Bitcoin prices continue to climb, with altcoins showing significant gains this week. However, Bitcoin has not yet reached the anticipated cycle peak. Let's explore the expectations for November and expert evaluations.
Google Trends and Impact on Cryptocurrencies
Cryptocurrencies often surge alongside increased Google search queries. This trend indicates a flow of new investors into the markets. More searches suggest more liquidity and potential upward price movements. As noted by Miles Deutscher, the current situation is a preparation phase for those already investing.
Bitcoin and LINK Coin Market
Michael Poppe's analysis highlighted LINK Coin's potential to reach $17.83 with consistent closings above $13.22. Bitcoin has formed a rising triangle pattern with a target of $81,000. As of writing, the price stood at $76,854.
Experts' Comments
Former Binance CEO CZ is confident in further growth, stating 'this is just the beginning,' expressing optimism about future prospects.
Bitcoin and other cryptocurrencies show a strong upward trend. Interest and investment are expected to continue increasing, potentially driving prices higher.
