Bitcoin $65,645 price At the time of writing, it exceeded $ 67,000 again and a critical movement began for cryptocurrency investors. This move may be different from others for BTC, which exceeded the $ 67,000 level again after 78 days.
Bitcoin and Altcoins
Stalled below the key level for more than 2 months BTC The price exceeding $ 67,000 again has the potential to trigger major increases in altcoins. We wrote early yesterday that we would have a quiet week on the macro front and therefore cryptocurrencies could reach new peaks. If today BTC It exceeded the 78-day peak.
The fact that the price has exceeded this region after a long consolidation process is of particular importance as historical data predicts an increase as of mid-October. In the coming hours, if the gains can be maintained and the price tests $68,000, $70,000 can be seen again. At the time of writing, BTC rose to $67,370 and continues to rise.
altcoin Investors are likely to act cautiously, remembering previous unsuccessful attempts. A few hours of price action should be watched closely and altcoins may see surprise upward breaks.
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.