Altcoins Set to Skyrocket When Bitcoin Hits $70,000
On Crypto Banter’s Dylan’s Trading Show, the analyst predicted Bitcoin's next target to be $70,000, particularly if positive developments arise from the BTC conference. He emphasized a super bullish outlook for Bitcoin, with critical levels to monitor and the potential to reach $70,000 if momentum persists and key events unfold favorably.Regarding the Solana ecosystem, the analyst highlighted tokens like Jupiter, Radium, Bonfida, and WIF, along with meme coins that often outperform during Solana’s rallies.
- Jupiter (JUP): Known for its strong performance and recent bullish trend, Jupiter is poised for significant moves. Key support levels are $0.96 and $0.99, with a potential target of $1.17.
- JTO: Following its recent relaunch and the new "reking" re-staking mechanism, JTO has shown substantial growth. The 50-day moving average provides crucial support, with a bullish outlook if it surpasses the 200-day moving average.
- WIF: This Solana meme coin displays bullish potential, with support at $2.25 and potential scalp zones at $2.44 and $2.52. Monitoring these levels can help traders profit from upward movements.
For other altcoins:
- AAVE: Recent bullish news and changes in their staking mechanism have driven AAVE’s price up. Key support is at $99.6, with upside targets of $105 and $111.
- Injective Protocol (INJ): Despite facing resistance, INJ has growth potential if Bitcoin moves towards $70,000. The analyst suggests looking for bullish pullbacks and balancing profit-taking with holding for further gains.
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