Bitcoin $62,039 price It has re-surpassed $63,500 and is heading towards a key level. $64,000 could be breached soon. Continued closes above $61,700 are what technical analysts are targeting for an impressive rally in the short term. Carl has shared the price chart for AVAX Coin again and the big move may be underway.
Avalanche (AVAX) Chart
On September 9th AVAX While it was still below $24, an analyst named Carl wrote that a rally was coming. Now, AVAX price has exceeded $26 and the ongoing increase in BTC price supports the continuation of this rally. Stock markets are supportive and in the second part we will touch on the basis of optimism regarding the general market sentiment.
The targets set by the analyst who shared the chart above are $28, $33 and $41.3, then $54 and $60. AVAX may try higher levels to break the 2024 record. Last month, for the trillion-dollar Franklin RWA Avalanche, which gave good news in the field 
$26 The team has another unpriced news. That is Grayscale The AVAX trust was launched last month amid pessimism by
Time will tell us whether Carl is right or not. But if he is right, investors will gain more than 100% from current levels.
Will Cryptocurrencies Rise?
Fed We have touched on the details at length, but The Kobeissi Letter thinks that housing inflation could surprise the Fed due to housing prices. Housing prices increased in 2020 and 2022. While prices increased by 50% in the last 5 years, inflation remained an important item. The macroeconomic data source wrote the following;
“2020: Interest rates fall to 3%, house prices skyrocket due to strong demand.
2022: Interest rates rise to 2001 high, housing prices skyrocket due to low supply.
2024: Interest Rates Home prices fall in biggest first cut since 2008?
“Historically, lower rates have meant higher home prices due to stronger demand. Now rates are coming down, but does that mean prices will go down?”
If the Fed starts to cut interest rates by 50bp as a first step, it will act carefully at this point as it has said it will avoid cuts that will disrupt the balance in the economy. However, the potential for inflation to return should not be underestimated.
Patrick Scott wrote that the total value of stablecoins (excluding algo stablecoins) is on the verge of exceeding $170 billion and that cryptocurrencies will rise.
His target is over $200 billion, and as liquidity flowing into cryptocurrencies increases, altcoins can also reach their expected earning rates.
Disclaimer: The information contained in this article does not contain 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.
