Analysts Predict Bitcoin Will Hit $70K This Autum – Here's Altcoins Set to Follow BTC
Bitcoin’s value might soar to $70,000 this autumn, stirring excitement in the crypto world. The spotlight now shifts to several promising altcoins poised to ride Bitcoin’s coattails. Curious which digital currencies are set for a surge? Discover the insights from top analysts on the next big movers in the crypto market.
Bitcoin (BTC)
Bitcoin is poised for a significant move as it hovers around the high fifty-thousands, with bulls eyeing the key resistance of $64K. Despite some market hesitation, BTC has shown resilience, gaining 7.67% this week. If momentum picks up, the long-anticipated $70K mark could be within reach, offering a promising 14% upside. While some bearish signals linger, Bitcoin’s overall trend points towards a strong recovery, and investors are gearing up for its next big move.
Artificial Superintelligence Alliance (FET)
Artificial Superintelligence Alliance (FET) has been catching attention with a massive 79.79% surge over the past month. While it faces some short-term resistance, its current price action signals strong potential. If FET can break through $1.65, a rally towards $2 is possible, offering a solid 34% gain. With renewed interest in artificial intelligence technologies, FET is positioned to ride the wave of innovation and market optimism, making it a top contender among altcoins ready to benefit from Bitcoin’s climb.
Helium (HNT)
Helium is showing signs of resilience, despite recent market dips. The coin has held steady, gaining over 7% in the past six months, and its potential to break above the $9 resistance is strong. If bulls take control, HNT could surge toward $10.44, offering a potential 50% gain from its lower support levels. With its focus on decentralized wireless networks, Helium remains a solid bet for investors looking to capitalize on the next big crypto surge.
Ondo (ONDO)
Ondo is in a consolidation phase, but its stability hints at imminent growth. Currently trading just under the key resistance of $0.69, a breakout could see the coin climb nearly 20% to $0.76. ONDO’s recent weekly gain of over 6% signals that bulls are quietly accumulating, and with increased interest, this altcoin could experience a sharp upward move in tandem with Bitcoin’s rise.hints at upward potential. However, the relative strength index reads just above fifty, indicating balance between buyers and sellers. If momentum builds, Ondo could aim for the near-term resistance of sixty-nine cents, a climb of about eight percent from its current range. Despite recent stability, reaching the higher mark of seventy-six cents would mark a strong comeback, nearly twenty percent up.
MANTRA (OM)
MANTRA has shown impressive growth, more than doubling in value over the past six months. Though it has faced minor pullbacks recently, the coin’s upward momentum remains strong. If it can break through the $1.34 resistance, OM could rally towards $1.64, offering investors a potential 30% gain. With its focus on decentralized finance (DeFi) solutions, MANTRA is well-positioned to follow Bitcoin’s bullish trend, making it an exciting altcoin to watch.
Conclusion
Bitcoin is on track to reach $70,000 this autumn. Other coins likely to gain are FET, HNT, ONDO, and OM. These altcoins are expected to follow Bitcoin’s upward trend. The ongoing bull run of 2024 adds momentum to these predictions. Investors are keenly eyeing these potential opportunities. As Bitcoin rises, these altcoins are poised for significant growth.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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