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Analyst's surprising Bitcoin (BTC) comment: The target is too high! The famous crypto expert made his followers happy with his Bitcoin ($BTC ) price target. #Bitcoin (BTC) tested $ 58,000 again. However, the fact that it has not yet closed above this level makes analysts nervous. While many crypto investors expect a price drop in Bitcoin, some believe that the bottom has already been seen. Doctor Profit believes that Bitcoin (BTC) is currently in a sideways movement. He believes that this sideways movement will occur between $ 53,000 and $ 64,000. The famous analyst emphasizes the importance of this range and thinks that a breakout will be important in determining the direction Doctor Profit believes that when the sideways movement ends, the Bitcoin price will make a new ATH between $ 87,000 and $ 88,000. According to the analyst, if BTC reaches this price range, a super bull cycle may begin. Crypto expert Doctor Profit has been predicting a supercycle for this ongoing bull cycle since the end of last year. He believes that this cycle will take Bitcoin prices to extraordinary heights. Doctor Profit continued to share three bullish peak targets for the supercycle, with other cycle peak targets for #BTC being $111,000 and $220,000. While the majority of investors do not think that Bitcoin will exceed $200,000 this year, they do think that it will reach $100,000. The Fed rate cuts and the US presidential election in particular support these predictions.

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As Harris strengthens, risk aversion has begun in the crypto market. Crypto analysts have suggested that the US presidential debate, which fell short of expectations, has encouraged risk aversion. As preparations for the US presidential election continue at full speed, #DonaldTrump and #KamalaHarris have faced off for the first time. While crypto was not included in the debate held the other day, Harris' increasing potential votes drew attention. The decline in the crypto market began with the completion of the debate. The Harris-Trump match, which fell short of expectations, accelerated the outflow of money from risky assets. Hours after the debate, US markets also opened negatively. Crypto analysts commented on what has been happening in the crypto market in the last two days. Crypto analysts stated that the crypto decline after the US presidential debate was a "buy the expectation, sell the news" strategy. Traders expected any candidate to speak about crypto in last night's debate. Analysts, who stated that the sales increased due to the failure to meet expectations, said that Trump's performance against Harris was also seen as inadequate. “The US presidential debate was a news selling event compared to Trump's previous debate against Biden. People are agreeing that the debate was a loss for Trump.” Speaking to The Block, analysts stated that Trump, who lost power against Harris, has openly supported crypto. Analysts said: “Given the recent news about the DeFi project and his campaign promises to remove Gary Gensler, the chairman of the US Securities Exchange Commission (SEC), Trump's interest in crypto is now clear.” BRN analyst Valentin Fournier argued that Harris is closer to an election victory and that these developments will pressure the crypto market, especially Bitcoin.

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Bitcoin (BTC) whale activity down: What does it indicate? Blockchain analytics firm Santiment says the decline in Bitcoin whale activity may not negatively impact the price. Santiment noted that Bitcoin’s weekly trading volume of $100,000 or more has fallen by 33.6 percent since March 13 (the day it reached its all-time high). #Ethereum experienced an even more significant 72.5 percent drop during the same period. The analytics firm emphasized that this is not necessarily a bearish sign, and that whales with at least 10,000 $BTC in their wallets can be equally active in both bullish and bearish markets. According to the Crypto Fear and Greed Index, the general sentiment in the cryptocurrency market remains at the “fear” level. The index currently has a score of 31 out of a possible 100 points. Investors often view fear in the market as a buying opportunity. Bitcoin is trading at $58,360, down 0.97% since August 13, with some analysts believing that BTC will continue to decline further before reaching the cycle bottom. On August 7, Markus Thielen, Head of Research at 10x Research, said that Bitcoin should ideally test below $40,000 for “the next bull market entry.” Santiment said that if #Bitcoin were to fall to $45,000, it could trigger fear, uncertainty, and doubt (FUD), while if it climbs to around $70,000, it could trigger fear of missing out (FOMO). Meanwhile, cryptocurrency investors expect the current market volatility to be short-term. “During times of market turbulence, it’s easy to lose sight of the bigger picture,” Reflexical founder Ajeet Khurana explained in a September 11 post on X .

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💫Binance Labs announced that it has invested in OpenEden.

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The VeChain team is heading to TOKEN2049 Singapore 🇸🇬 ! Join us as we dive deep into the future of Web3, sharing insights and discussing opportunities with the global crypto community. From keynotes and panels to exclusive meetups with the VeFam, there's plenty to look forward to. 🗓️Check out our event calendar and make sure to catch us in action:

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