Cryptocurrency

Bitcoin

Para

Rekt

The leading cryptocurrency is racing towards its new daily peak, standing at $38,225 at the time of writing. Although <a href="https://en.coin-turk.com/the-potential-catalysts-that-could-take-bitcoin-to-all-time-highs-according-to-mark-yusko/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>‘s price retreated after its last resistance test, it reclaimed the critical area as expected, signaling potential new peaks ahead. This is particularly promising as altcoins have pulled back to support levels.
Uzmanların Kripto Para Tahminleri
For the leading cryptocurrency, one of the most challenging areas was the $37,500 level. While the price surpassed this level several times, profit-taking pushed it back to support. At the time of writing, BTC was seeking to close above this region again. Analyst known as <a href="https://en.coin-turk.com/whitebit-european-crypto-exchange-expands-operations-into-nigeria/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Crypto</a> Chase boldly stated:
“A monthly resistance is approaching. We’re not in a good position weekly. While everyone talks bullish, I might look for a short opportunity at $37,500. I don’t expect a counter-trend due to sentiment, etc., but we might see a pause and a long red candle weekly after the recent rise.”
<img decoding="async" class="wp-image-282155 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/11/Crypto-Chase-BTC-Tahmin.webp" alt="" width="1098" height="552">
Predictions by IncomeSharks were similar, but they too found their name on the list of those who were mistaken.
InmortalCrypto ve Rekt Capital Bitcoin Tahmini
Another <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">analyst</a>, InmortalCrypto, expected to see a new low for BTC price before it could surpass $37,000 this month. However, Bitcoin’s price continued to rise along the support trend line.
<img decoding="async" class="wp-image-282157 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/11/Rekt-Bitcoin-Tahmin.webp" alt="" width="1042" height="739">
RektCapital had expected an interim dip in his earlier predictions, but he was mistaken. He then followed the 2020 halving model to predict the movements for 2023 and 2024. He stated that historically, deeper pullbacks during the period less than 150 days before a Bitcoin Halving could likely provide an extremely high Return on Investment post-Halving.
Historically, this was correct, but as I wrote on that day, BTC had experienced such intense oversold periods that it brought the crash forward. Even with its recent recovery, it entered the last 150 days 60% below its All-Time High (ATH). The price was also below ATH by this margin in previous cycles.
All these failed predictions clearly demonstrate that analysts do not see the future with certainty.
Sorumluluk Reddi:
This article does not contain investment advice. Investors should be aware of the high volatility and risk associated with cryptocurrencies and should carry out transactions based on their own research.
<ul class="summary">
 <li>Bitcoin eyes new peaks, reclaims critical level.</li>
 <li>Analysts’ predictions often miss the mark.</li>
 <li>Historical models suggest high post-Halving ROI.</li>
</ul> Continue Reading: <a href="https://en.coin-turk.com/understanding-the-latest-predictions-and-movements-in-cryptocurrency-markets/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/understanding-the-latest-predictions-and-movements-in-cryptocurrency-markets/</a>

Understanding the Latest Predictions and Movements in Cryptocurrency Markets

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