United

Bitcoin

Rekt

<p style="text-align: justify">The price of <strong><a href="https://coin-turk.com/bitcoinde-btc-uzman-gorusu-dort-farkli-senaryo-olasi" data-wpel-link="internal"></a><a href="https://en.coin-turk.com/countdown-for-the-bull-run-new-btc-price-model-predicts-a-mid-cycle-slump/" data-wpel-link="internal">Bitcoin</a></strong> is experiencing a decrease due to the conflict between Israel and Hamas. Following the pressure caused by the atmosphere of concern, the price dropped below $27,000. There has been a 2.2% decrease in the last 24 hours, and as of writing on Thursday, the Bitcoin price is trading at $26,600.</p> 
<h2 style="text-align: justify" id="bitcoin-price-prediction">Bitcoin Price Prediction</h2> 
<p style="text-align: justify">Bitcoin had a great upward movement last week and reached above $28,000. Although it has retraced slightly, it managed to stay above $27,000. Everyone closely following the crypto world was expecting this price support to push the <a href="https://en.coin-turk.com/bitcoins-btc-recent-situation-whale-transfers-4000-btc-in-a-single-transaction/" data-wpel-link="internal">BTC</a> price to $30,000. However, due to the fear of a stagnation environment that could occur in the United States due to the conflict between Israel and Hamas, a completely different atmosphere has emerged.</p> 
<p style="text-align: justify">Despite a possible recession in the US, there is still a possibility of an upward movement in Bitcoin. Investors may want to use Bitcoin as a hedge against traditional assets like the US dollar, which can create the necessary driving force for a price increase.</p> 
<p style="text-align: justify">Meanwhile, the famous blockchain company <strong>Santiment</strong> drew attention to active addresses related to <strong><a href="https://coin-turk.com/tcmbden-onemli-dolar-talimati-kripto-paralar-da-bundan-etkilenecek-mi" data-wpel-link="internal"></a><a href="https://en.coin-turk.com/tether-the-issuer-of-usdt-announces-15-of-net-profit-will-be-used-to-buy-bitcoin/" data-wpel-link="internal">Tether</a></strong> (<a href="https://coin-turk.com/tether-2023te-sifira-indirecegiz-kripto-rahat-nefes-alacak" data-wpel-link="internal">USDT</a>), which is considered the largest stablecoin in terms of market value. Santiment, after conducting an investigation, shared that there has been an increase in exchange deposits among wallets with balances between 1 million and 10 million USDT. The increase in USDT amounts may indicate that investors who want to buy BTC are accumulating early.</p> 
<p style="text-align: justify"><img decoding="async" class="aligncenter size-full wp-image-265515" src="https://coin-turk.com/wp-content/uploads/2023/10/bitcoin-santiment.jpg" alt="" width="496" height="506"></p> 
<h2 style="text-align: justify" id="will-bitcoin-price-drop">Will Bitcoin Price Drop?</h2> 
<p style="text-align: justify">The structure seen in the Relative Strength Index (RSI) supports the downward trend. It is also possible for Bitcoin to test the $26,000 support. These movements in the market may bring a larger sale that could lead to $23,500.</p> 
<p style="text-align: justify">Some prominent analysts in the market, like <strong>Rekt Capital</strong>, believe that the Bitcoin price has not reached its lowest point before the halving expected in 2024. In the latest technical update shared by Rekt Capital, it is mentioned that liquidity in the range of $22,000 to $20,000 could recover before a potential bull run in BTC. A sudden price movement above $27,000 could help end the downward trend and increase the likelihood of the expected move above $30,000.</p> 
<p style="text-align: justify"><img decoding="async" class="aligncenter size-full wp-image-265513" src="https://coin-turk.com/wp-content/uploads/2023/10/bitcoin-rekt-1.jpg" alt="" width="440" height="532"></p> 
<p style="text-align: justify"><img decoding="async" class="size-full wp-image-265514 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/10/bitcoin-rekt-2.jpg" alt="" width="441" height="567"></p> 
<div class="sorumluluk_reddi" style="text-align: justify">
 <strong>Disclaimer:</strong> The information provided in this article does not constitute investment advice. Investors should be aware that cryptocurrencies are highly volatile and carry risks, and should conduct their own research before making any transactions.
</div> Continue Reading: <a href="https://en.coin-turk.com/bitcoin-price-decreases-as-a-result-of-the-conflict-between-israel-and-hamas/" data-wpel-link="internal">https://en.coin-turk.com/bitcoin-price-decreases-as-a-result-of-the-conflict-between-israel-and-hamas/</a>

Bitcoin Price Decreases as a Result of the Conflict Between Israel and Hamas

Table of Contents

COINTURK NEWS

Other articles published on Oct 11, 2023

Bitstamp’s departure from Canada is ‘timing issue,’ says CEO

Friend.tech updates its security following SIM-swap assaults.

Crypto Analyst Names Six Disregarded Altcoins That May Be About to See a Price Increase

Binance CEO CZ Faces Brazilian Prosecution Over Congressional Grilling!

Circle partners with Coins.ph over Philippines expansion

Proponents of cryptocurrency comment on the next US House Speaker’s race

Join our free newsletter for daily crypto updates!