💦💦Bitcoin's $60,000 risk 💦💦
Crypto analysts state that if the Bitcoin (BTC) price makes a daily close above $65,000, the rise will be confirmed, otherwise it may enter a downward trend. BTC, which has been on the rise after the US Federal Reserve's interest rate cut, has been showing a positive outlook recently and has gained approximately 10% since September 18. This increase has also increased the investment flow to altcoins.
Analysts state that these increases, which continue with FOMO (fear of missing out), have now reached a decision stage. It is emphasized that BTC may enter a risky process if the upward momentum is not confirmed. BTC, which has exceeded $65,000 since August 2 on September 26, has created different opinions among analysts. While some traders welcome this situation, others think that a possible correction is on the way.
Kraken analysts' market note states that the small-range doji candlesticks seen on the daily chart reflect the market's indecision. It is stated that a close above $ 65,000 will support the upward momentum and pave the way for higher levels. BTC's open interest has increased by 3.5% since September 20, reaching $ 35.61 billion.
Analysts predict that if BTC cannot hold on to $ 65,000, it could fall to $ 60,000. Investors should closely monitor price movements at this critical level. Crypto analyst Matthew Hyland argues that these increases are starting to change the downtrend and claims that a bullish cycle is starting. Rekt Capital also states that BTC is about to enter the "Parabolic Rising" phase.
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