Uptober may not have delivered what was expected, but cryptocurrency investors got what they wanted from Moonvember. BTC price It rose by double digits in November, opening the door to significant gains in altcoins. Investors are now watching enjoyable charts after months of boring movements.
GOAT Coin Review
Altcoin Sherpa, who announced that he expected a further rise for GOAT Coin in his previous evaluations, achieved what he expected. Although the $1 billion market capitalization target has been achieved, the levels targeted by the analyst after consolidation are much higher. In today’s evaluation GOAT Coin He wrote that his assets continue to hold.
“I aim for greater heights in the long term. I think consolidation between $0.75 and $1.00 in this area is a good entry point. “I still feel like he’s going to go higher and I’m holding on to my GOAT Coins.”
First AI agent to experience profit sales above $1 meme coin If GOAT can turn this resistance level into support, it can needle higher levels. Of course, for this, the positivity in the general market sentiment must continue and the BTC price must maintain the current high levels and provide the necessary environment for altcoins to rise.
Will Cryptocurrencies Fall?
We see continuous, stable declines or rises in cryptocurrencies in bottom/top movements. in 2022 BTC It was falling as if it were going to zero. In fact, although it should have maintained the previous ATH level as support, it violated it and fell to $ 15,500. Because many negativities overlapped. Now it’s like a lot of good things coming together.
Although investors may see intermediate declines, prices should continue to move in the direction of the trend. This situation will reverse when the cycle peak is seen and cryptocurrencies will again experience declines like there is no tomorrow. However BTC Since it targets six-digit prices, it is possible for the rally to continue up to around 120 thousand dollars for now, at least this is the prediction of most analysts.
Kyle warned of an interim correction in his analysis today.
“There are two concerns for me in the short term. TD sequential top (meaning retracement potential) in daily play. USDT dominance remains at the key support that has led to every local or major top in BTC for the last 7 years. But that said, dips will be for buying, and as long as you’re not overleveraged and spot-focused, you’re probably good to wait for the rise.”
November is historically known as Moonvember, and historical data is supportive as you can see above.
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.
