King cryptocurrency The unit continues to move up the peaks steadily. Now it has exceeded 108 thousand dollars. Experts were talking about reaching the $110,000 target before the end of the year, but looking at the ongoing rise, more seems possible.
Bitcoin (BTC)
Before the Fed interest rate decision announcement tomorrow BTC price is increasing rapidly. While the price, which exceeded $108,250 at the time of writing, continues to rise, the target is $110,000. However, investors should not forget that such rapid rises may be followed by major liquidity hunt declines.
Maintaining $104,000 as support, the bulls showed their belief in larger peaks after the $102,500 resistance. Although QCP mentions that it does not expect a big rise until the end of the year, the current outlook shows that a new cycle peak can be reached between $ 110,000 and $ 120,000.
While a short selling position of $159 million was liquidated in the last 24 hours, total liquidations remained at $314 million. ETH It has not yet sought a new peak above $4,000, which would give hope to altcoins. While open positions in futures increased by 3 percent, the volume in spot markets increased by 15%, surpassing $200 billion.
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.
