Cryptocurrency

Bitcoin

Coin

<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/exciting-wait-for-bitcoin-crossing-the-35000-threshold/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a></strong> price rose following a statement by Fed member Daly about possible further rate cuts next year. The leading cryptocurrency was not expected to see a significant rise until the PCE data on Friday and has not yet managed to stay above $42,500. So, what are the expectations for BTC and other popular cryptocurrencies until Sunday?</p>
<h2 style="text-align: justify" id="bitcoin-btc">Bitcoin (BTC)</h2>
<p style="text-align: justify">The flattening 20-day EMA and RSI close to the midpoint suggest an increase in volatility is imminent. If we see closes below $40,000, a retreat to the $37,980 support could occur. Alternatively, if the price rises and sustains above the 20-day EMA, <strong>BTC</strong> will look for closes above $44,700 to continue the uptrend.</p>
<p style="text-align: justify"><img loading="lazy" decoding="async" loading="lazy" class="size-full wp-image-290936 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/12/BTC-19-Aralik-YOrum.png" alt="" width="1272" height="761"></p>
<h2 style="text-align: justify" id="ethereum-eth-price-target">Ethereum (ETH) Price Target</h2>
<p style="text-align: justify">ETH is struggling to maintain the $2,200 level and may fall to $2,074 if this continues. In the ongoing scenario, a drop to $1,900 could be expected. If the price rises above $2,200, this bearish view will be invalidated in the short term, and a move to the $2,332 region will start. The SEC’s decision to delay three ETFs in the last 24 hours has made some frustrating comments for ETH.</p>
<p style="text-align: justify"><img loading="lazy" decoding="async" loading="lazy" class="size-full wp-image-290937 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/12/ETH-19-Aralik-Yorum.png" alt="" width="1268" height="766"></p>
<p style="text-align: justify">The regulatory body sharing the risks of the PoS transition in the delay decision could try to substantiate at least one reason for a possible rejection for a spot ETH ETF.</p>
<h2 style="text-align: justify" id="binance-coin-bnb-commentary">Binance Coin (BNB) Commentary</h2>
<p style="text-align: justify">Bulls’ inability to push <strong><a href="https://en.coin-turk.com/binance-announces-25th-bnb-burn-millions-of-coins-destroyed/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BNB</a></strong> above $260 has led short-term investors to take profits. Negative sentiment in BTC price also fueled this. We saw a pullback below the moving averages on December 18th; if the price stays below $240, this could be risky. In a possible bearish scenario, the $223 region could be tested by Sunday.</p>
<p style="text-align: justify"><img loading="lazy" decoding="async" loading="lazy" class="size-full wp-image-290938 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/12/BNB-19-Aralik-Yorum.png" alt="" width="1268" height="757"></p>
<p style="text-align: justify">Conversely, the target is a retest of $260.</p>
<h2 style="text-align: justify" id="xrp-coin-price-target">XRP Coin Price Target</h2>
<p style="text-align: justify">Bears are trying to pull the price down to the strong support at $0.56, but for now, their efforts have been in vain due to the recovery in the <strong>BTC price</strong>. <strong>XRP Coin</strong> is hovering between $0.6 and $0.61 as of this writing. If the price can stay above the 20-day EMA ($0.62), $0.73 could be tested. Otherwise, the target is $0.56.</p>
<p style="text-align: justify"><img loading="lazy" decoding="async" loading="lazy" class="size-full wp-image-290942 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/12/XRP-19-Aralik-Yorum.png" alt="" width="1270" height="752"></p>
<p style="text-align: justify">Closures above $0.74 are needed for the next leg of the uptrend to begin.</p>
<h2 style="text-align: justify" id="solana-price-target">Solana Price Target</h2>
<p style="text-align: justify"><strong>Solana</strong>‘s SOL turned from its peak of $79.50 on December 15th. Fortunately, the $80 target we mentioned while the price was in the $30 region was achieved, and Solana did as expected. However, with the recent rise and BONK Coin support, SOL Coin’s price needs to see triple digits. If it can achieve this, a new peak in the $100-$120 range could be seen.</p>
<p style="text-align: justify"><img loading="lazy" decoding="async" loading="lazy" class="size-full wp-image-290943 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/12/SOL-19-Aralik-Yorum.png" alt="" width="1272" height="762"></p>
<p style="text-align: justify">Of course, if Bitcoin allows it. Closures below $57.83 could lead to a test of $50 for SOL Coin. The price needs to stay above $60 and surpass its peak of $80. If it can do this, we could see a new peak between $100-$120.</p> <span style="font-weight:bold;font-size:16px">Continue Reading:</span> <a href="https://en.coin-turk.com/cryptocurrency-market-analysis-bitcoin-and-altcoins-price-targets/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/cryptocurrency-market-analysis-bitcoin-and-altcoins-price-targets/</a>

Cryptocurrency Market Analysis: Bitcoin and Altcoins Price Targets

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