Bitcoin (BTC) 
$78,084 has soared to $123,864, coming within a thousand dollars of reaching its all-time high. This upward momentum is encouraging for altcoins, affecting the overall market graphs. Should BTC surpass its ATH level, it would be an unsurprising event for October. What insights does the cryptocurrency oracle provide on this?
Bitcoin at ATH Level
BTC, which peaked at an all-time high price of $124,474, has now edged up to $123,900. In the absence of strong profit-taking, it is expected that the price will break past the ATH region, setting new records within a few hours. The ETF inflow remains robust, and as we approach the daily close, no adverse developments have been observed against cryptocurrencies.
Additionally, following Putin’s moves yesterday, Trump has not yet made any alarming statements or announced sanctions, as some feared. BNB is targeting $1,300 and has already surpassed $1,150, SOL is standing at $235, and DOGE continues to close above $0.255. The general sentiment for altcoins has turned positive.
As BTC reaches its ATH, liquidity is expected to shift towards altcoins. Although there have been significant increases in certain altcoins, the overall desired gains haven’t been achieved. Perhaps investors need to be sure about the possibility of another unsuccessful attempt.
Predictions from the Cryptocurrency Oracle
Roman Trading had forecasted earlier this week that BTC could reach $124,000 if the trend holds. This prediction was made when BTC was at much lower levels, and it has proven accurate. The analyst also suggested that after BTC tests $108,000 on September 25, a reversal would begin, highlighting the importance of maintaining the support at the $98,000 uptrend level.
Today, the analyst shared the following graph and commented:
“BTC 1D target reached. I have completely predicted this movement, originating from the bull waves at the $108k level. I will close my long positions remaining from $109k, $112k, and now $118k. This was not a long-term game but merely capturing a reasonable upward movement.”
The analyst argues that due to deterioration in the monthly chart, the risk of a decline still outweighs the reward potential. While optimistic about altcoins, if BTC fails after its current attempt and turns downwards, it could lead to substantial losses in altcoins, proving the analyst right once more. Time will reveal whether this prediction holds.
