The important point is to pay attention. Yes, the election is over, do not jump right in and reduce the value of your assets just because the markets will rise.
Be patient and see the bottom prices. We have a long way to go, it is impossible to miss the rally.
Just look at the chart and interpret the future of BTC. You don't need to be an expert for this.
The flag formation, which is clearly seen in the Weekly and Monthly charts, says that there will be a Bitcoin price above 100k in the next one or two years.
Bitcoin has been performing well in recent days. But no one has reported it as news. Because the media attention is not on BTC yet. When it reaches 100k-150k, the media will pay attention.
Whatever you invest in, allocate a portion of your investment budget to BTC.
Bitcoin has been on a good run in recent days, but this rally has been followed by a decline due to uncertainty ahead of the US elections.
What are the new scenarios now?
I think uncertainty will continue on election day and the days following. Every event's ending creates new uncertainty. Markets will want to see what happens for a while.
Bitcoin may pause between 68k and 65k during this process.
After this pause, everyone is expecting a big rise, maybe 100k.
The bad news is we have to wait a little longer.
I think there will be a decline for Bitcoin in November and an increase towards the end of the year. First, other coins need to get a little stronger.
The Road to $74,000 and Beyond - A Technical and Market Analysis"
Technical Analysis
Support and Resistance Levels:
Key support level is around $59,000, with resistance levels at $71,000 and $74,000.
Trend:
Since 2021, #Bitcoin has been moving within a parallel channel, rising from the $15,000 level. It is currently testing the upper boundary of this channel.
Future Predictions:
-FED Interest Rate Cycles:
FED interest rate cycles from 2016-2024 may impact Bitcoin's price movements. Rate cut cycles generally have a positive effect on Bitcoin.
Long-Term Outlook:
Bitcoin is expected to surpass the $74,000 level in the long term. If it closes daily above this level, it has the potential to reach higher levels.
Please note that this analysis is not financial advice. Cryptocurrency markets are highly volatile and risky. It's important to do your own research and be cautious.
#IOTX started its climb to the top after the bottom price of 0.01250. ATH may come after reaching the price of 0.100. I expect it to reach $0.35-0.40 in the medium term.
In the weekly chart review of Ethereum, we see that it is moving solidly towards its peak price. I expect the trend to continue and rise to between 9-10 thousand dollars after reaching the peak price in the medium term. If Etherium reaches these prices, arbitrum and others will also be positively affected by this rise.
Bitcoin has progressed in a horizontal line over the years. It completed two hills with the rally that started in 2020. He then rested for about a year. And now I expect it to reach 125 thousand dollars with the bowl formation that will be completed.
#MTL continues its horizontal wing on the weekly price chart. The peak price points to $10. According to the expected bowl formation, the price is expected to reach $10 first and then $20.
It broke above resistance and did not want to correct. The right thing to do now is to be in the right position. If we have closed, we will reopen and continue to stay in trend. Bitcoin will remain positive as long as it does not fall below 62000 again.
We will stay inside until this trend goes. Of course, there will be a correction at a level above, we will talk about that separately.
The first target is around 73000. The 62000-73000 range is a risky area and there will be volatility here, big fluctuations may occur, so we will look at the bigger picture. It is difficult to analyze this field in small periods.
Bitcoin is just a few thousand dollars away from its high of $69,000. The adoption of Bitcoin ETF has put serious pressure on the supply-demand balance. We are just at the beginning of the road. Bitcoin halving and possible interest rate cuts by the FED in April-May will trigger the Bitcoin price to go higher.