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Bitcoin

On November 21, decisions taken by the US Department of Justice regarding cryptocurrency exchange <a href="https://en.coin-turk.com/high-ranking-binance-officials-resign-amid-regulatory-pressure/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a> and its CEO Changpeng Zhao caused a short-term concern. The allegations that Binance would sell <a href="https://en.coin-turk.com/bitcoin-hash-rate-rises-while-mining-revenue-falls-btc-should-rise/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> to pay its $4.3 billion fine caused a significant drop in the price of Bitcoin. However, with a 1.92% increase in the last 24 hours, Bitcoin seems to have left these concerns behind.
<h2 class="p1" style="text-align: justify" id="what-s-happening-in-the-bitcoin-front">What’s Happening in the Bitcoin Front?</h2>
Data from TradingView shows that the crypto markets have experienced a significant recovery after the sudden drop from the day before. While the impact of Binance’s agreement with the US Department of Justice for $4.3 billion continues, Bitcoin investors have focused on the price of BTC during this process.
Well-known investor and analyst Daan Crypto Trades pointed out that despite the drop to $35,600 after the Binance development, the BTC/USD pair has been in a trading range for two weeks. The investor shared the following comment with his followers on <a href="https://newslinker.co/category/social-media/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">social media</a> platform X:
<blockquote>
 “A nice touch and another bounce from the low range. It is quite clear that the most important levels in this area are $35,700 and $38,000.”
</blockquote>
<img decoding="async" class="aligncenter wp-image-279901 size-full" src="https://coin-turk.com/wp-content/uploads/2023/11/btc-grafik-yorumu.jpg" alt="" width="1255" height="780">
For optimistic market participants who are waiting for the next stage of the Bitcoin bull run, the range between $35,000 and $38,000 is equally intriguing. This view was also shared by popular investor and analyst Credible Crypto, who provided some insights about future developments:
<blockquote>
 “As other investors have pointed out, spot premium is back. A bottom is forming here. However, for a few days of accumulation before the takeoff, I believe there is a small range here, with the upside currently capped around $37,000 and the downside around $35,000. Based on the chart in my quoted tweet, I expect the lowest levels to be taken around $35,500 before the accumulation phase ends and the next impulse starts.”
</blockquote>
<img decoding="async" class="aligncenter wp-image-279900 size-full" src="https://coin-turk.com/wp-content/uploads/2023/11/btc-liq-verisi-scaled.jpg" alt="" width="2560" height="1441">
<h2 class="p1" style="text-align: justify" id="critical-bitcoin-warning-from-a-prominent-figure">Critical Bitcoin Warning from a Prominent Figure</h2>
Despite being known for his long-term bullish outlook on Bitcoin, prominent investor and analyst Jelle warned his followers that buyer interest needs to solidify. The prominent figure commented on Bitcoin’s four-hour chart:
<blockquote>
 “Although we haven’t hit a single low, there are things Bitcoin needs to do. We couldn’t make a higher low for the first time in this consolidation, and now we’re back below the key level. Bulls need to step in here.”
</blockquote>
<img decoding="async" class="aligncenter wp-image-279898 size-full" src="https://coin-turk.com/wp-content/uploads/2023/11/btc-4s-grafik.jpg" alt="" width="1792" height="828"> Continue Reading: <a href="https://en.coin-turk.com/whats-happening-in-the-bitcoin-front/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/whats-happening-in-the-bitcoin-front/</a>

What’s Happening in the Bitcoin Front?

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