CandleFocus Analyst Predicts BTC Heading for All-Time High This Quarter
2024-10-14
Author: Content Editor
In this news content, a cryptocurrency analyst predicts that Bitcoin will reach an all-time high of $73,794 this quarter. The analyst points to various indicators suggesting a momentum build-up in the crypto market. Despite falling short of expectations in October, Bitcoin has maintained a bullish outlook and is currently trading at $64,103, with a 30% recovery from its March all-time high. The analyst advises traders to use pullbacks as opportunities to buy. The Dollar Currency Index (DXY) indicator shows a bearish setup, potentially indicating an upward rally for the crypto market. The analyst also highlights the bullish momentum in the Avalanche ecosystem, citing the success of the gaming protocol and the recent 20% price rally of AVAX.
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