Bitcoin hovers around $68,000 as US election uncertainty mounts, but a bullish breakout hints at a potential surge to $100,000.
Markets news
Analysts expect Bitcoin’s price consolidation to end soon, paving the way for a “huge move” upward.
Bitcoin is dropping bullish hints left and right as the “Uptober” monthly close, US Presidential Election and Fed interest rate decision draw near.
Bitcoin’s bounce back to $68,000 raises the chance of a rally in SOL, DOGE, RUNE and BGB.
Ethereum is now testing a key support level that last helped it rebound by over 160%. Multiple factors support this bullish fractal.
Bitcoin rapidly rids itself of record open interest but concerns remain over the short-term BTC price trend.
Microsoft’s upcoming vote on whether or not to build a Bitcoin position is just another sign of corporations’ and institutional investors’ growing interest in BTC.
Bitcoin’s path to $70,000 hinges on lower interest rates, the US election outcome, boosted BTC miner profits, and strong spot ETF demand.
Spot Bitcoin ETF demand soars to a six-month high, but BTC futures contract volumes “remain somewhat subdued” and could be a reason why the price is constrained.
Ethereum could be preparing to bounce from a demand zone at $2,500, as fresh activity in ETH derivatives markets catches traders’ attention.