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Bitcoin (BTC) is getting ready to fly: The big rise is very close! Net inflows from spot ETFs and Trump's lead in the US presidential election have been a doping factor for Bitcoin (BTC). The increase in net inflows to spot ETFs and Trump's lead over Harris on Polymarket (a decentralized prediction platform) have sent Bitcoin soaring. BTC, which has been rising breathlessly since $60,000, continues to give confidence to the market and investors. The Fed's interest rate cut, the upcoming US presidential election and data from spot ETFs have been a driving force for BTC. Bitcoin, which has been priced below the falling channel since March 10, is gradually approaching a breakout. However, the falling channel structure has served as a formidable resistance in the past. If there is a re-emergence of selling pressure from this region (currently $68,000), the price may decline to $64,777 - $62,000 - $59,647 - $56,602 - $52,614 and $50,580, respectively. The $61,500-62,000 range will be decisive in the short/medium term. $BTC may be in a downtrend as long as it remains below this region. If Donald Trump outperforms Kamala Harris in the US presidential election polls or if the net inflow series in spot ETFs continues, the rise in $BTC can be expected to continue. In such a scenario, the $68,000 band will be tested first. Then, a movement towards $70,000 and $73,684 can be followed. If ATH is exceeded, the psychological resistance level of $80,000 can be targeted. Bitcoin spot ETFs saw a total net inflow of $371 million. BlackRock’s IBIT ETF attracted attention with an inflow of $289 million. Ethereum spot ETFs experienced a net outflow of $12.7 million. While Bitcoin is getting stronger every day, Ethereum’s weak outlook continues. According to decentralized prediction platform Polymarket, Donald Trump continues to widen the gap in the US presidential election. Trump has 58.1 percent of the vote in the polls. Kamala Harris, on the other hand, fell by 41.5 percent as of October 16. #CryptoDeNostradame #ParrotBambooCrypto

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Bitcoin (BTC) is pushing the top: 5 critical elements for the bull season! $BTC , which broke $ 65,000 with net inflows from spot ETFs, tested $ 66,900 in a short time. The leader of cryptocurrencies that move upwards with dominance naturally excited investors. Bitcoin's open position (OI) weighted continuous futures funding rate reached its highest level in months. The data in question shows that the current upward trend may continue in the short term. According to CoinGlass data, the current Bitcoin OI weighted funding rate is at 0.0136 percent. This level was seen on June 7, when Bitcoin briefly reached $ 71,950. Positive funding rates generally indicate bullish market sentiment. However, it should be interpreted with caution considering the volatility in cryptocurrencies. According to data from crypto data platform CryptoQuant, Bitcoin open interest (OI) across all exchanges reached an all-time high of $19.7 billion on Oct. 15. This signals more price action as more capital flows into the market. Bitcoin’s potential to reach new record highs is evidenced by on-chain data tracking the supply of $BTC on exchanges, according to data from CryptoQuant. This supply has fallen to a nearly five-year low. As of Oct. 15, centralized cryptocurrency exchanges held approximately $2.68 million worth of BTC. This represents a 20 percent drop from the all-time high of $3.37 million reached in July 2021. This comes amid a 55 percent year-to-date growth in Bitcoin’s price. According to data from SoSoValue Investors, U.S.-based spot Bitcoin ETFs have seen positive flows in four of the last seven trading days, indicating continued interest from institutional investors in these investment products. On Oct. 14, these investment products saw their highest net inflows since June 4, collecting more than $555.8 million. #CryptoDeNostradame #ParrotBambooCrypto

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“Bitcoin to break records before US elections” Standard Chartered Global Head of Digital Assets Research Geoff Kendrick made striking statements for the leading crypto Bitcoin. Bullish signals have begun to come for Bitcoin (BTC), which has gained approximately 10 percent since October 10. Approaching the $66,000 resistance with the purchasing power it received from the $60,000 support, BTC has opened the doors to a new upward cycle in the crypto market. Analysts have begun to express their views that the rise will continue. Geoff Kendrick, one of the executives of banking giant Standard Chartered, stated that BTC has gained strong momentum and could reach $73,800 before the US presidential elections. Geoff Kendrick claimed that the Bitcoin (BTC) price will continue to rise until the US elections. Kendrick cited the increasing probability of US presidential candidate Donald Trump winning as well as the money inflows in spot Bitcoin ETFs. Kendrick, one of the executives of Standard Chartered, stated that BTC will reach an all-time high (ATH) before the elections and touch approximately $73,800. The research expert stated that the BTC price will be shaped by the break in the US Treasury yield curve and positive interest in spot ETFs. Trump, who said that he would make Bitcoin a strategic reserve if he wins, also shaped bullish expectations. The following statements were included in the note published on Tuesday; “Combined factors for Bitcoin indicate that an increase towards the all-time high of $73,800 is likely.” Kendrick commented on the macroeconomic data triggered by the US CPI data that came above expectations. Observing that the data in question reflected positively on the crypto market, Kendrick drew attention to the increasing market volatility and potential interest rate cuts. The manager of the banking giant evaluated positively that Trump’s probability of winning exceeded 55 percent on the prediction platform Polymarket. #CryptoDeNostradame #ParrotBambooCrypto

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Good news for altcoin investors: Can ETH reach $6,000? Crypto analyst Ali Martinez stated in a new post he published on X that Ethereum ($ETH ) could reach $6,000. Crypto expert Ali Martinez attracted attention with his Ethereum analysis. Referring to the technical appearance on the ETH chart, Martinez thinks that $6,000 could be tested. The technical structure in question is the “Rising Channel” from technical analysis, which is a type of Parallel Channel. In the Parallel Channel, the asset consolidates between two parallel trend lines, and the upper level connects consecutive tops and lower bottoms. The two levels, as the name suggests, slope upwards in the ascending channel structure. Therefore, the ascending channel is formed only when the pair makes higher peaks and bottoms. The lower level of the ascending channel can support the price, while the upper level can act as resistance. If any of these levels are broken, the pair is likely to price in that direction. A breakout of the upper line in the channel could be a bullish sign, while a breakout of the lower line could lead to a sharp decline. Referring to the positive outlook in Ethereum, Martinez said: “Every bounce from the lower limit of the channel has historically led to an average price increase of 130 percent for ETH. If the ascending channel structure continues to work and does not fall below $2,300, we could see $6,000 in Ethereum.” Data from spot ETFs will be as important as Ethereum for the altcoin market. If net inflows to spot $ETH ETFs increase, the altcoin bull could become stronger. #CryptoDeNostradame #ParrotBambooCrypto

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“Shiba Inu (SHIB) is sending mixed signals” Shiba Inu (SHIB), which has difficulty accompanying the increases in the crypto market, remains uncertain with technical indicators. The leading crypto Bitcoin (BTC) has paved the way for altcoins by rising to the level of $ 66,000. Memecoins have been the altcoins that have performed best in positive market conditions. Many memecoins have risen to all-time highs. Especially NEIROETH, TURBO and POPCAT have achieved striking increases. SHIB, the second largest memecoin after Dogecoin, fell short of expectations. According to CoinGecko, the SHIB price has lost 0.9 percent in the last two weeks. AMBCrypto stated that uncertainty is putting pressure on SHIB. With Bitcoin (BTC) on the rise, activity was seen in the memecoin market. The total market value of memecoins reached $59.371 billion with an increase of nearly 5 percent in the last 24 hours. Among the top 20 memecoins by market value, Shiba (SHIB) had the worst price performance. Dogecoin (DOGE), which has a very high market value, increased by 7.4 percent in the last week, while SHIB was content with a 4.9 percent increase. TURBO was the most successful memecoin in the last week, while SHIB was the least successful. In addition, SHIB lost 0.9 percent in the last two weeks. According to AMBCrypto's analysis, SHIB has formed a bullish formation and is preparing for a major rally. Technical indicators show that the price will remain in the consolidation (accumulation) phase for a while, despite the recent increases. The analysis included the following statements; “SHIB is consolidating inside a symmetrical triangle, a technical formation where the price oscillates between narrowing resistance and support levels. The formation in question indicates a potential accumulation for a significant price movement. The analysis stated that investors continue to accumulate in anticipation of a major rally, and that the potential rise will begin with the breaking of the $0.00002954 level. #CryptoDeNostradame #ParrotBambooCrypto

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