For over two quarters, Bitcoin’s price has stagnated within a narrow range, causing fluctuations. This situation has significantly impacted altcoins due to a gradually declining risk appetite, with some even falling below last year’s low levels. What are the current predictions from experts in the field?
Bitcoin Price Commentary
In the last 24 hours, the leading cryptocurrency surged to $68,424, pushing altcoins into the green. Bitcoin 
$98,804, which has made several attempts around the $67,000 mark, has returned to levels it has not reached in 78 days. Mister Crypto noted in today’s analysis that the 230-day consolidation phase may be coming to an end.
The analyst who shared the above graph believes that after a prolonged consolidation, an upward movement might commence. Noting similar past movements, the anonymous analyst hopes this will trigger another parabolic rise.
Another prominent crypto analyst, Jelle, pointed out the bounce from the 200-day EMA in the BTC chart he shared. We last saw this occurrence when BTC rose from around $29,000 to $73,777. If history repeats itself, BTC could commence another all-time high movement.
AMB Coin Commentary
Today, Marco Johanning provided an evaluation specifically on AMB Coin. This altcoin has some fanatical celebrity supporters, including Marco. Most supporters argue that AMB Coin has not reached its potential levels and that its market capitalization remains significantly weaker compared to its rivals.
“The ecosystem and transactions are growing!
In one month, +18% in AirDAO daily transactions
Two new tokens launched in September
Three new tokens will be launched in the fourth quarter
With a market cap of 22 million, it’s the lowest market cap and lowest range on Binance.”
