I have seen a significant increase… Bitcoin (BTC), while two alternative coins also showed notable moves. What can we expect from this, both in the short term and for my Bitcoin price? Let’s take a look at my detailed pricing analysis.
Bitcoin analysis
In my analysis, I see a recent surge in Bitcoin, where it has risen by up to 12% to levels between $57,000 and $58,000 in just 24 hours. This represents an impressive rise and I am looking at possible entry points and expectations for further increases, with an eye on a potential level of $60,000 or even higher.
I conduct an in-depth technical analysis Bitcoin rate on various time frames, including observations on trading volumes, liquidity levels and patterns such as bearish divergence. I see that despite some overbought signals, there is still room for further gains before a possible consolidation occurs.
Altcoin entry points?
In addition to my Bitcoin, I’m also looking at two others Cryptocurrencies, namely IOTA and EGLD. I view IOTA as an “old dinosaur” in the market, with limited potential for strong upside due to previous weak performance.
EGLD, on the other hand, I see as a possible candidate for a bullish breakout, with technical patterns pointing to a possible rise to $165 to $287 levels.
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