Guruprasad Venkatesha
Guruprasad Venkatesha 2 minutes reading from Bitcoin

Bitcoin Cash Price Outlook Above $19200 Positive

GM! BTC is looking stable above 19200 at the moment but still facing resistance at 19700. There is a CME gap at 19160 so we may fill it soon & then go higher towards 20k or we might how down towards 18500 after filling the CME gap. crypto

ETH is looking very good on the other hand as it touched 1370 yesterday. Any close above 1420 can pump ETH towards 1480-1520 levels. For now it’s ranging between 1260-1380. Volatility of ETH is currently higher than that of btc which is good for Altcoins

altcoins are stable & making some good moves since eth pumped a bit & btc showed promise of positive movement towards 20k. If btc dumps back to 18500 levels then we will see weakness in the altcoins also. They will do good as long as btc remains stable above 19k

I won’t change my bag for the next 2-3 years. So it remains the same. BICO DOT MANA MATIC LRC THETA BIT OCEAN CAKE FTT BNB BCUBE RARI NEAR MOVR GALA are my best bets for the next bull cycle in 2024! Crypto cryptotrading 1000x 100xgem Cryptocurrency

Summary: BTC will remain +ve this week but next week as we head into November, some correction can be expected due to many news that won’t be so positive. Oil prices will go up further as the supply cuts, wars are not stopping, inflation is just starting to skyrocket!

We might see civil unrest which can only add fuel to fire. So I don’t see any reason for a rally. Target is still intact for btc

between 13k-15k. We will come there some day. For now DCA good coins & trade with strict SL.

This post is based on this twitter thread.


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