Despite the typical weekend drop in trading volumes, Bitcoin (BTC) 
$91,081 remains at considerably high levels compared to previous weeks. After 80 days of stagnation, the cryptocurrency market has begun to witness significant bullish movements with large green candles appearing recently. What are the current predictions for ARB, BTC, and ETH?
Arbitrum (ARB)
Crypto Tony highlighted in today’s market analysis that bulls need to reclaim 0.65 dollars for ARB Coin. If this level is reclaimed, a breakout above the key resistance point that has been tested three times may initiate movement toward targets above 1 dollar. In a scenario where Bitcoin begins to close above 70,000 dollars, this will be the potential breakout point for those looking to capitalize on ARB Coin’s upward movement.
Bitcoin and Ethereum (ETH)
BTC is hovering above 68,000 dollars and attempted to reach 68,772 dollars today but could not surpass it. On Friday, it briefly visited 69,000 dollars. Calm days are expected ahead, with no significant macro data flow and only about two weeks left until the U.S. elections.
Jibon, an analyst, noted that BTC could reach 70,049 dollars next week following the recent support bounce. Months ago, after the last test, BTC pulled back to 49,988 dollars. Given the current conditions, optimism for the upcoming months is prevalent, which may allow BTC to maintain levels above 70,000 dollars this time.
Titan of Crypto expects a strong rally in Ether due to a reverse symmetrical triangle formation. According to the analyst, 3,200 dollars could be the first stop for ETH. The analyst confirms this potential breakout with an RSI indication.
Feyronn is also among those anticipating a rise for altcoin king, with a target of 2,996 dollars. To achieve this, maintaining support at 2,624 dollars is essential. As this article is being prepared, ETH continues to hover around the 2,700 dollar range.
Typically, Mondays bring declines for cryptocurrency traders. However, exceptions have arisen in recent breakouts during this period. If BTC can realize its bullish expectations for the last quarter, such movements may occur in the coming hours.
Of course, surprises are always possible in crypto. Therefore, it is crucial for traders to conduct their own research and recognize the risks associated with their strategies.
