Bitcoin

Daily

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-and-bonk-coin-price-movements-and-predictions/" data-wpel-link="internal">Bitcoin and BONK Coin Price Movements and Predictions</a> 
Bitcoin price is lingering around $51,800 following restrictive tone comments by Fed member Waller. Waller thinks it’s not a good idea for big banks to hold too much crypto ETPs and signals they could be more cautious on this matter. Meanwhile, there are some movements on the BONK Coin front as well. 
<h2 style="text-align: justify" id="bonk-coin-commentary">BONK Coin Commentary</h2> 
On the <a href="https://en.coin-turk.com/binance-japan-expands-token-listing-becomes-the-most-diverse-crypto-exchange-in-the-country/" data-wpel-link="internal">Binance</a> exchange, BONK Coin continues the day with a 2.3% increase. Daily chart readings show that the BONK Coin price has broken free from the decreasing resistance trend line on February 7th. Such breakouts are usually indicative of larger movements to come. Indeed, gaining the trend line that has been stagnant for 55 days is a positive development in the short term. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-315324 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/BONK-Coin-Yorum.png" alt="" width="1891" height="772"> 
Since the price reached its all-time high on December 15, this trend line has remained solid. However, it seems that the bears have given up for now. Today, BONK reached $0.000014 before pulling back. 
The daily RSI is positive and its trajectory above the neutral zone confirms the breakout, which suggests that the BONK Coin price may continue to rise. 
<h2 style="text-align: justify" id="bonk-coin-price-prediction">BONK Coin Price Prediction</h2> 
Bitcoin‘s rapid fluctuations have turned the short-term positive outlook to neutral a few hours ago. However, the price’s continued support in the $52,800 region is relatively positive. The targeted area for BTC is $55,400, and with ETF entries remaining positive, new highs could be seen this week. Yet, these short-lived daily fluctuations are causing confusion on the six-hour charts. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-315325 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/bonk-coin-fiyat-tahmini.png" alt="" width="1887" height="768"> 
BONK Coin‘s six-hour chart is not as positive as the daily one. The price is close to the $0.000014 resistance on the short-term chart, but weakening RSI suggests the breakout may not be permanent. Therefore, BONK price needs to bounce from here or make closures below $0.000014, turning resistance into support. The direction to be determined in the coming hours is still unclear. 
A possible upward movement would target $0.000016. Conversely, closures below resistance could see BONK Coin price drop to $0.000012. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-and-bonk-coin-price-movements-and-predictions/" data-wpel-link="internal">Bitcoin and BONK Coin Price Movements and Predictions</a></h5>

Bitcoin and BONK Coin Price Movements and Predictions

Table of Contents

COINTURK NEWS

Other articles published on Feb 15, 2024

Dogecoin Faces Decline Due to Inflation, New Deflationary Cryptocurrency Expected to Exceed It by...

BlockDAG Network Gears up With 50x ROI While Cardano and Solana Get Ready for the Next Bull Run

Tron Coin Experiences Significant Price Surge

Uniswap V4 Catalyst: UNI Token Primed For Growth As New Chain Launch Loom

Chainlink and Telefónica Enhance Web3 Security Through GSMA Open Gateway Integration

Bitcoin (BTC) Price Shoots Past $52,400, $180 Million Shot Positions Liquidated

Join our free newsletter for daily crypto updates!