The post We Examine Top Altcoins Set For Parabolic Rallies Once Bitcoin Makes New All-Time Highs appeared on BitcoinEthereumNews.com.

Some investors are closely watching certain altcoins poised for huge […] Some investors are closely watching certain altcoins poised for huge rallies as soon as Bitcoin reaches a new all-time high. Two altcoins that might see parabolic gains once Bitcoin regains its old records are RollBlock (RBLK) and BNB (BNB).  These altcoins possess an excellent potential for growth owing to favorable industry trends and the innovativeness of these projects. Why will these altcoins experience parabolic rallies during the next bullish wave? Let’s find out! Bitcoin (BTC) Maintains Strong Support Bitcoin has traded between $59,930 and $65,673 in the last few weeks. The premier coin’s nearest resistance is at $68,533 while support is at $57,047. The RSI shows Bitcoin isn’t overbought, with signs of a movement room. Even so, the MACD is negative suggesting potential downtrends. Bitcoin has climbed 6% in 1 month but dropped over 10% in a year.  If Bitcoin can trade for more than $68,533, BTC could achieve $74,275 —- a gain of more than 15%. However, BTC might drop to $51,305 if it trades below $57,047. Bitcoin remains in a tight trading range with potential losses or gains ahead. Could BNB (BNB) Break $600? BNB (BNB), like Bitcoin, has continued to be relatively stable since July. The price hasn’t made lower lows since August, unlike other altcoins that lost far more heavily in that period. This stability explains why BNB ended the week with a 2% price increase and looks ready to move higher. Buyers tend to step in when the price dips below $550, preventing any major sell-offs. Looking forward, BNB could attempt to break above $600 again. If it manages to turn the $600 mark into a solid support, it could aim for its all-time high of $720 next. Rollblock (RBLK) Ready To Bring Players…

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Filed under: News - @ October 14, 2024 4:06 am