Crypto news: It hasn’t been a good week for the US Securities and Exchange Commission (SEC), who were challenged in how they interpret US securities laws. The agency also affirmed that it could not contact PulseChain founder Richard Heart to serve notice of its July enforcement.
This week, BeInCrypto’s technical analyst Valdrin Tahiri noted six bullish candlesticks for Bitcoin (BTC) in October. Advice from investors and traders points to notable crypto growth in the coming months, and we start with one of the most polarizing of them all: Jim Cramer, the host of CNBC’s Mad Money.
Cramer Goes Mad for Bitcoin
On Sunday, Cramer flipped bullish on Bitcoin after previously saying all the money that could be made in Bitcoin had been made. The move confounded investors, some of whom suggested adopting an anti-Cramer strategy.
But crypto experts cautioned that there was no reason to sell Bitcoin yet. BeInCrypto’s Ali Martinez predicted critical resistances at $38,440 and $47,360, while others see Bitcoin rising above $41,000. BTC has broken the first resistance level and is currently trading at $38,440.
Read more: How To Buy Bitcoin (BTC) and Everything You Need To Know
Raoul Pal Says Crypto Will Beat Tech
Prominent investor Raoul Pal agreed somewhat, believing crypto will beat tech stocks in 2024. He said this in a Twitter thread he posted on Monday.
“Using our GMI Financial Conditions Index, we can peer 11 months into the future, suggesting a strong year in 2024. This is where the growth assets of NDX and Crypto liv
Go to Source to See Full Article
Author: David Thomas