This Expert Predicted Bitcoin’s Record-Breaking Price – Now He Forecasts a 3500% Pump for Cardano and an Unexpected Altcoin by End of 2024

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An analyst famed for accurately predicting Bitcoin’s meteoric rise has made a stunning new proclamation. He foresees Cardano soaring by 3500%, accompanied by a surprising surge in an unexpected altcoin by the close of 2024. This bold forecast is capturing the attention of investors eager to uncover the next massive opportunity in the cryptocurrency market.

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Bitcoin Nears Resistance at $73,500 Amid Overbought Signals

Bitcoin’s price is currently trading between $64,322 and $71,170, approaching the nearest resistance level around $73,568. Technical indicators show mixed signals: the Relative Strength Index is at 63.05, nearing overbought territory, while the Stochastic oscillator is high at 89.12, suggesting possible price consolidation or pullback. The MACD level remains positive at 153.87, indicating bullish momentum. Over the past month, Bitcoin has gained 6.68%, showing steady growth. If the price breaks above the resistance, it could target the second resistance level near $80,415, which would be an approximate 13% increase from current levels. However, failure to break resistance might lead to a dip towards the support level at $59,872.

Cardano (ADA) Nears Support Levels Amid Potential Reversal Signals

Cardano (ADA) is currently trading between $0.346 and $0.377, close to its support level at $0.327. The coin has experienced declines over the past week (-2.272%) and month (-5.494%). Technical indicators suggest it may be oversold: the Relative Strength Index (RSI) is below 40, and the Stochastic indicator is under 30. The Simple Moving Average (SMA) over 10 days is slightly below the current price at $0.345. If ADA holds above the support level, it could rebound toward the nearest resistance at $0.389, representing a potential increase of around 8%. However, a drop below support might lead to the price testing lower levels.

Conclusion

While established cryptocurrencies like Bitcoin (BTC) and Cardano (ADA) continue to influence the market, their short-term potential seems limited compared to emerging platforms. CYBRO, an advanced DeFi platform, offers investors exceptional opportunities to enhance their earnings through AI-powered yield aggregation on the Blast blockchain. With features such as attractive staking rewards, exclusive airdrops, and cashback on purchases, CYBRO provides a user-friendly experience with seamless deposits and withdrawals. Its emphasis on transparency, compliance, and quality sets it apart as a promising project attracting significant interest from major investors and influencers.

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Discord: https://discord.gg/xFMGDQPhrB

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Source: https://finbold.com/this-expert-predicted-bitcoins-record-breaking-price-now-he-forecasts-a-3500-pump-for-cardano-and-an-unexpected-altcoin-by-end-of-2024/