cryptocurrency Investors saw the start of a steady rise again after the declines that continued for days. Although it is too early to rejoice, the BTC price exceeded $ 98,000 again at the time of writing. altcoins While compensating its losses, it climbed approximately 5-10% from yesterday’s new lows. So what is the expectation for altcoins?
Bitcoin (BTC)
More than $98,000 at the time of writing BTC For now, it is recouping its losses. However, investors will be able to breathe easy with closes above $98,500. This support point, which will open the door to six-digit levels, has not been reclaimed yet.
The popular analyst, known by the pseudonym Daan Crypto Trades, wrote the following today, before the rise started.
“BTC I have no intention of opening new transactions in this last week of the year. I think BTC will remain volatile with no clear direction in the short term. The key event will be a breakout above the high-volume level near $97,000.
Below are some potential liquidity opportunities that would interest me if they were cleared.”
The points marked by the analyst on the chart extend to $85,162. Fortunately for now BTC seems determined to move away from this bottom.
Altcoins Comment
Mustache also made evaluations about altcoins before today’s rise. many others cryptocurrency analyst Like him, he also thinks that the exciting rise period expected for altcoins has not started yet. The prediction he shared based on historical data predicts new peaks of over $4.9 trillion.
“Call me crazy, but I think the best part is yet to begin. “I don’t know how high it will go, but it’s a lot higher than it is now.”
farcoin Addressing the current view specifically, Altcoin Sherpa wrote the following;
“I realize I just need to use dextools chart for this. I’m not rushing for a position but definitely at some point FARTCOIN I want to buy. It looks pretty strong in the short term, but we’ll keep our eyes peeled. This is a great meme coin.”
Possible buy levels are marked at $0.65 and $0.5. It is above $1.28, with the analyst’s target on the market recovery. altcoin Investors will watch BTC’s performance in the coming hours with excitement. If there is a new attempt at six-digit levels, this may also open the door to a new ATH.
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.
