Bitcoin

Grayscale Bitcoin Trust

Rise

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-bitcoins-potential-climb-towards-60000/" data-wpel-link="internal">Analyst Predicts Bitcoin’s Potential Climb Towards $60,000</a><br></p>
<p style="text-align: justify">At the start of 2023, an analyst renowned for his cryptocurrency rally predictions claimed that <a href="https://en.coin-turk.com/bitcoins-price-surge-expectations-and-predictions-for-2024/" data-wpel-link="internal">Bitcoin</a> (BTC) was just one resistance level away from reaching $60,000.</p> 
<h2 id="bitcoin-s-potential-rise-scenario">Bitcoin’s Potential Rise Scenario</h2> 
<p style="text-align: justify">Crypto strategist DonAlt, in his statements on <strong>Youtube</strong>, pointed out that the price area between $44,000 and $45,000 is the only supply level preventing a significant rise in Bitcoin.</p> 
<p style="text-align: justify">DonAlt outlined a scenario where <strong>Bitcoin</strong> first touches the support around $38,000, then breaks through $45,000 and climbs to $60,000, adding the following in his statements:</p> 
<blockquote> 
 <p style="text-align: justify">In terms of resistance, we are still struggling with $44,000 and are being rejected at this point. $44,000 to $45,000, that’s the midpoint of this range. If this is breached, the only thing really left will be the top of the range at $60,000, which is simple enough. Overall, I think it can rise, fall back, and then climb even higher.</p> 
</blockquote> 
<p><img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-311178" src="https://coin-turk.com/wp-content/uploads/2024/02/analist.webp" alt="" width="1112" height="568"></p> 
<h2 id="risky-formation-in-btc">Risky Formation in BTC</h2> 
<p style="text-align: justify">Furthermore, <strong>DonAlt</strong> mentioned that there are several bearish catalysts that could push BTC to lower levels following the approval of spot Bitcoin exchange-traded funds (ETFs). The analyst suggested that since these factors did not cause a crash in the price, the likelihood of <strong>BTC</strong> revisiting the support around $30,000 is now low, and he commented on the matter as follows:</p> 
<blockquote> 
 <p style="text-align: justify">Overall, the Grayscale Bitcoin Trust (GBTC) sale, ETF <a href="https://newslinker.co/" data-wpel-link="exclude">news</a> being at the forefront, and profit-taking really did nothing… At this point, reaching $32,000 doesn’t seem very likely. It could go up to $35,000 or it may not even reach $35,000… But at the same time, you also have a breakout level that you can trade, which is above $44,000, because basically, we have a range here, quite narrow… If this is a bull market and we break out from here and start closing above the high range, you would expect it to continue. Where to? $60,000 seems like the best resistance we have.</p> 
</blockquote> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/analyst-predicts-bitcoins-potential-climb-towards-60000/" data-wpel-link="internal">Analyst Predicts Bitcoin’s Potential Climb Towards $60,000</a></h5>

Analyst Predicts Bitcoin’s Potential Climb Towards $60,000

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