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Bitcoin Price Target: BTC Could Hit $70K This Weekend But Dogwifhat & INTL Could Surge 150%

Bitcoinist
by Bitcoinist
Last Updated: October 28, 2024 2:00 am
·
Posted in Altcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

As Bitcoin (BTC) flirts with the $70,000 mark, the crypto market is also buzzing with two potential breakout stars: Dogwifhat (WIF) and IntelMarkets (INTL). These underdog altcoins are catching investors’ attention with the possibility of major gains, with WIF and INTL poised for a potential 150% rally. Here’s a closer look at these trends..

Bitcoin (BTC) Nears $70K: Are We on the Verge of a New All-Time High

Currently trading at over $67,768 after recently reaching a three-month high close of $69,000, Bitcoin’s (BTC) price surge is still going strong. Santiment reports that within the past two weeks, the number of whale wallets containing 100 or more Bitcoin (BTC) has increased by almost 2%, resulting in the addition of 297 wallets.

This accumulation is consistent with a pattern that frequently follows market upswings, in which smaller investors sell out, and larger stakeholders increase their holdings. Mimicking this pattern, a little slowdown among retail traders who may be selling Bitcoin amid recent price fluctuations is seen.

The price of Bitcoin (BTC) has frequently increased when big investors expand their holdings and individual traders decrease their exposure. This is a sign of an impending explosive surge for Bitcoin (BTC)

Bitcoin price has jumped above the nearly adjacent $67,000 barrier and the 200-day moving average on its daily chart. This surge has raised the possibility that Bitcoin price may soon hit a new all-time high. With a current value of 67, the Relative Strength Index (RSI) indicates moderate buying pressure that has not yet reached overbought levels.

It is expected for Bitcoin (BTC) to continue its upward trajectory if it maintains its position above the $68,000 support level. A consistent increase above $69,045 could spur additional gains in the direction of the crucial psychological milestone of $70,000.

WIF’s Meteoric Rise – Could This Meme Coin See 150% Gains?

Dogwifhat (WIF) has become the third-largest meme coin, following Shiba Inu (SHIB) and Dogecoin (DOGE). Its quick rise is mostly owing to its meme appeal and buzzing Solana ecosystem. As the cryptocurrency market shows indications of a possible bull cycle, investors have taken notice of this memecoin.

Lately, Dogwifhat (WIF) has emerged as the best performer this October, up almost 30% in the past 30 days. Its trading volume also increased by 38.86% to $443.19 million, indicating increased activity and interest. With a 24-hour volume-to-market cap ratio of 0.6390, this volume increase is frequently seen as an indication of increasing liquidity.

Despite the Fear & Greed Index showing a score of 69, which indicates a “Greed” mood among market players, sentiment for Dogwifhat is now neutral. Analysts predict that if the present trend continues, Dogwifhat (WIF) price may breach the resistance levels of $2.908 and $4.436 and show over 150% gains.

From AI Bots to Dual Chains: What Sets IntelMarkets Apart?

IntelMarkets (INTL) is a newcomer to the crypto scene which has quickly cemented its position as a top player in the market. This is all due to its innovative offerings and massive profit potential. IntelMarkets is soon launching an AI-powered trading platform that will transform the way of trading for once and ever.

They are planning to do so by integrating AI at every level of trading and providing cutting-edge tools and features to power our trading experiences. These features and tools include a dual-chain trading system, up to 1000x leverage, over 100k tradeable assets, an omnichannel processing system, multichannel analysis, and their most amazing Rodeum AI-powered trading robots.

These trading robots are trained to read and analyze data from 1000 different sources to generate buying and selling signals which are guaranteed to be almost 99.99% accurate. Setting them further apart, these robots are trained to be self-learning. They tend to learn from your past mistakes and trading behavior, making each trade better than the last one.

IntelMarkets’ ongoing presale has made some serious buzz raising almost $1.6M in funding. It is currently in its presale phase 4 and rapidly selling. Each token costs only $0.03 at this stage making it a perfect entry point for you to join this transformative project.

Discover More About Intel Markets:
Presale: https://intelmarketspresale.com/
Buy Presale: https://buy.intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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