$BTC Bitcoin indecision could lead investors to SUI, APT, TAO and WIF
Bitcoin looks like it will continue to be stuck in a range, but SUI, APT, TAO and WIF could rise in the coming days.
Bitcoin BTC tickers down €57,298 rebounded sharply from the drop below $60,000 during the week, but buyers are struggling to hold onto higher levels. Buying on dips and selling on rallies signals the formation of a narrow range in the short term.
One small silver lining is that lower levels are showing solid demand. After three days of outflows, US Bitcoin exchange-traded funds (ETFs) witnessed $253.6 million in inflows on Oct. 11.
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Bitcoin and altcoins rallied strongly on October 11, indicating solid buying at lower levels.
However, analysts are divided on the next directional move for Bitcoin. During a panel discussion at the Permissionless conference, 10T Holdings founder Dan Tapiero said that Bitcoin was headed to “$100,000 relatively soon.”
In contrast, analyst Cole Garner said in a post on X that Bitcoin could capitulate as liquidity is tightening in the short term. He expects Bitcoin to fall below $50,000.