Bitcoin could see a significant breakout of $99,500 or $92,000.
Although Fartcoin has recovered from $0.8, Altcoin Sherpa predicts that the price may fall. Bitcoin is currently trading at $96,300. As the last week of the year approaches, BTC has fallen to $94,646 in the last 24 hours. This long-term decline has been a demoralizing situation for investors. The larger losses in altcoins also do not paint a very promising picture for the end of the year. So, what are the experts' predictions about Bitcoin and Fartcoin prices?
Bitcoin (BTC)$BTC
BTC could not break the $ 100,000 barrier by maintaining the $ 94,300 level. Due to the holiday period, buyers had weakened and the ETF channel found support yesterday. However, the cessation of net outflows in ETFs after the decline was not enough to restore market morale. The BTC price is expected to break $ 98,500 and support this level, providing an opportunity for altcoins to recover their losses.
Many experts have recommended that investors stay on the sidelines and watch the markets during the holiday period. During such periods, there is no excitement in favor of the bulls in the markets unless there is serious news flow. Bitcoin is trading at $94,358.4, with no major changes recently.
It is stated that Bitcoin should be closely monitored for the possibility of reaching $99,500 or $92,000. It is difficult to decide to trade before reaching those levels. Experts plan to evaluate this as an opportunity if there is a breakout at these levels. Some analysts predict that if $102,000 is exceeded, the BTC price could rise to $110,000 or even $120,000.
Fartcoin (FARTCOIN) Predictions
Fartcoin, one of the popular altcoins recently, has offered investors rapid gains with two major increases. Investors who bought at the bottom levels made satisfactory profits. Currently, the Fartcoin price has entered the buy zone again and has started to recover.
Altcoin Sherpa states that there have been significant opportunities in Fartcoin in recent days. He made his last purchase at $ 0.8 and stated that he plans to make his final purchases at $ 0.65. However, Fartcoin tested back $ 1 and presented a good selling opportunity in the bearish market. Sherpa states that he continues to monitor Fartcoin on the daily chart and that there may be a slight pullback before the price reverses. Nevertheless, considering the possibility of being wrong, he states that he can make additions at current levels and continues to monitor the situation.