BTC TOP 3
BITCOIN RETESTING, ALTCOINS EXPLODING
It’s Altcoin Season!
Coins after coin has been making headlines these days!
After making a new all-time high at $68,601, Bitcoin consolidates and even retests $66k level. And altcoins are having a party!
Today’s Top Gainers are:
This definitely confirms Altcoins’ time to shine: AltSeason. But before we think this will be the best crypto year ever, Scott Melker said in his vlog, “2022 is going to be insane!”
How ready are your coins for the massive altcoin season coming in the next couple of weeks/months?
ALTCOINS READY FOR BREAKOUT
According to Crypto Michael, these coins are patiently waiting for their turn:
LTC/USDT – showing a beautiful breakout, making higher lows and higher highs, but we might be getting a corrective move soon. It’s better to take profits soon, or if you’re looking for positions, wait until we get a corrective motion
XLM/USDT – currently consolidating beneath resistance point, $0.4.
ONT/USDT – facing crucial breakout point, around $1.15, if it breaks, we might have a run of +45% ($1.7) (edited)
Do you hold these coins?
BULLISH CRYPTO NEWS
Many have been waiting for big tech news adopting or going into crypto, but until recently, they’re only just rumors.
This time around, we’ve got a confirmation from Apple! CEO Tim Cook has just admitted he owns some cryptocurrency”.
Of course he does. No longer surprised by these statements. Doing otherwise is irresponsible. https://t.co/ADrauy1E0L— Will Clemente (@WClementeIII) November 9, 2021
Also, the Former Citigroup CEO predicts all of the world’s major banks will start trading in crypto in “one to three years.”
Then, here comes Discord teasing us with an upcoming crypto integration: Discord CEO hints at Ethereum Compatibility!
All these news should have convinced us by now that a 3-digit BTC is very possible this cycle. Ben, also known as Bitboy Crypto, believes $100k as the cycle top to happen sometime around December 21.
But Raoul Pal believes in the lengthening cycle theory. He says January, traditionally, is the month where institutions start pouring money in. So if Bitcoin goes down around $50k-$60k after the pump in December, that could be the jump point for institutions to get more exposure. He strongly believes Bitcoin is going to $238k.
But just a quick friendly reminder from Analyst Crypto Michael:
Remember: (1) Buying retests is the safest option. (2) There’s always correction taking place in the markets. And (3) nothing goes up in a straight line so always take profits if you are trading crypto,-Crypto Michael van de Poppe
ABOUT THE AUTHOR
Elisa is our Head of Market Analysis at Rocket Crypto X
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