Rally

Bitcoin

Dogecoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/expert-analyst-predicts-bitcoin-rally-and-opportunities-for-long-term-investors/" data-wpel-link="internal">Expert Analyst Predicts Bitcoin Rally and Opportunities for Long-Term Investors</a> 
Last year, a top-level analyst who accurately captured the rise of cryptocurrency, declared that <a href="https://coin-turk.com/unlu-analist-bitcoin-ve-ethereum-tahminini-acikladi-epik-bir-ralli-bekliyor" data-wpel-link="internal">Bitcoin</a>‘s (<a href="https://en.coin-turk.com/peter-schiff-warns-of-a-potential-price-drop-for-bitcoin/" data-wpel-link="internal">BTC</a>) venture into uncharted waters could be an opportunity for long-term investors despite significant pullbacks. 
<h2 id="effects-of-etf-on-bitcoin">Effects of ETF on Bitcoin</h2> 
Known as DonAlt, the cryptocurrency analyst indicated through his YouTube platform that the recent rapid rise of meme tokens suggests an impending major correction for <a href="https://en.coin-turk.com/analysis-of-the-current-status-of-bitcoin-potential-for-spot-etf-approval-and-ongoing-whale-purchases/" data-wpel-link="internal">Bitcoin</a>. While expecting a pullback in Bitcoin, DonAlt claimed that exchange-traded fund (ETF) investors in the spot market could expedite the retreat of BTC. The senior analyst stated: 
<blockquote> 
 Meme tokens are surging so wildly, I think we’ll be quick and this could easily lead to a significant pullback… If we experience a big pullback, I’d wager it will be between $45,000 and $50,000… I believe this could happen due to the froth levels we’ve reached, but also because we’re in a new paradigm with ETFs, as strange as it sounds. Bitcoin now has a completely new investor base, and they are indeed investors. 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-323137 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/bitcoinn.jpg" alt="" width="1318" height="643"> 
<h2 id="long-term-expectations-for-btc">Long-Term Expectations for BTC</h2> 
According to the seasoned cryptocurrency analyst, any Bitcoin pullback at this point could be a gift for long-term investors. The expert commented on the matter: 
<blockquote> 
 I’m not worried because if it pulls back a bit and I can buy some <a href="https://coin-turk.com/iddia-odeme-devi-visa-gizlice-ripple-ile-mi-calisiyor" data-wpel-link="internal">altcoins</a>, I’ll be happy. That’s what I want to do: buy some on the rise. <a href="https://coin-turk.com/dogecoin-gunu-bekleneni-veremedi-doge-dususe-gecti" data-wpel-link="internal">Dogecoin</a> is smiling at me… The problem is, it may not pull back, and then I’ll miss out, but that’s the way it is. Bitcoin is at a resistance level, a really critical one, like if we’re talking monthly, we’re there for the third time. So it doesn’t make sense for a crypto bear like Capo to say ‘This is the peak and now it will crash.’ I think if there’s a downturn and we get a bigger pullback gift, that’s what you’ll want to buy and then hold onto for a while longer. 
</blockquote> 
At the time of writing, the leading cryptocurrency, Bitcoin, is trading at $68,032, just a few points shy of breaking its all-time high. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/expert-analyst-predicts-bitcoin-rally-and-opportunities-for-long-term-investors/" data-wpel-link="internal">Expert Analyst Predicts Bitcoin Rally and Opportunities for Long-Term Investors</a></h5>

Expert Analyst Predicts Bitcoin Rally and Opportunities for Long-Term Investors

Table of Contents

COINTURK NEWS

Other articles published on Mar 5, 2024

Crypto Whales’ Favorite 3 Altcoin Picks for 2024

Cardano’s ADA Surges as Analysts and Investors Pay Attention

Gods Unchained (GODS) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Bitcoin’s Price Rollercoaster: Sharp Retreat and Subsequent Bounce Back

Global Crypto Craze: DeeStream (DST) Presale Attracts Solana (SOL) and Cardano (ADA) Investors – ...

Analysts Predict Impending Altcoin Surge as BTC Dominance Wanes

Join our free newsletter for daily crypto updates!