Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-analyst-predicts-potential-price-surge/" data-wpel-link="internal">Bitcoin Analyst Predicts Potential Price Surge</a><br></p>
<p style="text-align: justify">Popular crypto analyst Jelle has suggested that the market flagship <strong><a href="https://coin-turk.com/bitcoin-dusmani-schiffe-elon-musktan-patlicanli-yanit" data-wpel-link="internal">Bitcoin</a> (<a href="https://coin-turk.com/bitcoin-btc-ethereum-eth-ve-xrpde-son-durum-piyasa-kizila-boyandi" data-wpel-link="internal">BTC</a>)</strong> could reach the $75,000 level anticipated by investors by the end of the week. The leading cryptocurrency had experienced a decline in momentum after reaching its all-time high.</p> 
<h2 id="bitcoin-s-price-correction-phase">Bitcoin’s Price Correction Phase</h2> 
<p style="text-align: justify">During the specified period, <strong><a href="https://en.coin-turk.com/anticipation-for-spot-bitcoin-etf-approval-grows-among-crypto-executives/" data-wpel-link="internal">Bitcoin</a></strong> underwent a correction of approximately 18% and fell below the $61,000 level last week. Since then, the cryptocurrency has managed to reduce these losses and reclaim the peak of its previous bull run. Earlier today, the largest cryptocurrency surpassed the $71,500 level in major spot exchanges but then fell below the $69,000 level.</p> 
<p style="text-align: justify">Following the US’s largest exchange, <a href="https://en.coin-turk.com/the-need-for-crypto-regulations-in-hong-kong-jpex-incident-triggers-calls-for-stricter-measures/" data-wpel-link="internal">Coinbase</a>, not dismissing the lawsuit filed by the US Securities and Exchange Commission, Bitcoin, along with the broader <strong>crypto market</strong>, lost some ground. Data from the crypto analytics firm <strong>Coinglass</strong> shows that approximately $239 million worth of cryptocurrency was liquidated in the last 24 hours.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-334121 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/btc-6.jpg" alt="" width="1317" height="650"></p> 
<h2 id="expert-opinion-on-btc">Expert Opinion on BTC</h2> 
<p style="text-align: justify">A significant portion of these positions are long (worth $166 million). Renowned crypto analyst Ali Martinez believes the main resistance barrier for <strong>Bitcoin</strong> is between $70,180 and $70,600. According to data provided by IntoTheBlock, a large concentration of 291,000 addresses that purchased Bitcoin at an average price of $70,223 are now out of the money.</p> 
<p style="text-align: justify">According to data released by blockchain analysis firm <strong>Glassnode</strong>, the flagship cryptocurrency has reached a “statistically significant level” in terms of unrealized profit held in its supply. Additionally, with only 21 days left until the next Bitcoin halving, there is a significant group of investors who still believe that the largest cryptocurrency could see a major rise before this significant event. At the time of writing, the leading cryptocurrency was trading at $68,690, very close to its previous all-time high of $69,000.</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-analyst-predicts-potential-price-surge/" data-wpel-link="internal">Bitcoin Analyst Predicts Potential Price Surge</a></h5>

Bitcoin Analyst Predicts Potential Price Surge

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