Bitcoin (BTC) $73,968 price At the time of writing, it is at $74,000. The day is positive for altcoins. We are seeing impressive gains in cryptocurrencies, which rank first by market capitalization. So what are the experts’ predictions? Is further rise possible?
Cryptocurrency Rise
Pushing the all-time record price higher Bitcoin (BTC) For now, it is stalled at $74,000. Cryptocurrency investors became more enthusiastic after Trump won. He made such exciting promises that Trump’s win turned into a win for cryptocurrencies.
So is there more room for upside? Kyledoops addressed this issue in its latest market assessment and drew attention to BTC MVRV data.
“The MVRV metric shows that Bitcoin still has room to rise before it overheats.
“Growth momentum may fade as market cap rises, but once MVRV reaches around 3, be prepared for a potential peak in this cycle.”
We are not yet close to the level that analysts are paying attention to for the cycle peak, and ETF volume data coming in the coming hours will be very important.
ETH and Dogecoin (DOGE)
Altcoin Sherpa says ETH price will soon find the bottom. As Bitcoin market dominance increases, it would not be surprising for ETH price to see a new bottom in BTC parity. However, it is comforting that a significant part of the road is behind us.
dogecoin $0.199245 (DOGE) is among the most gaining altcoins of the day. Elon Musk’s DOGE proposal and Trump’s extremely warm stance towards cryptocurrencies were decisive here. Altcoin Sherpa is already the best to trade altcoin He says he is DOGE.
“DOGEis one of the best coins to invest in right now.
Great liquidity and great volatility.
In LTF, basically keep scalping, bid in any demand zone on the lower time frames.
If DOGE starts to pull back significantly, mark the .382 fib level. This should be a great introduction.
“I hope to see this pause for a few days, that would be a great introduction.”
DOGE The $0.23 and $0.28 targets are levels that can be tested in an excessive demand environment. It is positive that it lingers near $0.19 for now.
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.