Ethereum

bullish

Carl

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-rebounds-to-66300-after-market-opening" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Rebounds to $66,300 After Market Opening</a><br></p>
<p style="text-align: justify">The price of <a href="https://en.bitcoinhaber.net/controversy-surrounds-secs-potential-rejection-of-spot-bitcoin-etfs" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> has climbed back to $66,300 following the opening of U.S. markets. At the time of writing, Bitcoin was priced at $65,600. If this trend continues without a significant drop, altcoins may experience a favorable surge. However, there’s increasing concern about Bitcoin’s potential decline to $53,000 if it fails to sustain its position above $65,000, which it has tested multiple times over the past six to seven months.</p>
<h2 style="text-align: justify" id="what-are-analysts-saying-about-bitcoin-s-upsurge">What Are Analysts Saying About Bitcoin’s Upsurge?</h2>
<p style="text-align: justify">Recent hours have seen Bitcoin’s price rise sharply. Analysts are eager to share their thoughts on this upward movement. Notably, Carl has suggested that a price point of $67,000 could trigger a significant rally. He anticipates that Ethereum may lead this surge, emphasizing that maintaining the key level is crucial for Bitcoin.</p>
<h2 style="text-align: justify" id="will-altcoins-benefit-from-bitcoin-s-rise">Will Altcoins Benefit From Bitcoin’s Rise?</h2>
<p style="text-align: justify">Many analysts believe that the positive movement in Bitcoin will also benefit altcoins. Crypto Rover pointed out that a bullish trend could be on the horizon, as indicated by the weekly MACD. He, along with other analysts, expects this upward trajectory to build momentum, differentiating it from previous short-lived surges.</p>
<ul>
 <li>Michael Poppe highlighted that the inflow of capital into crypto markets is increasing.</li>
 <li>Anticipation of billions in refunds from FTX is expected to boost altcoins significantly.</li>
 <li>Many altcoins are currently undervalued, opening the door for substantial returns.</li>
</ul>
<p style="text-align: justify">As the market continues to react positively, the outlook for Bitcoin and altcoins appears promising, with analysts eagerly monitoring developments and potential trading strategies.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/bitcoin-rebounds-to-66300-after-market-opening" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Rebounds to $66,300 After Market Opening</a></h5>

Bitcoin Rebounds to $66,300 After Market Opening

Table of Contents

BH NEWS

Other articles published on Oct 14, 2024

AE Coin Receives UAE Central Bank Approval for First Regulated Stablecoin

Solana Price Analysis: Can SOL Price Jump To $180 This Uptober?

Why Is This Crypto Set To Solve Major Issues Seen Within Binance & Uniswaps Business Structure

CBDCs vs Cryptos: Why India Is Betting Big on Digital Currency?

Bitcoin price hits $66K as analysis asks, ‘Has Uptober begun?’

Monochrome Set to Launch Australia’s First Spot Ethereum ETF on Cboe

Join our free newsletter for daily crypto updates!