#DeFiChallenge #ftx "Riding the Waves: Cryptocurrency Price Projections for Bitcoin, Chain-link, and VeChain"
Anticipated Price Targets for Bitcoin (BTC), Chain-link (LINK), and VeChain (VET) Following a Recent Decline: Seizing Opportunity Amidst the backdrop of a volatile global economy, the Federal Reserve faces a significant challenge with the looming "US$33 trillion debt crisis." Throughout history, in times of such uncertainty, gold has traditionally been the preferred safe haven. However, Bitcoin (BTC) is now emerging as a contemporary sanctuary, offering the promise of remarkable returns. Bitcoin (BTC): There is palpable excitement in the cryptocurrency sphere surrounding the impending surge of this digital currency, particularly after the eagerly awaited halving event. At present, its value oscillates between $25,428 and $27,999, with investors eagerly anticipating the next substantial upswing. A 10-day moving average is currently around $27,719, slightly below the 100-day moving average, which stands at $28,004. These values, combined with support levels at $21,318 and $23,888, serve as pivotal reference points for traders. Should (BTC) successfully breach the upcoming resistance at $29,029, it may pave the way for further gains. $31,600 appears to be a viable scenario. Nevertheless, any hindrances could prompt (BTC) to retrace to its present foundation or even descend towards the support level at $23,888.
Chain-link (LINK): While Chain-link (LINK) reached a peak of $52 in May 2021, the current valuation of the coin fluctuates between $6,525 and $9,064. A 10-day moving average, currently situated at $7,548, closely follows the 100-day moving average, which is set at $6,877, indicating a period of consolidation. If (LINK) successfully surmounts the resistance at $9,939, it may open the door to a potential rise towards $12,478. Conversely, facing an obstacle could push (LINK) towards the lower support levels at $4,861.
