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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-chases-new-peaks-as-ethereum-shows-bullish-signs/" data-wpel-link="internal">Bitcoin Chases New Peaks as Ethereum Shows Bullish Signs</a> 
February is coming to an end, and <a href="https://coin-turk.com/ripplein-eski-ctosu-230-milyon-dolarlik-bitcoin-btc-kaybedebilir" data-wpel-link="internal">Bitcoin</a> continues to eagerly chase new highs. Naturally, this also reflects on altcoins. The leading cryptocurrency has reached the $55,000 mark today, and a price range that seemed like a dream a few months ago has become more normalized. The resistance at $65,000 had been discussed for weeks, and now there is roughly $10,000 left between this target and the current price. 
<h2 style="text-align: justify" id="ethereum-and-btc">Ethereum and BTC</h2> 
CoinShares data indicates that <a href="https://en.coin-turk.com/market-buzzes-with-optimism-as-spot-bitcoin-etf-review-nears-conclusion/" data-wpel-link="internal">Bitcoin</a> investment products saw an inflow of $570 million last week. According to a report shared by Eric Balchunas and fellow analyst Andre Yapp, there was a $5 billion increase in net assets under management. Considering the days when experts were excited about an annual net growth of even $10 billion, this is quite impressive. 
Experts predict that in the not-too-distant future, the total value of Bitcoin ETFs will reach that of gold and even surpass gold ETFs. The fundamental motivation for this quick recovery and rise in <a href="https://en.coin-turk.com/bitcoin-hits-new-two-year-high-as-market-momentum-persists/" data-wpel-link="internal">BTC</a> price is also supporting altcoins. 
For example, <a href="https://coin-turk.com/eth-usd-teknik-analizi-ethereum-fiyat-tahmini-6" data-wpel-link="internal">Ethereum</a> (<a href="https://en.coin-turk.com/ethereum-may-receive-a-unique-classification-hints-jp-morgan/" data-wpel-link="internal">ETH</a>) price has surpassed the $3,036 resistance, indicating the next leg of the rally. We had seen similar excitement when the $2,000 level was reclaimed, and now we might see the same at $4,000. Upward sloping moving averages indicate that bulls are in control. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-319918 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/ETH-27-Subat-Yorum.png" alt="" width="1320" height="758"> 
However, the RSI being in the overbought zone suggests we might see a correction before further rises. If there is no significant correction and the price remains above $3,000, the rally could extend towards $4,000 after $3,300 and $3,540. 
If we see closures below the 20-day EMA at $2,823, we will witness the rally as a temporary excitement, and the price will face the risk of falling to $2,546. 
<h2 style="text-align: justify" id="xrp-coin-predictions">XRP Coin Predictions</h2> 
I fear we will wake up one morning to find Bitcoin at $65,000 while XRP Coin is still struggling at $0.58. We have long processed the doubts about its price future due to the lawsuit and circulating supply. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-319919 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/XRP-Coin-27-Subat.png" alt="" width="1322" height="756"> 
Horizontal moving averages and the RSI just below the neutral zone suggest that the price will continue to fluctuate between $0.48 and $0.58. A breakout below $0.58 or $0.5 is necessary to end this tedious movement. Current targets are $0.63 on the upside and $0.46 on the downside. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-chases-new-peaks-as-ethereum-shows-bullish-signs/" data-wpel-link="internal">Bitcoin Chases New Peaks as Ethereum Shows Bullish Signs</a></h5>

Bitcoin Chases New Peaks as Ethereum Shows Bullish Signs

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