Bitcoin’s renewed push to $50,000 also raises Altcoin’s large and other small capital prices. In the last quarter of the year, many analysts expect Bitcoin to grow. PlanB, according to the developer of the stock return model, forecasts the worst-case scenario for Bitcoin in October at $63,000 and $98,000 for November.
TechDev, a Twitter commentator, suggests that the second phase of 2021 may begin. According to the trader, the top level of the Bitcoin cycle will be around $200,000. According to the CFRA, the leading investment strategist, the instability of the US stock market in October was 36% higher than the average for the remaining 11 months.
Will Bitcoin retain its historic advantage? Will the Altcoins join this? Let’s dive in and take a look at the latest analytics.
It is noteworthy that the value of Bitcoin on October 3 exceeded $48,000. Soon, the BTC/USDT pair may gain momentum to increase to $50,000 and later to $52,920. The advantage, if closed in favor of the bears, will be maintained below the 20-day EMA.
The bulls dropped averaging moving averages on October 1. Sellers are trying to pull the price below the 50-day SMA by $3,297. If that happens, the ETH/USDT pair could fall to $3,194 on the 20-day EMA. At the same time, the bulls may make another attempt to raise the price above $3500. If the price is maintained, the pair could rise to $4000.
Solana’s recovery reached 61.8% Fibonacci dong levels on October 3, at $177.80. If positive, the SOL/USDT pair could rise to the all-time high of $216. If the opposite happens and the price falls, it will indicate that traders will close their positions. Experts estimate that Solana will cost up to $116 if the price of the pair falls.
Dogecoin recovered to $0.22 on October 1. In case of a negative rate, the DOGE/USDT pair may fall to $0.15. If the opposite happens and keeps the price above the 100-day SMA, the team could fall into the downtrend line, still strongly resisting.
XRP rose to $ 1.01 on October 1. The price is currently in the tight range between the 20-day EMA and the 50-day SMA. Both are close to the midpoint, which means there is a balance between supply and demand.
This balance will benefit buyers if the price stays above the 50-day SMA. In the event of an optimistic scenario, the XRP / USDT pair could reach $1.41. Conversely, if the price falls, the value is estimated at $0.90.
The DOT broke the moving average on October 1. The October 3 DOT / USDT pair indicates the indecision of bulls and bears. Uncertainty was partially reduced on October 4. The bears are trying to lower the price below average. If they succeed, it means that the rate is downbeat, and traders are selling stocks. Suppose the price is removed from the moving average. In that case, the bull will try to lower the cost again and resist up to $38.77.
The BNB faced strong resistance. This indicates that buyers are retaining their positions as they expect to take a higher step. If buyers keep the price above $433, the BNB/USDT pair can take the momentum and rise to $518.90. If the opposite happens and the price falls, the pair could fall to the 20-day EMA. Closing and breaking the 20-day EMA could keep the team in the range for several days.
On October 4, the aggressive purchase of bulls broke the LUNA mark to a new record. If the price exceeds $45.01, it will be the beginning of a new growth trend. Analysts suggest the pair LUNA/USDT could rise to $50. If the opposite happens, the value could be reduced to $33.56.