The price of Bitcoin 
$97,424 has dropped below $63,000, a decline that has become familiar over the past six months. After Bitcoin rises and tests resistance, a price drop typically follows. This consistent scenario has persisted for two quarters, prompting questions about future predictions for Bitcoin and UNI Coin. What can market participants expect?
Insights on UNI Coin
Significant gains could depend on the outcome of the US elections. Currently, UNI Coin, the cryptocurrency of a DeFi giant fighting with the SEC, is influenced by negative market sentiment. Daan Crypto Trades assesses the potential surrounding the elections and suggests that regulatory clarity will emerge for cryptocurrencies, which may lead to an increase in UNI Coin prices.
However, if Trump wins, a much stronger rally is anticipated, as he claims to please cryptocurrency investors with every move he makes.
“As the elections approach, UNI Coin stands out. If the fee switch proposal is activated, this token will be revalued significantly higher. I believe a favorable regulatory environment post-election will certainly help in this regard. The chart also looks promising.”
Bitcoin Expert Predictions
Fella and Roman also discussed the future of BTC prices today. Crypto Fella shared the following chart before sales accelerated, indicating that the next breakout phase is approaching. He reminded everyone that October is historically a rising period, referring to it as the “Uptober” narrative.
“Bitcoin is still preparing for the next breakout. We closed September with an 8% increase, which is historically unique. I want to see a breakout for final confirmation. Uptober is here.”
Roman continues to warn investors. He previously highlighted the increased risk of decline for BTC, emphasizing this concern when BTC was at better levels.
“There are many conflicting views here, but everything depends on the $62,000 support. If it holds, we look for consolidation for higher prices. However, if it breaks, we will likely see a drop towards $57,000.”
