Ethereum

Bitcoin

<p style="text-align: justify">Renowned investor Paul Tudor Jones, the investment legend of the markets, recently stated in an interview with CNBC that the escalation of the Israel-Hamas dispute could create a sense of risk aversion and cause a rise in gold and <a href="https://en.coin-turk.com/bitcoin-analyst-claims-btc-could-be-on-the-verge-of-a-downtrend/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>. He also mentioned that the stock market is not experiencing an upward trend due to this situation.</p>
<h2 style="text-align: justify" id="bitcoin-price-analysis">Bitcoin Price Analysis!</h2>
<p style="text-align: justify">Bitcoin surpassed the 20-day exponential moving average on October 11th. The bears were unable to pull the price below the 50-day simple moving average. Bulls successfully defended the 50-day SMA on October 11th and 12th, but they are struggling to initiate a recovery. This situation may indicate a lack of demand at higher levels. Bears may later attempt to push the price below the 50-day SMA and reach the peak.</p>
<p style="text-align: justify">If the mentioned level is broken, the <a href="https://en.coin-turk.com/bitcoin-shows-signs-of-potential-upside-trend-as-september-comes-to-an-end/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>/USDT pair may retest the strong support at $26,000. This level is likely to trigger aggressive buying from bulls. A rise above the 20-day EMA will be the first indication of strength. The pair may then climb to a strong overall resistance level of $28,143. This is an important level to watch out for, as a close above this level could signal the start of a short-term upward movement.</p>
<p><img decoding="async" class="aligncenter wp-image-266390 size-full" src="https://coin-turk.com/wp-content/uploads/2023/10/btc-3.webp" alt="" width="1353" height="798"></p>
<h2 style="text-align: justify" id="ethereum-detailed-price-prediction">Ethereum Detailed Price Prediction</h2>
<p style="text-align: justify">On October 12th, <a href="https://en.coin-turk.com/the-latest-on-xrp-doge-eth-and-shib/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum</a> price dropped to a critical support level of $1,531, but a small positive aspect is that bulls successfully defended this level, which may indicate signs of positive divergence in the RSI. In this case, it could suggest a weakening of the downward momentum. Bulls may try to push the price towards the moving averages, where bears could once again create a strong defense.</p>
<p style="text-align: justify">A sharp decline of ETH price from the 20-day EMA could indicate that bears are in control. The ETH/USDT pair may then drop below $1,531 and start a downward momentum towards $1,368. If bulls want to prevent the decline, they may have to push the price above the moving averages. The pair may then climb to $1,746, where bulls may face strong selling pressure from bears.</p>
<p><img decoding="async" class="aligncenter wp-image-266391 size-full" src="https://coin-turk.com/wp-content/uploads/2023/10/eth-2.webp" alt="" width="1353" height="798"></p> Continue Reading: <a href="https://en.coin-turk.com/bitcoin-price-analysis-will-btc-break-above-28143-resistance/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/bitcoin-price-analysis-will-btc-break-above-28143-resistance/</a>

Bitcoin Price Analysis: Will BTC Break Above $28,143 Resistance?

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