At the time of writing BTC price After a long break, it is pushing the $ 69,000 limit and this region can be exceeded. Markets that have been consolidated in a narrow range for a long time need to see a break at some point. And perhaps we are on the eve of this breakout because historical data, with many bullish signals, rightfully raises investors’ risk appetite for the next few weeks. So what are the predictions for cryptocurrencies?
Bitcoin Predictions
Bitcoin in Crypto Fella latest market review 
$67,945 He talked about two different scenarios for . Excited investors are still waiting for new investors to come to the markets and for this to happen, we have to have a few months of impressive bullish period. We must see exciting days where everyone will feel like an investment genius so that more capital flows here.
Drawing attention to the inflows in the ETF channel, the analyst wrote:
“Update $BTC – 31,600 investors invested in #Bitcoin ETFs last week with over $2B BTC There was an entrance. We are slowly preparing for the elections with a break from the bull flag. There are 2 possible scenarios for me:
Scenario 1: We are having a relatively slow Uptober and testing the support line from the bull flag structure. When there are elections, we will move upwards.
Scenario 2: We run towards $70,000, another psychological resistance. “We test again and run straight to ATH.”
Kyle, on the other hand, mentions that he is receiving signals that short-term investors are tired. If there was such a change, it would not be surprising if we tested $ 70 thousand in the coming days.
“Short-term investors are reluctant to press the sell button after converting their money into cash, indicating potential fatigue. “If this trend continues, they may switch gears and start accumulating, which could ease the burden on prices.”
Bitcoin Will Be 100,000
Jelle clearly and clearly today Bitcoin (BTC) pointed to the direction the price was heading. The analyst mentions that the target may be locked due to the withdrawal of support. This is a six-figure Bitcoin price. If Jelle is right, we should soon see BTC break through the last ATH level at $73,777 and start moving higher.
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.
