At the time of writing this article, the king of cryptocurrencies, Bitcoin, is trading above $37,200 and has surpassed the critical $36,000 level. The price increase in Bitcoin is exciting for altcoin investors. If the daily closing remains at current levels, investors could be even more delighted. So, what are the current price targets?
Bitcoin (BTC)
As of now, the price of Bitcoin is seeking new highs above $37,000, and the $37,700 level was tested just seconds ago. Amid increasing optimism for a spot BTC ETF in the US, the markets are coming alive. After staying below $36,000 for a long time, Bitcoin is once again attempting to surpass the $38,000 region. We mentioned a few days ago that these rapid surges should begin, and Bitcoin is rising as predicted.
The recent price increase in Bitcoin is attributed to the anticipation of approval for 12 different spot Bitcoin ETFs next week. According to Bloomberg ETF analysts James Seyffart and Eric Balchunas, the SEC could give bulk approvals by November 17. Moreover, Grayscale has announced that it has directly contacted the SEC for the conversion of GBTC into an ETF.
Solana (SOL) Price Target
During this period, the price of SOL Coin has experienced significant gains and is attempting to double its profits alongside the rise of Bitcoin. The altcoin’s price, which has increased by 10% daily, is currently at $47.6. In our previous analysis, we mentioned that breaking the resistance at $47.62 could target the price at $58, $77, and $102.
Currently, the price of SOL Coin is above a crucial price level that could be a turning point. The price, which has been steadily rising for the past 4 weeks, has reached levels it hasn’t seen since the week of May 23, 2022.
Chainlink (LINK) Coin Price Target
One of the altcoins that we mentioned could achieve impressive gains this month is LINK Coin. It has taken its rally, which started with the RWA excitement, to another level with the rise of Bitcoin. At the time of writing this article, it has reached a new yearly high of $15.75. The altcoin, which has reached its price in April 2022, could continue to rise.
If Bitcoin continues to stay strong, LINK Coin investors might establish a new peak between $18.2 and $28.5 with closures above $15.4.
