Bitcoin (BTC) $94,029.6 Today it exceeded $99,000 again, but six-digit levels should be maintained as support. For the rise that altcoin investors expect, it is necessary to move further away from the risk of falling to $ 85,000. The person who predicted several previous big declines shared his assessment of the current situation. So how many dollars will AVAX and MINA Coin be?
Will Bitcoin Fall?
The analyst with the pseudonym Rager correctly predicted the previous $90,500 test and several corrections. Rager made successful predictions because he was one of the few analysts who remained cautious this cycle and took bearish signals seriously.
In his evaluation today, he mentioned that the possibility of testing $ 85,000 is weakening and shared the chart below and wrote:
“Many people asked for an $85,000 liquidation hunt. We are moving away from here as the expectation is concentrated in this direction and I think we will not see such a big correction at the moment.
This sell-off was enough to give the market what it needed to reset. To continue the upward trend BTC daily bouncing at the 50 EMA.”
MINA Coin Price Prediction
Dropping to $0.540 altcoin could not reach the desired levels. The price, which reached higher levels even in March this year, could only climb to the $1 threshold with Trump winning the elections, while most altcoins made triple-digit gains. Investors expect $0.68 to regain support.
MINA Coin If it can get back this threshold, it can target the $0.73 and $0.8 levels. Then, it will need to gain $0.923 for any further gains. When it returns to the $1.07 and $1.28 range, we will probably see the start of an uptrend for altcoins in general.
For years MINA Coin It was laying the groundwork for building its own ecosystem, and nowadays many projects are waiting to become operational on the network simultaneously. If community support starts a strong wave in the general market, we could return to the days when the annual peak of $ 1.72 was surpassed and peaks above $ 5 were targeted. With the resurgence of popularity in the ToM space, the decentralization capability brought about by the lightweight aspect of the MINA Coin network should attract attention.
AVAX Price Review
Trying to reclaim the mid-$41.37 area AVAX If it can achieve this, it can return to the parallel channel resistance at $50.14. What supports this scenario is that there was no major pullback in the last decline until the parallel channel support at $31.
$65 might be a good target for January. And of course, BTC should consolidate six-digit levels as support.
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.
