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Following the opening of U.S. markets, Bitcoin (BTC) 
$103,556 approached the $64,500 mark but faced renewed selling pressure, preventing a breakout at this resistance level. Altcoin traders, exhibiting caution similar to previous pullbacks, executed short-term sales as SHIB dropped by 3% and DOGE entered the red. This prompts questions about the price targets for WIF and POPCAT, as well as when Bitcoin might reach $70,000.
Bitcoin (BTC) Forecast for October 7
Market experts present varied opinions that can be beneficial for traders. Their insights may clarify details we might overlook, assisting us in forming our strategies. ANBESSA noted the importance of the $60,200 rebound and highlighted the current potential for another rebound at $63,900. The analyst advised following macro updates closely and indicated his purchase at $52,000, anticipating further movements.
Donalt shared insights from a recent chart, warning about the risks associated with short-term trading. He expressed concerns over how panicked traders reacted during BTC’s decline and suggested that such behavior poses serious issues.
If BTC cannot close above $64,344, it may create new lows between $52,500 and $42,500, driven by significant negative market sentiment. Overall, these analysts do not appear optimistic about reaching $70,000 in the short term.
WIF and POPCAT Price Predictions
Altcoin Sherpa noted that there is no rush for acquiring WIF Coin at current levels, while highlighting a potential rise to $3.57. If BTC’s situation remains positive, convincing closures above $2.84 could lead to this target. In the event of a downturn, current support levels are set at $2.32 and $1.95. Some experts have indicated that a failure to test above $64,000 today could lead to a decline to $60,000, making support levels critical for WIF Coin.
The same analyst provided insights on Popcat Coin, suggesting a potential movement towards $2 followed by stagnation. He advised against purchasing most cat tokens at current levels, recommending waiting for a pullback if possible.
