A popular analyst has forecasted a significant price increase for AMB Coin, supported by technical formations. Today, we will discuss the recent chart analyses for Bitcoin (BTC) and TAO Coin. With Bitcoin exceeding $65,000, there is potential for surprising surges in altcoins.
AMB Coin Price Target
An analyst known as Mikybull shared his bullish prediction for AMB Coin on September 19, and the price subsequently rose. The analyst believes the chart supports further increases. As double-digit rising altcoins attract the attention of waiting traders, Mikybull stated: 'Low market cap altcoin AMB Coin, listed on Binance exchange, has the potential to increase by 500% in the upcoming altcoin bull market.' He also noted that AMB Coin contributes to the DeFi ecosystem, having amassed nearly one million TVL upon launching Astar DEX and introducing Harbour Liquid staking.
TAO Coin Chart Analysis
TAO Coin, one of the trending altcoins recently, was discussed today by Altcoin Sherpa. Many analysts have heralded its rapid ascent, suggesting it may now be time to pause. According to the analyst, investors should exercise caution when considering new entries. 'When contemplating entries, check some EMA levels over the 4h fib 0.382+. For instance, monitor the $475 area for TAO.' He indicated that he is not making a definitive purchase suggestion but would consider this area for entry.
Bitcoin Situation
The leading cryptocurrency has surpassed $65,000 after over a month. Lark Davis stated in today’s market analysis that the journey towards $74,000 has begun, citing two key reasons: Bitcoin is experiencing a W breakout, and the global liquidity index and M2 indicate upward momentum for BTC. 'Bitcoin’s W breakout coincides with the 200-day SMA. The target is approximately $74,000, aligning with previous highs. Historically, M2 and the global liquidity index signal significant movements for Bitcoin. Are you paying attention?' Analyst Phoenix also commented that the price holding above $65,000 is about to initiate a movement targeting $150,000.
The cryptocurrency market continues to demonstrate dynamism, with significant price increase predictions for AMB Coin and TAO Coin, as well as upward trends for Bitcoin. Investors and traders should stay informed about the latest analytical data and trends.
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