Bitcoin has potential support on the curve, where the price is currently at 108333.
In my opinion, it will reach at least the
cup and handle target on the weekly chart by the end of the year. I don’t expect it to go over 150k this year, and I don’t really believe in 140k+ either.
The peak will probably come by mid-October. This doesn’t necessarily mean a peak for altcoins, at least not for all of them.
Cryptocurrencies can also fall due to the fall in stocks, which are now very overvalued compared to the real economy, see Buffett indicator.
Now on Thursday and Friday, important economic news will come, so we can expect at least a minor drop.
If the drop does not occur for this reason, it may be due to the US attack on Afghanistan. Be careful.
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