The post Traders Assess Predictions for Bitcoin and Altcoins appeared on BitcoinEthereumNews.com.

Currently, Bitcoin (BTC) trades near $69,000, bouncing back from a low of $67,478. The anticipation is high as the announcement of the new U.S. President is imminent. This election is particularly significant due to Donald Trump’s supportive stance on cryptocurrencies. With this context, what are the latest forecasts from market experts? What are the Predictions for FTM and BTC? According to prominent Turkish market evaluator Efloud, the FTM Coin is attracting attention in his latest analysis. He has pinpointed crucial price levels, indicating that the market could either rebound from $0.5353 or fall to $0.4148. If there is an upswing, a rally could reach $1.47 after surpassing $0.632 and $0.958. Altcoin Sherpa warns that the next few days will be marked by substantial volatility. Which Altcoins Hold Potential Now? In his recent analysis, Altcoin Sherpa expressed optimism about three meme coins: PEPE, BONK, and WIF Coin. He believes these assets could outperform many traditional cryptocurrencies during this cycle, suggesting a strong upward trajectory for them. Bitcoin’s current stability around $69,218 indicates market resilience. Altcoins are responding positively, with DOGE experiencing a 6% increase. Market experts caution against high leverage due to potential volatility. As Bitcoin stabilizes, the crypto sphere braces for potential shifts depending on the election outcome. Traders remain vigilant, eyeing critical price points while anticipating further developments in the altcoin landscape. Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research. Source: https://en.bitcoinhaber.net/traders-assess-predictions-for-bitcoin-and-altcoins

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Filed under: News - @ November 4, 2024 6:18 pm