states that the cryptocurrency will recover after this bottom level and will experience a strong rise after the elections.
Market Situation
Bitcoin is trading at $61,948 at the time of writing and is up 2.1% in the last 24 hours. Market activity supports the different predictions of analysts.
Investment Strategies
Inmortal sees two points at which he considers long-term investment in BTC: when it shows a swing failure pattern (SFP) at $60,000 or when it finds acceptance above $63,000.
Kaleo, on the other hand, recommends investors to accumulate BTC during possible downturns. In his opinion, accumulated BTCs will gain value in the future, regardless of market fluctuations.
Bitcoin. It still looks like a rapid decline to $57,000 or $58,000, then a post-election rise will continue.
Latest Status
These different predictions in the Bitcoin market require investors to be careful and follow market trends closely. Analysts’ predictions indicate that Bitcoin may show significant movements depending on technical analysis and market dynamics. It is important for investors to do their own research and apply risk management correctly.
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.
