Bitcoin

Arthur

Notable

<p class="p1" style="text-align: justify">&lt;a href="https://en.coin-turk.com/bitcoin-<a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">analyst</a>-issues-warning-of-potential-downtrend-in-august/”&gt;Bitcoin managed to break the closely watched $38,000 resistance on November 24th, but bulls failed to show a presence above this level. This development reveals that many investors are hesitant to buy at higher levels. On the weekly chart, Bitcoin is forming a Doji candlestick pattern for the second consecutive week. This indicates indecision among bulls and bears about the next move.</p>
<h2 class="p1" style="text-align: justify" id="notable-bitcoin-prediction-from-analysts">Notable Bitcoin Prediction from Analysts</h2>
<p class="p1" style="text-align: justify">As Bitcoin continues its movement near the highest level in 18 months, Arthur Hayes, the co-founder of crypto exchange BitMEX, maintains his bullish expectations. In a recent post, Hayes stated that US authorities are increasing dollar liquidity, which could trigger a rise in Bitcoin price.</p>
<p class="p1" style="text-align: justify">Another bullish prediction came from PlanB, who shares his thoughts on Bitcoin price models. In a post, he claimed that Bitcoin will not stay at current levels for a long time. According to the analyst, Bitcoin will reach at least $100,000 between 2024 and 2028.</p>
<p class="p1" style="text-align: justify">Analysts have become increasingly bullish in the past few days, but investors should proceed with caution as corrections are inevitable in the crypto market during every uptrend.</p>
<p><img decoding="async" class="aligncenter wp-image-281218 size-full" src="https://coin-turk.com/wp-content/uploads/2023/11/kripto-market-verileri.webp" alt="" width="1458" height="916"></p>
<h2 class="p1" style="text-align: justify" id="bitcoin-chart-analysis">Bitcoin Chart Analysis</h2>
<p class="p1" style="text-align: justify">Bitcoin’s ongoing rally since October faced a hurdle at the $37,980 level, but investors are determined to close their positions. This indicates that investors are expecting the uptrend to continue further.</p>
<p class="p1" style="text-align: justify">The immediate downside support is the 20-day exponential moving average, currently around $36,546. If the price bounces back from this support, it will signal that every minor correction is being bought. This will increase the likelihood of Bitcoin breaking above $37,980.</p>
<p class="p1" style="text-align: justify">If this possibility materializes, the <a href="https://en.coin-turk.com/spot-bitcoin-etf-decisions-postponed-ark-21shares-and-global-x-etfs-delayed/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>/USDT pair could rise to $40,000. This level could be a strong resistance for investors, but if they manage to turn the $38,000 level into support, the uptrend could extend to $48,000. However, if the price falls below the 20-day EMA level, investors are likely to book profits.</p>
<p><img decoding="async" class="aligncenter wp-image-281217 size-full" src="https://coin-turk.com/wp-content/uploads/2023/11/btc-gunluk-grafik.webp" alt="" width="1373" height="807"></p> Continue Reading: <a href="https://en.coin-turk.com/bitcoin-breaks-resistance-analysts-expect-further-upside/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/bitcoin-breaks-resistance-analysts-expect-further-upside/</a>

Bitcoin Breaks Resistance, Analysts Expect Further Upside

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