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The post Crypto Market Outlook: Here’s What Next For BTC, AVAX, INJ and LINK Price appeared first on Coinpedia Fintech News
Popular analyst Crypto Tony recently opened up about the historical performance of October in the cryptocurrency markets. According to Tony, 8 out of the last 10 Octobers have shown bullish tendencies, providing optimism for this month. As we are only four days into the month, Tony believes there is ample time for the market to witness a positive turnaround and end October on a green note.
Discussing Bitcoin, Tony stressed the importance of the $27,000 support level. He indicated that he intends to remain on Bitcoin as long as this level holds. However, he also said that he would consider shorting Bitcoin if it were to drop below this crucial support level or if it experiences a sharp rejection after attempting to rise, as indicated on his chart.
Tony said, “I love how in this space, we can go from seeing $BTC go to $100,000 one day and then $10,000 the next day Emotions are wild. Keep them under control, legends; this will be very important for the future bull run.”
AVAX, LINK, INJ and VRA
Tony also provided updates on various cryptocurrencies. He expressed interest in AVAX (Avalanche) and suggested that it might experience significant upward movement soon, noting that the setup appears favorable and offers a manageable level of risk.
Regarding Chainlink (LINK), Tony shared a macro update, mentioning a potential trading strategy if LINK fails to surpass the $8.90 range high.
Additionally, he discussed Injective Protocol (INJ), cautioning against getting carried away with price pumps and emphasizing the importance of maintaining a realistic perspective. Currently, he indicated that the market is mid-ranging, and he maintains a neutral stance without a specific short-term bias.
Talking about VRA, he wrote on X, “Volume still super good on VRA so I am not worried right now on a big drop, but will be looking to take some more profit 0.0078.”
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