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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-struggles-and-altcoin-predictions/" data-wpel-link="internal">Bitcoin Price Struggles and Altcoin Predictions</a> 
Bitcoin price is again below $43,000, unable to surpass the $43,600 hurdle. What is the expected scenario now? Volatility continues to increase, particularly targeting liquidity regions in futures trading. However, for the time being, we have not seen a breakout in either direction. Let’s examine the current market forecasts, specifically for BTC and RON Coin. 
<h2 style="text-align: justify" id="will-cryptocurrencies-rise">Will Cryptocurrencies Rise?</h2> 
Cryptocurrencies began to increase in cumulative value along the rising parallel channel on December 9, reaching a peak of $1.81 trillion on January 11. Seven days after this peak, BTC lost the support line of the channel and fell below the support area of $1.61 trillion. We had warned investors of an early breakout before a significant decline started during those days. 
The bearish expectation proved correct, and the $1.61 trillion cumulative value area is turning into resistance. If this negativity continues, TOTALCAP could drop another 12%, reaching the $1.4 trillion support level, potentially causing price drops exceeding 20% in a significant portion of altcoins. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-311759 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/Kripto-Paralar-Artar-Mi-6-Subat.png" alt="" width="1728" height="826"> 
Despite the bearish forecast, if the $1.61 trillion level turns back into support and a rebound occurs, the price could rise to $1.8 trillion. 
<h2 style="text-align: justify" id="analysis-of-bitcoin-and-ron-coin">Analysis of Bitcoin and RON Coin</h2> 
On January 12, the price of BTC had already indicated a breakout in the cumulative value chart. Although the price returned to the support line of the channel on January 30, it could not permanently surpass the $43,500 barrier. This area has the potential to initiate a new downward movement. If this happens, the price could fall by 16% to as low as $35,700. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-311760 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/Bitcoin-Fiyati-Artar-Mi-6-Subat.png" alt="" width="1721" height="822"> 
In the opposite scenario, if the trend line is permanently reclaimed at $43,500, a target of $50,000 could be set. Looking at the RON Coin chart, a parabolic increase had already been discussed since October 2023. Days ago, when the price was still below $3, we wrote that it could move to reach new highs and that the $3.5 barrier was being targeted. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-311762 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/RON-Coin-Guncel-Fiyat-Tahmini.png" alt="" width="1887" height="765"> 
Although RON Coin reached the target, it turned back from $3.5, confirming this area as resistance. <a href="https://en.coin-turk.com/binance-streamlines-liquidity-pools-key-crypto-pairs-delisted/" data-wpel-link="internal">Binance</a> announcements also played a role in this. If sellers continue to remain strong, the main support is at $1.75, and a drop of around 32% can be expected. On the upside, a strong rebound from the current level could once again test the $3.5 resistance. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-struggles-and-altcoin-predictions/" data-wpel-link="internal">Bitcoin Price Struggles and Altcoin Predictions</a></h5>

Bitcoin Price Struggles and Altcoin Predictions

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