Main page » Etherium news » Price analysis 11/1: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC
Etherium news

Price analysis 11/1: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC

Price analysis 11/1: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC


Bitcoin (BTC) saw a sharp increase of 28.5% in October, the second-highest monthly gain of the year, following January’s 40% rally. Investors are now wondering if this bullish momentum can continue and if Bitcoin will continue to recover.

According to Bernstein, Bitcoin could rally to $150,000 by 2025. The firm believes that the United States Securities and Exchange Commission will approve a Bitcoin exchange-traded fund (ETF) by Q1 2024, which could attract up to 10% of Bitcoin’s circulating supply.

While the long-term outlook for Bitcoin looks bullish, there may be increased volatility in the near term. On-chain monitoring resource Material Indicators suggests that the bullish momentum is weakening and may result in a retest of $33,000 before that, with an attempt at $36,000.

The article then goes on to analyze the charts of the top 10 cryptocurrencies, including Bitcoin, Ether, BNB, XRP, Solana, Cardano, Dogecoin, Toncoin, Chainlink, and Polygon, to determine their price movements and potential future trends.

Note: This article is for informational purposes only and does not constitute investment advice.