Ethereum

Bitcoin

<a href="https://en.coin-turk.com/revolut-stops-crypto-services-in-the-us-due-to-regulatory-pressure/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Crypto</a> analyst Credible Crypto, closely followed by crypto investors, stated that <a href="https://en.coin-turk.com/bitcoin-whales-accumulate-btc-as-buying-power-increases/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (<a href="https://en.coin-turk.com/bitcoin-buyers-finally-take-the-stage-hidden-clue-in-market-trading-ratio/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>) is ready for a rise after dropping below the $28,000 level. The analyst also issued a warning about the ETH/BTC trading pair.
<h2 style="text-align: justify" id="strong-analyst-answers-the-question-what-s-next-for-bitcoin-strong">Analyst Answers the Question “What’s Next for Bitcoin?”</h2>
Anonymous crypto analyst Credible Crypto expressed on his personal account on social media platform “X” that BTC is at a key support level and expects a reversal of the downward trend. In his comments about BTC, the analyst said:
<blockquote>
 Were you expecting a rise when the price was at its highest levels? Just as I mentioned a few days ago that I expected a short-term decline when the price was at its highest levels, now I’m saying it’s almost time to return to a bull market. Considering that the equal bottoms are around $27,100, selling at these levels could be risky. If the price is above $24,800 on a higher time frame, it means that a long-term uptrend may begin.
</blockquote>
<img decoding="async" class="aligncenter size-full wp-image-265634" src="https://coin-turk.com/wp-content/uploads/2023/10/Bitcoin-BTC-USDT-scaled.jpeg" alt="" width="2560" height="1338">
The analyst warned that Bitcoin may experience a quick pullback below the $27,000 level before moving upwards for its next bullish move:
<blockquote>
 With the mid-range test around $26,700, it is quite likely that the target will be at least $27,100. When looking at a broader perspective, you can see that there is liquidity under a lot of selling pressure after accumulating above. At the same time, open interest (OI) is peaking, indicating the levels that point to the last five local tops. We are at a point where the direction is quite clear. The main question is how much we will decline.
 In order for the bullish outlook on a higher time frame to remain intact, the price must not fall below $24,800. Currently, we are retesting the mid-range, and if the price stays above this range, we may hit the bottom sooner. Otherwise, a quick pullback below $26,000 can provide an excellent low-risk and high-reward entry opportunity.
</blockquote>
<img decoding="async" class="aligncenter size-full wp-image-265633" src="https://coin-turk.com/wp-content/uploads/2023/10/Bitcoin-Dolar-scaled.jpeg" alt="" width="2560" height="1338">
<h2 style="text-align: justify" id="strong-warning-of-further-decline-in-eth-btc-trading-pair-strong">Warning of Further Decline in ETH/BTC Trading Pair</h2>
The analyst also examined Ethereum against Bitcoin (ETH/BTC) and warned that it may further decline in the short term before the dominant downtrend turns into an uptrend:
<blockquote>
 Since I shared this post where I predicted a decrease of more than 50% for ETH/BTC, it has dropped about 30%. I know that many people see these levels as a bottom, but I think ETH/BTC will further decline before Bitcoin’s major upward movements occur.
 After this decline, there will be a significant melt-up. While waiting for Bitcoin to start its journey, I believe ETH and other altcoins will have the opportunity to enjoy a bigger journey. Don’t be afraid of this upcoming decline, consider it as an opportunity.
</blockquote>
<img decoding="async" class="size-full wp-image-265632" src="https://coin-turk.com/wp-content/uploads/2023/10/Bitcoin-Ethereum-ETH-BTC-Islem-scaled.jpeg" alt="" width="2560" height="1338"> Continue Reading: <a href="https://en.coin-turk.com/crypto-analyst-bitcoin-is-ready-for-a-bullish-move-after-recent-dip/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/crypto-analyst-bitcoin-is-ready-for-a-bullish-move-after-recent-dip/</a>

Crypto Analyst: Bitcoin is Ready for a Bullish Move After Recent Dip

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