BTC price It continued its steady decline and hit a new low we haven’t seen in a long time at $91,800 a few hours ago. After the 108 thousand dollar test, we are experiencing an annoyingly prolonged sales period. The Fed, the US Department of Justice and macroeconomics do not support cryptocurrency bulls. However, on January 20, the nightmare brought by the Biden administration will end. So what are the latest predictions for BTC, BNB and altcoins?
BTC and Altcoins Comment
The Biden administration has been fighting cryptocurrencies for 4 years. Yellen, Gensler, Powell and others have constantly taken new steps against cryptocurrencies. The SEC filed hundreds of lawsuits and told cryptocurrency companies, in legal language, to “get the hell out of here.” But in the November elections, US voters showed everyone who had to go.
The Biden administration is leaving the administration after a 4-year nightmare with its negative discrimination on cryptocurrencies. Trump will take office on January 20 with his crypto-friendly cabinet. to cryptocurrencies Regulatory clarity will come and the SEC will likely get rid of crypto cases outside the scope of fraud. We will probably see days in February and March where today’s negativity will not be remembered. On November 2022 decline BTCDo you remember how many red candles he lit in a row on his way to the bottom? We must experience something like this.
Scott Melker shared the chart above in his latest BTC analysis today and said that we will probably encounter such a scenario. When he wrote this, BTC had not yet reached the bottom level he mentioned, but minutes later it almost reached that level. Now we need to move into the recovery phase towards $98,000.
If it’s jelly altcoins He says that since the breakout level for has been tested, the comeback should start now.
BNB Coin Forecast
BNB Coin It is in relatively good shape compared to the overall market. Phoenix_Ash3s wrote in his latest analysis that new peaks are now targeted. At the time of writing, BTC found buyers at $94,200, while BNB Coin lingered at $695.
“If there is one coin that is primed for a move towards the ATH zone, it is BNB. Look at this 3D trend, it’s pretty crazy with a lot of 21/50/100 EMA support. “It should start now.”
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
