Guruprasad Venkatesha
Guruprasad Venkatesha 2 minutes reading from Bitcoin

Bitcoin Price Rally Is Just Getting Started

GM! BTC still hovering around 21500 mark. It should break 21500-21700 range to go towards the next resistance at 22500. If btc manages to break & close above it then we can see much more upside movement in btc but watch out for mid-term elections on 8th Nov in the US

ETH is stable but staying well above its support at 1580 but to gain momentum ETH should cross 1720 to go towards 1750-1830. At this point it has good chance of going towards 2k. On the downside, ETH has strong support at 1580-1450-1280. We can expect 2k if btc pumps

altcoins continues to pump. All the previous good old coins are pumping along with the those newly listed. I expect this rally to go on for sometime. btc should remain above 20200 for this rally to last long. All my recommendations for long term have done excellent. 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 has good momentum although we can’t call it as reversal in trend yet. I don’t see it going past 25k as some are expecting it to happen soon. If we cross 22500 then I think the rally should max out around 23500-24600. Crypto

The current rally is driven by many different factors. Google is running Solana nodes being one of them. Next Tuesday the US is having mid-term elections which can bring huge volatility in the markets again. Also at the same time Crypto have become immune to economic datas!

We still need to watch the month of November closing as there are a lot of events that can impact the Crypto market. Next month there will be some profit booking ahead of holiday season. Until then we can see rally, especially in Altcoins

This post is based on this twitter thread.


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