Will BTC go directly to $100,000?
If it breaks through this position, ETH will go directly to $4,000
Today's market fluctuated greatly, and Bitcoin rose by 5.89% in just one day.
Ethereum also saw a strong rebound, and many currencies performed well.
Meme coins represented by Dogecoin, especially those related to Musk, such as Content Coin, also performed well.
According to Musk's recent remarks and actions, he strongly supports Trump and has been promoting the development of cryptocurrencies, which may continue to bring momentum to the market in the future.
On the technical side, we see that Bitcoin shows a strong bull market structure at the weekly level. It is currently at a critical position on the upper edge of the bull market, and the months-long consolidation has allowed the market to accumulate enough energy.
Once Bitcoin breaks through $67,500, the bull market pattern will be clearer, and it is even expected to hit $70,000.
Future expectations for Bitcoin and Ethereum
If Bitcoin successfully breaks through, it will be Ethereum's performance time next.
Although Ethereum has been relatively weak recently, it is likely to rebound to $4,000 as Bitcoin breaks through. In addition, the Ethereum Developer Conference will be held in Bangkok, Thailand from November 12 to 15, when the progress of Ethereum's upgrade may become an important factor in driving its price increase.
Other popular currencies and election factors
As the probability of Trump's election increases (according to Polymarket, his approval rating has exceeded Harris's at 54.8%), the market is full of expectations for currencies related to him. Musk's continued support and the revolutionary technology projects behind him have also attracted a lot of attention in the crypto market. Once Trump is elected, the market may usher in a stronger bull market.
In addition to Trump-related currencies, another small currency worth paying attention to is People. No matter who is elected, the technical side of this currency shows a multi-bottom pattern and is about to usher in an opportunity to explode.
If you want to seize this round of bull market, it is definitely too late to learn and sell now, and it is best to have someone to take you to get started quickly.
I am Qishen, welcome to communicate!
