Brothers, last night (September 27),
Bitcoin broke through $66,000.
Congratulations to Bitcoin for returning to $66,000
Whether it can stand firm remains to be seen!
However, current market indicators are still bullish overall, and analysts predict that Bitcoin is expected to continue to rise in the fourth quarter.
As of September 28, 2024, the Bitcoin (BTC) price is approximately $64,000 to $66,500.
The market is currently in a bullish phase with the key resistance level of $64,000 having been breached, which suggests that the upside is likely to continue in the short term with a target price range between $68,000 and $73,000.
Technical analysis shows that Bitcoin has formed a bullish "rounding bottom" pattern, indicating that investors have renewed strong buying interest.
Furthermore, if the price can sustain above $64,800, it could rise further; however, a break below $62,000 could trigger some bearish sentiment.
Judging from the weekly trend of Bitcoin, the K-line has been positive for three consecutive days, breaking through and stabilizing MA30 in one fell swoop. There is no more moving average pressure above, which completely opens up the room for growth. Its MACD has also begun to shrink and gradually turn upward. Once a golden cross is formed, Bitcoin will hit the 68,000 pressure level. If it can pull back to below 65,000 in the short term, it can be bought in batches.
Six altcoins with 20-50x growth potential
Best bets for the cryptocurrency bull run, here are six altcoins with huge growth potential that are expected to achieve 20 to 50 times gains by the end of the year, which has attracted widespread attention from the crypto community.
XRP
XRP is a digital currency supported by the XRP Ledger, designed to enable fast, low-cost, borderless transfers. It was developed by Jed McCaleb, Arthur Britto, and David Schwartz, with an initial issuance of 100 billion, of which 80 billion were donated to Ripple to promote its growth. XRP may play an important role in global digital payments and has growth potential based on historical bull market patterns.
Solana (SOL)
Solana is a blockchain platform known for its scalability, competing with Ethereum and Cardano. It supports decentralized applications and its native cryptocurrency SOL helps run the network. Solana's high-capacity network avoids the use of sharding or second-layer solutions, which may appeal to developers and investors.
Toncoin (TON)
Toncoin is the main cryptocurrency of The Open Network platform, originally built by Telegram and now led by the TON Foundation. It uses a proof-of-stake model to increase speed and security with low fees. The price prediction for 2025 ranges from $6.45 to $30.30, and by 2030, the price is estimated to rise to $16.06 to $26.04.
Cardano (ADA)
Cardano is an established company in the cryptocurrency space, known for its scientific approach to blockchain development and sustainability. Founded by Charles Hoskinson, it has become a leading smart contract platform. Recent upgrades such as the Vasil hard fork have enhanced its smart contract capabilities, further boosting the utility of ADA.
Binance Coin (BNB)
BNB plays an important role in the Binance ecosystem and was originally launched as a utility token. As Binance expands its service scope and the BSC ecosystem continues to develop, BNB's utility and demand are expected to increase. CZ (Changpeng Zhao) is about to return, which may lead to further gains in BNB and Binance-related assets.
These altcoins offer exciting prospects and opportunities, and are worth keeping an eye on for investors seeking high returns in the crypto market.
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