Bitcoin 
$68,156 price popular analysts predicted before it began to rapidly melt. Moreover, BTC is not yet at its target point. Yesterday, we mentioned that at this time, short-term investor profitability gives an early signal for a possible decline. Then, BTC made its final move towards $69,500 and started to decline.
Crypto Analyst Who Knows the Drop
The possible decline in the Bitcoin price was first announced on October 18, that is, 3 days ago. He reiterated his goal today and said that sales could accelerate. At the time of writing the article BTC The price dropped below $67,000. But there could be more. The analyst nicknamed TraderXO warns by sharing the chart below.
If time proves him right again, we may see the price make a new low between $65,000 and $66,000. Below this, we have the potential to see devastating consequences for altcoins.
The stop for the bottom is between $63,600 and $62,800. The loss of $65,200 is the key area that will cause the sales to accelerate. The king cryptocurrency is at $67,270 at press time and is trying to recover from the bottom. However, the last 15-minute candle turned red again after a rapid reversal. Investors are rightfully worried as this situation may be a repetition of the boring movements that have been going on for more than 6 months.
BNB and CAT Coin Prediction
BNB Coin The price is back below $600. The analyst nicknamed Crypto Tony took a risk, encouraged by the popular altcoin’s closing above $605, but this ended in failure. If the decline continues, it can be seen that support levels are gradually tested up to $458.
If the important price level is retraced, the $680 and $700 peaks will be targeted. TraderSZ, on the other hand, listed futures transactions, unaware that the BTC decline would deepen. CAT Coin He was talking about pushing the price higher.
This expectation was not meaningless due to the breaking of the downward trend, but the decline in BTC price may disrupt the structure here and cause a retreat at the support point.
We will have a quiet week on the macro front. It is an important issue that the elections are approaching and volatility in cryptocurrencies may increase further.
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.
