As this article is prepared, the Bitcoin 
$77,464 price stands at $66,400, having dipped to $66,105 during the day. This decline, occurring before the opening of U.S. markets, may deepen in the coming hours. What are the latest predictions from experts regarding this trend?
Bitcoin (BTC)
DonAlt, in a chart shared about an hour ago, mentioned that while bears might feel excitement and appetite from the decline, they may not achieve their goals. At the time of this writing, the support level of $66,000 is being maintained. So, after which level will the upward movement begin? An anonymous crypto analyst provides insights on this:
“The short-term timeframe is where bears are likely to struggle. If we can reclaim $67,000, I think we will gain significant upward momentum. Until then, the outlook appears grim. However, longer timeframes are good enough to somewhat overlook lower timeframes.”
Mikybull shared a reversed BTC chart, attempting to demonstrate how favorable the conditions look for bulls. Although the BTC price has been consolidating in a narrow range, it could be poised to move towards $78,000.
“This looks great for BTC.”
Volumes are still not at levels reminiscent of bull markets, and the significance of the upcoming U.S. elections is high. Setting aside predictions from platforms, real polls indicate a lead for Biden, suggesting he will largely maintain his stringent crypto policy.
ETHBTC Analysis
In today’s assessment, Poppe mentioned that exciting days in crypto could be experienced with the strengthening of ETH prices. A decline in DXY and interest rates may open the door to a major rally in risk markets.
“Ultimately, it is all about the reversal of DXY and interest rates. If this occurs, I am sure we will see rapid demand in the ETH ecosystem. Everything will fall into place once we exceed 0.04.”
