Bitcoin price touched $65,000 for the first time in a long time today in futures and then settled above $64,000 in the spot market. The statements made by the Fed yesterday had an important place in this price movement. The statements were interpreted as being ready for a rate cut and the BTC price rose accordingly. This rise also had a positive effect on the rest of the market. So let’s see together what market analysts are thinking right now.
Analyst’s Comment on Bitcoin
One of the closely followed names in the cryptocurrency world, Bitcoin’s He made statements that (BTC) may be moving towards new ATHs. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
Bluntz The analyst, who is named, told thousands of followers on social media platform X that after Bitcoin broke the $62,000 resistance, a new five-wave rally may have started that could support BTC’s move to a new all-time high.
The analyst applied the Elliott Wave theory on BTC, which reveals that a bullish outlook usually exhibits a five-wave upward movement before significant price corrections.
Bluntz said the following on the matter:
We managed to break through, we are pretty confident right now that we will reach a new all-time high.
According to the analyst’s analysis, Bitcoin may rise to $84,000 in mid-September as a result of a series of movements. As of writing time, Bitcoin continues to find buyers in the $64,000 region after an increase of over 5% in the last 24 hours, which is thought to have been significantly affected by the interest rate cut announcement made by Fed Chairman Powell.
Analyst’s Comments on SEI
Solana’s Making statements about (SOL) rival Sei, the analyst stated that SEI is on the verge of a significant rise against Bitcoin and the US dollar.
I think SEI is about to break out. SEI/BTC has a weekly bullish outlook. SEI/USD has a clear five-wave rally from the lows and has already had a nice pullback AND heavy negative funding.
Looking at the price of SEI, it seems that it has increased beyond BTC today. SEI As of the time of writing, it is finding buyers at $ 0.3423 as a result of the 7% increase in the last 24 hours. This price level also affected the market volume and after a similar increase, the volume exceeded $ 1.1 billion.
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.
