Bitcoin’s price rising above $66,000 and reaching new peaks can rapidly increase demand for altcoins. Today, we will discuss the latest predictions regarding the markets from four different cryptocurrency analysts. One analyst indicates that the time has come for UNI Coin, highlighting a critical level in the graph.
Bitcoin Predictions
With strong support from the U.S. markets, Friday has been favorable for BTC, resulting in bullish trends in cryptocurrencies. Many altcoins are continuing positively as Mister Crypto pointed out that after testing the $50,000 mark, BTC has begun to form higher lows. We have frequently seen this analyst’s assertions that “BTC will not return to $40,000.”
However, during that period, the sharp decline risk towards $40,000 had worried traders. In today’s commentary, the analyst addressed how investors anticipating prices at $30 and $20 were mistaken, analyzing the weekly outlook.
“I hope you weren’t waiting for $40,000 like everyone else.”
Ali Martinez highlighted the increase in global liquidity, indicating that Bitcoin 
$96,749 and other risky assets are benefiting from this growth. He stated, “Global liquidity has risen by $1.426 trillion this week, reaching $131.6 trillion. Bitcoin and other risky assets are gaining, but this liquidity increase may carry into October.”
An analyst with the pseudonym MustStopMurad wrote about the anticipated period for altcoins that managed to survive the challenging market conditions in 2023, instilling hope in altcoin traders.
UNI Coin Commentary
Uniswap has been one of the prominent cryptocurrencies battling the SEC this year, standing as a major player in the DeFi space. Despite legal pressure and general market negativity, UNI Coin has struggled to break through the declining resistance line since March. However, it has managed to escape this region for the first time in months due to the rise in BTC prices.
In bull markets, DeFi activities tend to increase, and more experienced traders are expected to be involved in cryptocurrencies compared to previous cycles; thus, this activity is anticipated to grow significantly. Moreover, issues like FTX have made DeFi transactions more attractive. Crypto Bullet shared the above graph, noting that the declining trend has been broken and a new phase targeting double-digit prices is set to begin.
