On September 19, the leading cryptocurrency, Bitcoin 
$88,394, achieved a noteworthy milestone, climbing back to $63,850. The favorable interest rate decision positively impacted risk markets, sparking optimism. As the stock market opened, Coinbase and MSTR witnessed a 6% increase, signifying potential gains in the hours ahead. Altcoins also saw profits exceeding 5%. Analysts shared updated BTC forecasts, particularly focusing on BNB, SEI, and ETH.
Bitcoin (BTC)
Today, we will examine the latest evaluations from four different cryptocurrency analysts, starting with Moustache. The first interest rate cut in four years commenced with the most significant margin since 2007. The analyst believes that the cryptocurrency market will gain momentum for two reasons: the earlier mentioned factors and the emergence of a golden cross on the chart for the first time in history.
“BTC is witnessing a golden cross for the first time between SMA100/SMA200 (W). Additionally, the Fed has lowered interest rates for the first time in four years. Prepare yourselves for legendary months.”
BNB Coin Graphic Commentary
In bull markets, cryptocurrencies supported by major exchanges are expected to grow faster. BNB Coin continued this trend, becoming the first altcoin to reach its all-time high according to market capitalization. Following BTC, it reached a new record high this year. BNB Coin started the day with a 5% increase, trading at $568, while analyst Carl targets $635.
“Binance‘s native token #BNB is breaking out of this descending wedge! The first possible target is $635.”
The analyst mentions that after surpassing this key resistance level, movements towards $740 and beyond may follow. As the year’s all-time high was triggered by a close above the $635 resistance, this level is crucial for bulls, especially with the end of the month approaching.
SEI Coin Graphic Commentary
The Gem Miner spotlighted the lesser-known altcoin, SEI Coin. Last week, it shared an optimistic outlook, foreseeing a rise. For those willing to take risks, SEI Coin rewarded them generously, showing double-digit growth. Investors who assessed the dips can anticipate further increases as long as the $0.338 breakout area is maintained.
ETH Commentary
At the time of writing, Ether, the largest altcoin by market cap, was trading at $2,466, up 6% for the day. Michael Poppe has returned to an optimistic stance. He believes that the interest rate cut will increase interest in DeFi, thereby driving demand for ETH. The analyst thinks that the primary benefit of ETF channel entries will become evident in the new process, supporting his belief that Ether will reclaim levels above 0.051 BTC against BTC.
