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Bitcoin (BTC) 
$109,005 has not given crypto investors what they wanted for the last 2 quarters, and the volatile trend continues. The price, which consolidated at low levels, fell to $52,500 and is now struggling to stay above $55,000. Carl and Jelle shared their latest predictions for Bitcoin (BTC) at the time of writing. Another analyst also announced his target for DOT Coin.
2 Analysts’ Bitcoin Predictions
The largest cryptocurrency by market value, BTC, was lingering at $55,200 at the time of writing. Although altcoins have largely turned green, they have not been able to compensate for their losses. The fact that BTC’s price continues to linger at low levels and the ongoing lack of appetite days before the first rate cut is confusing.
On August 19, Carl shared the following chart and said, “a fake parallel channel with numerous fakeouts may form.”
Today, he published the updated chart and wrote that the parallel channel he mentioned had broken. Although the new chart shows that the descending channel structure has started to break, it is difficult to talk about a definite reversal without surpassing the $58,000 level. The targets are $49,000 on the downside and $63,000 on the upside.
Jelle, on the other hand, drew attention to the bullish divergence by sharing the following chart and wrote that it is too early to be sure of this. If BTC closes the current 3-day candle in green, the analyst’s recovery scenario may come true. Still, it is hard to be sure, and the volatility seen after the US market opens could be surprising.
DOT Coin Predictions
It was one of the most popular altcoins of 2021. However, the long-standing fluctuations in the cryptocurrency markets have negatively affected the Polkadot (DOT) chart. Increasing alternatives have strengthened the competitive environment, while investors’ risk appetite has weakened. This has caused the DOT Coin price to see new lows.
Still, the potential of assets that performed well and survived in previous bull cycles should not be underestimated. A crypto technical analyst named Waleed Ahmet shared the following chart and stated that he expects a reversal for DOT Coin if it closes above $4.3.
If BTC returns to $65,000 during this period, the DOT Coin price could climb to the target of $5.09.
