"The crypto market is uncertain, you know, so don't remember what kind of price we want to follow."
Ted Talks Macro, a well-known cryptocurrency trader and podcaster revealed several factors that could push the prices of digital assets including Bitcoin (BTC) to climb high in the coming months.
However, Macro believes that the maintenance of higher interest rates by the Federal Reserve (Fed) could lead to uncertainty and questions about whether BTC will be able to survive or not if the crypto market sees different momentum.
However, Rekt Capital believes BTC could reach back to $29,200 in October 2023 after its price managed to see a 10% increase in October 2019.
However, please note that the $25,000 level is BTC's strong support zone while the most difficult resistance zone to penetrate is $29,500 followed by $30,000 which has been touched many times.
It was reported that one of the leading crypto analysts also shared his opinion, where he said BTC will continue to move flat until the price still fails to overcome its main resistance zone at $25,000 to $26,000.
If you pay attention, the price of BTC throughout this year has not been able to climb higher than $30,000 and September 2023 is the worst month for this digital asset, which is currently still hovering at $26,500.
As of this writing, the price of BTC has fallen by 0.04% to $26,246 in the last 24 hours with a market capital of $511 billion and has recorded a decline of 3.75% over the past week.
