The post BTC could hit $80k this November and Pepe Unchained could 100X appeared on BitcoinEthereumNews.com.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin is nearing its all-time high, just 2% away, fueling hopes for an $80K November and potential altcoin surges like Pepe Unchained. Bitcoin is trading less than 2% away its all-time high (ATH), and traders are ecstatic. With momentum on its side, $80K is within reach in November. This lays the way for smaller altcoins like Pepe Unchained to also explode. Bitcoin successfully flips HTF resistance to support, analysts point to $80K Bitcoin recently broke out from a seven-month resistance, and now it’s turned it into support. The market-leading crypto displays huge momentum after flipping its long-term resistance into support, now trading at $72.3K. Adding confluence to this breakout, BTC has just experienced its highest-ever close of a 3-day candle. Momentum is clearly in its favor. And with that, there’s every chance it smashes past its ATH this week and ventures into uncharted territories in November. How far can it go? $80K is a target everyone is watching closely. After Bitcoin successfully broke and retested the descending channel resistance, analyst Castillo Trading predicted it would hit the $80K mark next. And Bitcoin looks strong away from the charts, too. The Federal Reserve will have its next meeting on 7 November to decide whether to cut interest rates. CME FedWatch data suggests a 98.9% chance of a rate cut. The last rate cut, in September, caused BTC to rally from $52K to $70K. Moreover, the US presidential election is just six days away and is expected to be a bullish event for the crypto market. CNBC analysts conclude that Bitcoin will reach $80K in 2024 “no matter who wins the election.” However, the pro-crypto stance adopted by Trump would likely…

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Filed under: News - @ October 30, 2024 10:28 pm