BTC price surpassed $71,000 yesterday and reached $71,379 today, opening new peaks for altcoins. Cryptocurrencies like BNB, SOL, and SHIB saw rapid increases. Gains reached up to 8%, and if BTC maintains its strength, new ATH levels are possible. So, what are the latest predictions?
Bitcoin (BTC)
Yesterday’s JOLTS data favored Bitcoin price, which we reported as breaking news. At that time, the price exceeded $69,700 and continued to rise. Moreover, higher closing levels increased the risk appetite of altcoin investors. Under current conditions, if Friday’s Non-Farm Payroll data is also positive, investors could see significant gains after a long time.
In the first quarter, investors focused on profit-taking during interim rises following parabolic rallies. However, a strong comeback similar to the first quarter seems to have begun.
The key level for Bitcoin is $71,700, and with closings above this, the all-time high of $73,777 will be targeted. If the ATH level is broken, peaks above $80,000 could be opened. Investors should focus on the key support area of $70,300.
Ethereum (ETH)
After a sharp decline from the peak in March, ETH has now turned upwards with the ETH ETF approval. Holding the support at $3,737, Ethereum (ETH) targets the barrier at $4,093. For the journey to $5,000 to accelerate, this level must be reclaimed as support with weekly closings above it.
Binance Coin (BNB)
After much anticipation, BNB reached its ATH level. For months, we have been writing about how eager BNB Coin bulls are for a new all-time high. The resistance level of $635 was surpassed on the third attempt, and now the price is at the $700 mark. Now, the BNB Coin price is setting the highest price of all time.
In November, the exchange, which reached an agreement with the US, did not experience a major bank run and continued to grow its reserves. Network activity increased exponentially, encouraging investors to accumulate more BNB Coin.
