Solana

Jupiter

Bitcoin

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-and-altcoins-surprising-profitability-and-potential-opportunities/" data-wpel-link="internal">Bitcoin and Altcoins: Surprising Profitability and Potential Opportunities</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/qcp-raporu-yayinlandi-kripto-icin-sasirtici-senayo-2-buyuk-firsat-kapida" data-wpel-link="internal">Bitcoin</a></strong> wallet profitability is at a three-year high, yet bears struggle to keep the price below $68,000. At the time of writing, the price had recovered from $67,300 back to $70,000, after dropping to $65,600 within 24 hours. Meanwhile, some altcoins have been drawing attention with gains nearing 30 percent. So, what are the current price predictions for <a href="https://coin-turk.com/spot-etf-onayi-oncesi-bitcoin-hedefler-belli-oldu-duzeltme-oncesi-son-ralli-uyarisi-da-geldi" data-wpel-link="internal">BTC</a>, SEI, and JUP?</p> 
<h2 style="text-align: justify" id="bitcoin-btc">Bitcoin (BTC)</h2> 
<p style="text-align: justify">On March 14, the entry of only $132 million into spot <a href="https://en.coin-turk.com/expiration-of-bitcoin-options-and-cryptocurrency-market-overview/" data-wpel-link="internal">Bitcoin</a> ETFs, rumors of a split at <a href="https://en.coin-turk.com/potential-sec-legal-targets-in-crypto-space-speculation-rises/" data-wpel-link="internal">Binance</a> Labs, and the macroeconomic outlook triggering fear ahead of the Fed meeting all contributed to pulling the price down. The high profitability of wallets at a three-year peak also facilitated quicker profit-taking amid these negative developments.</p> 
<p style="text-align: justify">A popular analyst known as Bags suggested that Bitcoin could fall to $45,500 in a potential price correction, a prediction fueled by losses of up to 40% seen in previous halving cycles.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-328889 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/BTC-Dusus-Hedefi.png" alt="" width="1317" height="755"></p> 
<p style="text-align: justify">Following the March 14 peak, BTC saw profit-taking and the support line of the rising parallel channel was tested. If the price closes below the channel and the 20-day exponential moving average ($65,195), it could validate the theory of the analyst named Bags. Initially, BTC could face a drop to $59,000 and then to $54,291.</p> 
<p style="text-align: justify">However, a bounce from the channel’s support line could see the BTC price surpass the previous peak of $73,777, focusing on the long-awaited targets of $76,000 and $80,000.</p> 
<h2 style="text-align: justify" id="sei-coin-commentary">SEI Coin Commentary</h2> 
<p style="text-align: justify">In 118 days, the price of <strong>SEI Coin</strong> increased by 717% and rose by 38% in the last 24 hours. At the time of writing, the price at $1.18 is actually searching for a new ATH region. This means the price could continue moving towards targets like $1.25 and $1.5. If BTC does not suffer significant losses in the coming hours, the peak for SEI Coin remains open-ended.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-328890 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/SEIUSDT_2024-03-16_04-11-06.png" alt="" width="1815" height="836"></p> 
<p style="text-align: justify">However, the $1.03 and $0.97 regions are key supports for the continuation of the rise. High-profit investors not moving towards volume sales in this area, and maintaining the region as support, will determine the price’s future.</p> 
<h2 style="text-align: justify" id="jup-coin-commentary">JUP Coin Commentary</h2> 
<p style="text-align: justify">Like SEI, <strong>JUP Coin</strong> has not been around for very long. It is also rising to establish a new ATH region, similar to SEI Coin, with gains over 25% in the last 24 hours. The excitement in the Solana ecosystem and the volume brought by new meme coins in the Jupiter protocol support the price increase.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-328891 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/JUPUSDT_2024-03-16_04-11-36.png" alt="" width="1814" height="836"></p> 
<p style="text-align: justify">If the price continues to close above the $1.09 and $1.06 support areas (and if the meme coin frenzy in <a href="https://en.coin-turk.com/a-comprehensive-look-at-uniswap-uni-a-rising-star-in-the-crypto-market/" data-wpel-link="internal">DEX</a> volume continues), <strong>JUP Coin price</strong> could move towards targets of $1.5 or even $2. In the opposite scenario, $0.8 is a short-term strong support region.</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-and-altcoins-surprising-profitability-and-potential-opportunities/" data-wpel-link="internal">Bitcoin and Altcoins: Surprising Profitability and Potential Opportunities</a></h5>

Bitcoin and Altcoins: Surprising Profitability and Potential Opportunities

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