Bitcoin

<p style="text-align: justify;"><strong><a href="https://en.coin-turk.com/matrixport-predicts-bitcoin-to-soar-to-125000-by-the-end-of-2024/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a></strong> (<strong><a href="https://en.coin-turk.com/over-100-million-btc-transfers-in-hours-whats-happening-in-bitcoin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a></strong>), seems to be extending its visit below $30,000. The <strong>BTC price</strong> continues to decline without slowing down after dropping below $30,000 in recent days, currently hovering around $29,800. The 1.4% decrease in BTC over the past 7 days has certainly painted the cryptocurrency sector red. Analysts seem quite confident that this decline will continue.</p> 
<p style="text-align: justify;"><img decoding="async" class="aligncenter size-full wp-image-239374" src="https://coin-turk.com/wp-content/uploads/2023/07/Ekran-Resmi-2023-07-23-14.30.12.png" alt="" width="900" height="550"></p> 
<p style="text-align: justify;">Famous cryptocurrency analyst <a href="https://en.coin-turk.com/senior-analyst-cryptocurrencies-will-fall-here-because-of-cme/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Crypto</a> Chase stated yesterday that the decline is not over for BTC.</p> 
<h2 style="text-align: justify;" id="everyone-expects-a-decline-for-btc">Everyone Expects a Decline for BTC</h2> 
<p style="text-align: justify;">Chase stated that BTC will continue to decline due to the double-top formation. In addition, popular analyst Crypto Tony emphasized a sharp warning, predicting a drop to between $25,000 and $20,000.</p> 
<p style="text-align: justify;"><img decoding="async" class="aligncenter size-full wp-image-239377" src="https://coin-turk.com/wp-content/uploads/2023/07/Ekran-Resmi-2023-07-23-14.34.43.png" alt="" width="914" height="454"></p> 
<p style="text-align: justify;">Nebraskan Gooner, a well-known figure in the market, pointed to $19,000 for BTC. In fact, a sharp drop in price was expected before the halving of the block reward, and such sharp declines could be seen before 2024. The $20,000 level, one of the most critical supports of recent times, could be the desired level. Thus, the famous analyst Nebraskan, who expects a drop to $19,000 below $20,000, could actually have a high degree of accuracy.</p> 
<h2 style="text-align: justify;" id="btc-target-19-000">BTC Target: $19,000</h2> 
<p style="text-align: justify;">Another popular cryptocurrency analyst, Toni Ghinea, stated that it’s the “make it or break it” time. There are expectations for BTC next week ranging from $31,000 to $32,000 or $29,000. The analyst stated the following:</p> 
<blockquote> 
 <p>“I think the breakout is near. If there is no explosion in the coming days, we could see $27,000, followed by $19,000 and $23,000.”</p> 
</blockquote> 
<p style="text-align: justify;">$27,000 is a critical support for the BTC price, and as mentioned by the analyst, the most important support below that is the $20,000 level. The comments of analysts focusing on this decline should definitely be taken into consideration. BTC could experience a sharp drop to $19,000 following all of these expectations and go through a period of correction. This could also have a negative impact on altcoins and lead to a general decline in the industry.</p> 
<h5>The post <a href="https://en.coin-turk.com/famous-analysts-warn-about-bitcoin-btc-price-will-retract-to-this-level/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Famous Analysts Warn About Bitcoin (BTC): Price Will Retract to This Level!</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS.</a></h5>

Famous Analysts Warn About Bitcoin (BTC): Price Will Retract to This Level!

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