Bitcoin $67,537 The fluctuation in its price continues and after falling below $68,000, $68,300 was exceeded again. The sell-off at $69,000 blocked the rise many times. So will the bulls be successful this time? Today we will discuss the current predictions of three different analysts for DOGE, ETH and BTC.
When Will Cryptocurrencies Rise?
BTC At $68,350. In today’s market review, Daan Crypto Trades mentioned that investors had to wait significantly on the sidelines due to the US elections that are just days away.
“BitcoinIt is struggling around this $67,500 level, where most transactions as measured by volume have occurred in this price range. Above here, almost the only major hurdle is formed around $69,500.
I assume many traders/investors are still sitting on the sidelines and waiting for election results, which I can understand. It will be very interesting to see if BTC will attempt to rise before the elections. “Just looking at the chart and ignoring everything else, I’d say it looks ready.”
Kyle also said that a big move is coming in Ethereum $2,524 Wrote based on his data. Strengthening flows for ETH on derivatives exchanges indicate 2 things. Either we will see a major correction wave or ETH will now start the trend change.
“There has been a recent influx of 96,000 ETH into derivative exchanges, indicating increased market activity. Historically, such entries, marked with red boxes, have led to surges or declines in Ethereum prices, as observed in May and July. “This latest increase could signal another wave of price corrections or significant market shifts.”
The point pointed out by Kyle heralds a big movement in altcoins led by ETH. If ETH experiences a large fluctuation, we should see the results with a multiplier effect across altcoins.
Dogecoin (DOGE)
In the chart shared by the last analyst Tardigrade dogecoin $0.138324 (DOGEHe wrote that ) repeated his previous actions. The name that is extremely hopeful about the medium and long-term performance due to the bull flag formed DOGE He wrote that the price could reach 1 dollar.
“DOGE reveals an interesting Bull Flag that simply replicates the previous cycle. Dogecoin formed a higher high for the first time after 4 bottoms. Now, a Bull Flag is ready. A breakout from here could push DOGE to $1 very quickly.”
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.