Guruprasad Venkatesha
Guruprasad Venkatesha 2 minutes reading from Bitcoin

Bitcoin Price Outlook Outlook Glum

GM! BTC visited 20k before reclaiming 20700 mark which is very crucial for the momentum to stay positive. BTC maybe on its way towards 21200-21500. If it breaks it & first week of Nov is not so negative then expect rally to continue upto 22500! Crypto

ETH is the strongest & the most volatile of the large caps. It took support at 1480 & bounced back above 1540 resistance. Now it’s trading near 1600 levels. If it crosses 1690 then we will see 1850-2000. ETH has support at 1480-1350-1280. It’s fine above 1450 levels

altcoins will do well if BTC trades above 20k & ETH above the 1520 levels. We may some dump only if BTC crosses 22500 as money will move rapidly towards BTC else it’s going to be fine. We can bet both on BTC pairs as well as USDT pairs for now with strict SL! Crypto

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 is looking good & shorts are getting covered which is a good sign but for the rally to be sustainable, we will need a lot of good news, buying pressure & crypto specific corporate actions. We will have to see if this momentum will sustain in the Nov! Crypto

If the rally is sustained in the first week of November after absorbing of all those important days from the US, than we can expect good days continuing in November too. Historically Nov has never been a good month. Let’s see. Keep an eye on DOGE NFA!

This post is based on this twitter thread.

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