Ethereum

Bitcoin

Resistance

Reversal

Rise

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/10x-research-predicts-bitcoins-rise-following-key-resistance-level-break/" data-wpel-link="internal">10x Research Predicts Bitcoin’s Rise Following Key Resistance Level Break</a> 
10x Research indicates that Bitcoin’s tumultuous correction since March may be nearing its end, with the $65,000 level identified as a critical threshold. Crossing this level could significantly increase the likelihood of Bitcoin rallying back toward $70,000 and beyond. Furthermore, this development is anticipated to spark a robust rally across the <a href="https://en.coin-turk.com/how-to-buy-superrare-coin/" data-wpel-link="internal">altcoin</a> market. 
<h2 style="text-align: justify" id="strong-signal-for-bitcoin-s-trend-reversal-strong">Signal for Bitcoin’s Trend Reversal</h2> 
Bitcoin has been following a downward trend characterized by four lower peaks since March. However, according to 10x Research, breaking the $65,000 level could serve as a strong indicator that this downward trend is coming to an end. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-391647" src="https://coin-turk.com/wp-content/uploads/2024/09/Bitcoin-Altcoin.jpg" alt="" width="556" height="517"> 
The leading <a href="https://en.coin-turk.com/biden-supports-harris-in-presidential-race/" data-wpel-link="internal">cryptocurrency</a> entered an overbought territory after a brief surge at the beginning of September. Despite this, medium-term indicators show signs of recovery, suggesting that the downward trend may be ending and a potential upward movement might be beginning. 
Analysts predict that if BTC surpasses this critical level, it could reach new highs above $70,000, potentially hitting record levels in the fourth quarter. This price movement could be supported by an increased interest in risky, high-return assets. 
<h2 style="text-align: justify" id="strong-strong-rally-expectations-for-altcoins-strong">Strong Rally Expectations for Altcoins</h2> 
Alongside Bitcoin, <a href="https://en.coin-turk.com/ethereum-option-trading-volume-surpasses-20-billion/" data-wpel-link="internal">altcoins</a> also appear ready for a strong rally in the fourth quarter. 10x Research anticipates that altcoins with high beta values can significantly benefit from the upward trend supported by Bitcoin. Low-market-cap altcoins like TAO, ENA, SEI, APT, SUI, NEAR, and GRT are particularly attracting investor interest, with potential for substantial gains in a decentralized finance rally. 
Ethereum exhibits a similar technical outlook, showing noteworthy recovery signals in medium-term indicators. Although fundamental dynamics remain weak, the recovery signals in technical indicators suggest that Ethereum may also experience a significant price increase. However, analysts do not expect Ethereum to surpass its historical peaks, while acknowledging the possibility of a strong upward movement. 
The post <a href="https://en.coin-turk.com/10x-research-predicts-bitcoins-rise-following-key-resistance-level-break/" data-wpel-link="internal">10x Research Predicts Bitcoin’s Rise Following Key Resistance Level Break</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

10x Research Predicts Bitcoin’s Rise Following Key Resistance Level Break

Table of Contents

COINTURK NEWS

Other articles published on Sep 25, 2024

Top 3 Reasons Why Bitcoin Is Poised To Rise In An ‘Uptober’ Rally

MEMEBET Token Fires Up Crypto Casino Space With Meme Coin Bets – Unveils $10,000 Airdrop Giveaway

Circle and Sony Block Solutions Labs Partner to Boost USDC Adoption on Soneium

Qubetics’ Gasless Transactions and Staking Rewards Take the Spotlight-Presale Launching Soon

Dogecoin Founder Says He Will Never Make Any (Meme) Crypto Again

Investor Executes Major Bitcoin Options Trade on Deribit

Join our free newsletter for daily crypto updates!