The price of BTC hovers around $62,000 while altcoins experience a classic low-volume weekend. Cryptocurrency traders have been anticipating an end to the prolonged dull markets as we enter the final quarter of the year. Historical data suggests that this period should mark the end of the slump. What are the latest predictions from market experts?
Bitcoin Price Forecasts
Crypto Tony leads the forecast, stating that BTC will continue to fluctuate within a triangle until it reclaims $65,000. The analyst predicts a bumpy roadmap down to $55,000 and seems uncertain about an imminent end to the dull days. Given that BTC continues to close below $65,000, his outlook may be validated.
“$BTC / $USD – Update
My plan for the next few months. Reclaiming $65,000 invalidates this for me.”
Faibik, on the other hand, expects a rally towards the $68,000 resistance level in the coming days.
“Nothing has changed for BTC, but I’m still bullish and expect a move to the $68,000 resistance next week. A breakout from the widening wedge could lead to a significant upward rally.”
Future of Bitcoin and Altcoins
Mikybull recently noted that the leading cryptocurrency is approaching a potential breakout before a significant upward move. The predicted target is $95,000. However, given that Bitcoin 
$90,508 has yet to maintain levels above $65,000, this prediction appears ambitious under current conditions.
Markets can often experience surprising rapid recoveries after prolonged dull periods. Unlike previous cycles, the additional demand from the ETF channel suggests this cycle may be more parabolic. Additionally, the unresolved issue of how futures volume impacts spot prices continues to be a significant challenge.
BTC looks very bullish on the macro chart. The breakout seems imminent based on the chart analysis. The minimum target is projected at $95,000.
For altcoins, the same analyst commented on the expected bullish scenario:
“Nothing has changed for the upcoming #Altseason. It is currently retesting the breakout channel.”
