Bitcoin

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<p style="text-align: justify">The recovery in the crypto markets continues and the <a href="https://en.coin-turk.com/bitcoins-next-move-a-prominent-analyst-anticipates-bullish-breakout-beyond-30k/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a> price successfully defends the $35,000 level. Institutional demand is strong and expectations for interest rate cuts by the Fed next year have climbed from 50bp to 100bp. This means that rate cuts could start from the middle of the year. So what is the current situation in the <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">market</a>?</p>
<h2 style="text-align: justify" id="will-altcoins-rise">Will Altcoins Rise?</h2>
<p style="text-align: justify">The cumulative value of cryptocurrencies has significantly increased in the past three weeks, forming three consecutive weeks of bullish candlesticks. This is very important, and as BTC consolidates at higher levels, expected altcoin rallies are also starting. <a href="https://en.coin-turk.com/the-unrealistic-price-targets-for-xrp-coin-will-it-reach-333/" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP</a> Coin has once again surpassed $0.7 today. However, there are many cryptocurrencies that have gained double-digit returns.</p>
<p style="text-align: justify">TOTALCAP has surpassed the $1.25 trillion resistance that it has been unable to break since April. Last week’s upward movement allowed the cumulative value to reach a peak of $1.31 trillion. The cumulative value, which reached its peak in 2023, could continue to increase to the $1.44 trillion level.</p>
<p style="text-align: justify"><img decoding="async" class="size-full wp-image-273857 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/11/Altcoin-Yukselisi-Surer-Mi.png" alt="" width="1890" height="773"></p>
<p style="text-align: justify">Despite the bullish outlook, if TOTALCAP closes below $1.25 trillion, deeper lows below $1.1 trillion could be seen.</p>
<h2 style="text-align: justify" id="bitcoin-and-egld-analysis">Bitcoin and EGLD Analysis</h2>
<p style="text-align: justify">The recent institutional investor report is extremely positive. BTC is hovering around $35,000 and has not been able to close above $35,500 despite no strong resistance ahead. If bulls initiate a new sharp upward wave, they may not encounter a major obstacle until the key resistance area of $47,500.</p>
<p style="text-align: justify"><img decoding="async" class="size-full wp-image-273858 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/11/BTC-Yukselisi-Surecek-Mi.png" alt="" width="1723" height="822"></p>
<p style="text-align: justify">In the opposite scenario, if the strength of BTC bulls diminishes, a retracement to the $31,000 support is possible. Increasing institutional demand, a strengthening accumulation sentiment among investors, and positive developments on the macro front suggest that upward movement could be more reasonable.</p>
<p style="text-align: justify">The altcoin expected to be in the spotlight this week is EGLD Coin. The EGLD price increased significantly last week, reaching $53.45. The price broke the descending trend line and reclaimed the $43 level. If the upward trend continues, we may see a new peak at $62.</p>
<p style="text-align: justify"><img decoding="async" class="size-full wp-image-273860 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/11/EGLD-Coin-Fiyat-Yorum-1.png" alt="" width="1887" height="772"></p>
<p style="text-align: justify">However, closing below $43 could lead to short positions targeting $28 for selling opportunities.</p>
<div class="sorumluluk_reddi"><strong>Disclaimer:</strong> The information in this article is not investment advice. Investors should be aware that cryptocurrencies are highly volatile and therefore carry risks. They should conduct their own research before making any transactions.
</div> Continue Reading: <a href="https://en.coin-turk.com/crypto-markets-continue-to-recover-will-altcoins-rise/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/crypto-markets-continue-to-recover-will-altcoins-rise/</a>

Crypto Markets Continue to Recover: Will Altcoins Rise?

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