Analysts expect Bitcoin’s price consolidation to end soon, paving the way for a “huge move” upward.
Markets news
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.
Bulls aim to knock out Bitcoin’s all-time high before the US elections wrap up. Will altcoins follow?