Bitcoin (BTC) is currently priced at $69,630, failing to close above $71,500. Various factors hinder cryptocurrencies from breaking out of their narrow range. Following more than two quarters of fluctuations, traders have significantly lost their risk appetite. What are experts predicting for LINK, ALGO, and TIA Coin?
Predictions for LINK, ALGO, and TIA Coin
An analyst known as Leevis mentioned on October 30 that TIA Coin could drop to $4.48. Testing the demand zone at that time seemed unlikely due to Bitcoin’s pursuit of a new all-time high. However, as Bitcoin failed to reach a new peak, a decline ensued, making the analyst’s prediction of testing the demand zone plausible.
In a potential rebound, levels of $4.94 and $5.25 could be tested. An analyst known as Altcoin Sherpa predicts a 3-5x cycle gain for many cryptocurrencies, including LINK and ALGO.
“Currently, for shitcoins, the market average is likely around 3-5x on the lower end and 5-10x on upper-end prices.”
“Therefore, if you buy almost anything now, I expect it to increase by 3-5x.”
The individual sharing the LINK Coin analysis targets levels of $22.59 and $40.85, indicating a potential profit of 2-3.5x. As seen in the ALGO Coin chart, targets are set at $0.219 and $0.342.
Bitcoin Forecast
Cryptocurrency analyst Jelle has also focused on Bitcoin (BTC) 
$76,042. The analyst is not overly pessimistic regarding the current outlook for a new all-time high. He notes that the breakout level is being tested, suggesting that the trend remains upward.
“Bitcoin is still hovering just below its all-time high, now retesting the breakout area – the trend continues to rise. It’s only a matter of time.”
According to the analyst, the BTC price should not dip lower than its current level. If proven correct, Bitcoin (BTC) may soon test $80,000.
At the time of writing, BTC is trading at $69,740.
