cryptocurrency Investors are now waiting for the long-running consolidation process to end. Although BTC made a convincing attempt this week, the new peak test seems to have failed for now. So, what are the experts’ current market predictions?
Cryptocurrencies Expert Comment
Bob Loukas clearly said in today’s market review to ignore the noise. Drawing attention to four-year cycles, the expert believes that the impressive earnings period is about to begin despite short-term concerns. We are in the third year of the new cycle and it must be time.
“Bitcoin
$68,287 He doesn’t care, he’s minding his business.
It is currently starting Year 3 of the 4-Year Cycle and this is where almost all of the gains since the beginning have been realized.
Ignore the noise.”
Daan Crypto Trades mentioned that there are only days left now. The US elections are what everyone is eyeing for the big break.
“Bitcoin Its chart is looking good since it broke out of the downside channel and is trading above the Daily 200MA/EMA. Elections aside, I’d say this is a nice uptrend waiting for a breakout of all-time highs.
But let’s wait and see what happens next week.”
What awaits Cryptocurrencies?
There are both US elections and interest rate decisions. The coming year will represent the most important days of the year, and although Trump is less likely to win the election, we should see impressive gains in this scenario. Investors are excitedly waiting for the next 48 hours to end.
Double-digit gain setups started to form in altcoins as well. Crypto Tony closed above $7.3 in today’s evaluation TIA Coin He announced that he would take a long position for . Similarly, we should see bullish breakouts in a significant portion of altcoins.
Bitcoin price At the time of writing, it is trying to maintain the support at $68,300. Although we saw our biggest sell-off in recent months on Thursday, $68,000 was not permanently lost. While BTCD is increasing, altcoins are still weak.
In summary, everyone is in waiting mode and investors are excited to see what will happen. It will not be surprising for cryptocurrencies to fluctuate to extremes depending on the events that will occur in the coming days.
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.
