Bitcoin $57,013.95Since its emergence, it has been seen to be constantly rising in its wide-ranging review. Although there are volatile price movements in small time frames, it is also known that the process hosted an increase of up to $ 73,750. Although the price view is currently showing itself in the market close to $ 20,000 away from the level accepted as ATH, analysts seemed to have some things to say about the return.
Analysts Comment on Bitcoin
When the calendar showed the year 2020, a pandemic crisis occurred and Covid affected the entire world economy. The year 2020 also stood out as the third halving for Bitcoin, after which miners’ incomes were halved. Later, in the last period of the year and especially in 2021, the market moved to the peak of that period and BTC rose to the level of $ 69,500 in November of the same year. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
One of the market analysts on the subject said, AO’s It was seen that there was a similarity between the price movement experienced in 2020 and the process experienced so far in 2024.
AO stated that it was time for bulls, that the formation was similar to that seen during the Covid period, and pointed to $ 160,000.
After that another analyst of the market Yoddha did not refrain from making bullish comments and made a consolidation-centered statement. The analyst’s statement was as follows:
The longer the consolidation lasts, the bigger the rally.
The analyst later shared another chart and pointed out the potential target of the price, stating that the peak was still not the current level and added:
#Bitcoin is not making a peak here! That’s not what a peak is, my friend.
The continuation of the rise is coming soon.
When we look at the comments of both analysts, it seems that they are targeting Bitcoin above $100,000. So what is happening in Bitcoin right now?
How Many Dollars Is One Bitcoin?
After the announcement of JOLTS yesterday evening, BTC, which was seen to rise to $ 58,500, was later reflected in the charts that it retreated. As of writing time, BTC is seen to be at $ 57,000 after a 1% increase in the last 24 hours.
Following this price movement, it was seen that BTC’s market volume increased to $ 1.27 trillion, while contrary to the price movement, the transaction volume decreased to $ 31.6 billion after a 2.75% decrease, as reflected in the charts.
In the future Fed Depending on the interest rate decision to be announced by the Bank and the US elections, there may be major fluctuations in the Bitcoin price.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
