Cryptocurrency

Solana

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-trends-downward-as-market-watches/" data-wpel-link="internal">Bitcoin Price Trends Downward as Market Watches</a><br></p>
<p style="text-align: justify"><strong>Cryptocurrency</strong> market sees Bitcoin on a downward trend today. The price, at the time of writing, has fallen below $51,000. In recent days, the BTC price had reached $52,816. However, after facing rejection at that level, Bitcoin moved within a volatile horizontal price range. Now, the price is around $50,700.</p> 
<h2 style="text-align: justify" id="will-bitcoin-price-drop-further">Will Bitcoin Price Drop Further?</h2> 
<p style="text-align: justify"><strong>Bitcoin’s</strong> price could see a correction below the $50,000 level, according to some analysts. Analyst Crypto Capo suggested a drop to the $45,000 level might occur, followed by a rebound to around $48,000.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-316061 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/btc-kripto-coin-turk-com-.png" alt="" width="1564" height="836"></p> 
<p style="text-align: justify">Analyst Michael van de Poppe mentioned that if the upward movement in Bitcoin continues, the primary target range for the price would be between $54,000 and $58,000. However, he also noted that a price correction could occur, potentially bringing BTC down to the $48,000 level.</p> 
<h2 style="text-align: justify" id="current-state-of-ethereum-and-leading-altcoins">Current State of Ethereum and Leading Altcoins</h2> 
<p style="text-align: justify">Bitcoin’s fall below the $51,000 level has impacted other cryptocurrencies, including Ethereum. Ethereum, which recently broke the $2,800 resistance, has now fallen to around $2,730.</p> 
<p style="text-align: justify">The <strong>BNB</strong> coin, which had risen to $366, has dropped below $350 alongside Bitcoin’s decline. BNB coin is currently trading at $348.</p> 
<p style="text-align: justify">The altcoin <strong>Solana</strong> has fallen below the $110 resistance level. At the time of writing, it is trading at $106. XRP is finding buyers at $0.54, while <a href="https://en.coin-turk.com/what-is-the-current-expectation-for-cardano-ada/" data-wpel-link="internal">ADA</a> is trading at $0.57.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-price-trends-downward-as-market-watches/" data-wpel-link="internal">Bitcoin Price Trends Downward as Market Watches</a></h5>

Bitcoin Price Trends Downward as Market Watches

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