Bitcoin $76,335‘s price has turned upward once again, returning to the $66,300 mark after the opening of U.S. markets. As of the time this article was prepared, BTC was at $65,600, and if the decline does not accelerate, a promising period for altcoins may commence. Having tested levels above $65,000 countless times in the last 6-7 months, concerns about a drop to $53,000 may arise if BTC fails to achieve success this time.
Bitcoin Expert Predictions
In the past few hours, BTC has risen rapidly. What do the specialists think about this recent move? We will review various evaluations from many analysts. Carl mentioned that if BTC reaches $67,000, a parabolic rally could begin. He believes the main parabolic rally will start with ETH leading, and for BTC, reclaiming and holding the key level is sufficient.
Crypto Rover indicated that the weekly MACD is about to signal a bullish trend and shared a corresponding chart. Like many analysts, he expects this upward movement to gain momentum and continue, which sets it apart from previous surges.
Michael Poppe commented that this upward movement is beneficial as Ethereum $3,037 and altcoins are following suit. He noted that capital inflow into crypto markets is increasing and is likely to accelerate, with many altcoins still significantly undervalued, making 5-20x returns not unusual.
There are expectations that billions in cash refunds from FTX, anticipated in the coming weeks, will provide a lifeline to altcoins, creating the necessary rally ground for potential gains of up to ten times in some instances.
FET Coin Prediction
Alongside predictions for BTC and altcoin markets, let’s consider an analysis of FET Coin. Efloud updated the FET Coin chart he has been monitoring and shared it about an hour ago, stating: “Profit of 40% was taken with a 50% sale from the red box at the top. The $1.37 region has been marked, and currently, there is a profit of 11.5% from there. You can perform a stop-entry. 50% of the main position remains, and all my add-ons are still in place.”