Bitcoin (BTC) $91,963 price At the time of writing, BTC, which was at $90,200 and jumped to $92,300, fell again. Although such declines provide short-term trading opportunities for altcoins, they excite those who expect further rises. So, what are the experts’ cryptocurrency predictions?
Bitcoin (BTC)
Although it reached its daily peak at $92,300 BTC It is not far from its all-time record price. However, the current outlook is reminiscent of the new peak excitement of previous bull markets. Despite intermediate declines, if we start to see peaks at $94,000 and beyond, altcoins could offer huge profit opportunities before the end of the first quarter of next year.
Ki Young Ju shared the above graphic and wrote;
“Buying is technical; Selling is an art. Following long-term Bitcoin investors may be the smartest move. I set up preset alerts to track key profit-taking moments for short-term traders.
Time to think about selling (Weak sell)
“Good time to sell (Strong sell)”
CryptoQuant CEO Halam thinks it’s not the right time to sell. This reflects the upward trend in the medium and long term. Although we will see fluctuations until January 20, when Trump takes office, next year should be very bullish as the leadership of Republicans who win the Senate and the House will bring clear regulations on cryptocurrencies.
Bitcoin Chart Analysis
Mustache recalled the market assessment he shared earlier this month, before the rise accelerated. The person who writes here that BTC tends to reach a new peak every four years is pleased with the price exceeding 90 thousand dollars and writes that there will be more.
“I said the same thing on November 5, do you remember? Every 4 years, $BTC enters the last wave of the bull market AFTER the elections. Look what happened. 2012-2016-2020 AND 2024 now once again. Everything must rise higher.”
Last analyst Daan Crypto Trades mentioned that today’s rise was expected due to CME GAP.
“Bitcoin For CME futures, whatever gap is created in the first few hours after trading reopens, it tends to close quickly. Always a good level to watch late Sunday/early Monday.
But as I keep repeating, I don’t put much value on these gaps if the price is trading too far away from them. They work like a magnet if you’re nearby, but don’t put too much emphasis on your main analysis.”
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.