The Bitcoin
$77,138
price continues to reach new heights, with altcoins experiencing significant gains this week. However, BTC has not yet approached the anticipated cycle peak. What are the expectations for November? Historical data supports this week’s substantial rise. Let’s review the latest assessments from experts.
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Google Trends and Cryptocurrency
Bitcoin and LINK Coin
Google Trends and Cryptocurrency
Cryptocurrencies tend to surge alongside increases in Google searches. This trend reflects the influx of new investors into the markets. If Google searches are rising, it indicates more liquidity, more investors, and consequently, more upward momentum for cryptocurrencies. In his recent evaluation, Miles Deutscher shared trend data, stating:
This indicator suggests that your barber or local grocery store hasn’t fully discussed cryptocurrencies yet. When everyone begins to talk about it and Google trend data peaks, it will be time to consider taking profits. Currently, the necessary conditions for selling do not seem to have been met, at least based on historical data.
Bitcoin and LINK Coin
Michael Poppe, in his most recent market analysis published an hour ago, stated the current target for LINK Coin price. Successfully completing an upward breakout at its current level, LINK Coin could surge by 37% to reach $17.83 in the coming days, provided there are consistent closings above $13.22.
The analyst known as The Moon noted that Bitcoin has formed a rising triangle pattern. The target is $81,000, and at the time of sharing this chart, Bitcoin’s price was already over a thousand dollars higher. Furthermore, the breakout level at $77,000 has been tested.
As this article was being prepared, the Bitcoin price stood at $76,854. Its ongoing stagnation near the resistance point suggests a potential increase of 5.38% in the coming hours.
The former CEO of Binance, CZ, tweeted during the preparation of this article that “(this) is just the beginning,” expressing his confidence that more growth is on the way.
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Disclaimer:
The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.