Bitcoin (BTC) closed the past month with a total surge of 12%, continuing its positive trend from October. It’s now forming an ascending triangle pattern, with a crucial upper boundary at $38,000.
Captain Faibik projects a potential breakout in the altcoin market, which can lead to a market cap of $800 billion. The Ethereum (ETH) price trades in a clear consolidation trend on the weekly time frame between $1,933 and $2,141 barriers.
The daily chart shows a sweep of previous highs, and now, the crypto needs to see further growth. Pullix (PLX) can experience a massive upswing as-well, especially as it provides various improvements in the Web3 space and can completely change the TradFi space.
Bitcoin (BTC) Can See a Major Upswing to $43,027.52
Bitcoin (BTC) could soon see a major upswing as it broke past the $38,000 resistance point. Diving into the details from Captain Faibik, a respected analyst among Web3 circles, there is an intriguing story in the current market uptrend for this crypto.
Bitcoin is forming an ascending triangle pattern, with a crucial upper boundary at the aforementioned price level. The analysis hinges on whether Bitcoin closes above this level in the upcoming rally, and if it gets another 10%, it can initiate a bullish rally soon. According to the current Bitcoin price prediction, the crypto can end the year at $43,027.52.
Ethereum (ETH) Fails to Move Above $2,200 – Can It Rise Above Before Q4 Ends?
Ethereum (ETH) has been in a multi-month consolidation trend, which has produced an ascending triangle setup; while the technical formation is bullish, it is only after a successful breakout. So far, the Ethereum crypto has not produced any discernible breakouts, just failed attempts.
As a result, the ascending triangle setup contains equal highs and higher lows, connected through trend lines. A breakout above $2,000 was first essential and a sign of a bullish move. The Ethereum price is above that point, but it has not managed to break above $2,200 yet. With an upswing of 62% in the past year, things do look bullish, and according to the Ethereum price prediction, it can spike as high as $2,309.67 by the end of 2023.
Pullix (PLX) to Enable Secure and Encrypted Transactions With Instant Availability
Bitcoin still needs to break above $40,000, and Ethereum has not surged significantly away from the $2,000 range, resulting in many traders looking for diversification opportunities.
Pullix is a community-backed exchange that will offer instant accessibility coupled with secure and encrypted transactions. Investors can access real-time community engagement, and loyalty incentives will greet ecosystem participants. This can ensure economic stability and future possibilities. All major financial markets are available 24/7, including cryptocurrencies. The tokenomics of the PLX crypto are crafted to promote utility and encourage trader engagement. A token burn mechanism can also ensure price stability alongside access to multi-asset staking.
Investors can also use crypto as collateral to trade OTC derivatives up as high as 1000:1 in terms of leverage. During the early presale period, the token trades at $0.04 but can spike 37x based on the latest projections from analysts.
For more information regarding Pullix’s presale see links below:
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
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