FOMC

Bitcoin

Captain

View

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-surge-expert-warns-of-potential-sell-off-at-71000/" data-wpel-link="internal">Bitcoin Price Surge: Expert Warns of Potential Sell-Off at $71,000</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/bitcoin-buyuk-cokus-noktasi-deneyimli-isimden-panik-satisi-uyarisi" data-wpel-link="internal">Bitcoin</a> (<a href="https://coin-turk.com/bitcoin-yeniden-10-000-dolari-zorlamaya-basladi" data-wpel-link="internal">BTC</a>)</strong> price maintains its upward trend, and expectations within the cryptocurrency community are growing. The market sentiment continues positively into the week, especially with significant US inflation data and FOMC minutes on the horizon. Here are the details!</p> 
<h2 style="text-align: justify" id="analyst-s-view-on-bitcoin">Analyst’s View on Bitcoin</h2> 
<p style="text-align: justify">However, following the optimism, a leading analyst issued a warning about potential volatility, especially if <strong><a href="https://en.coin-turk.com/the-eternal-rivalry-between-bitcoin-and-gold-projections-for-2024/" data-wpel-link="internal">Bitcoin</a></strong> approaches the $71,000 mark. Experts predict an increase in investors’ risk appetite, which has revived momentum in Bitcoin’s price today, energizing the market. Yet, despite the rise, a popular cryptocurrency market analyst’s recent warning has dampened sentiment.</p> 
<p style="text-align: justify">Despite the recent surge in Bitcoin’s price, warnings emerge about significant liquidation potential if <a href="https://en.coin-turk.com/bitcoin-price-surges-ahead-of-halving-miners-and-etf-impact-in-focus/" data-wpel-link="internal">BTC</a> exceeds $71,000. Leading <strong>cryptocurrency</strong> market analyst Ali Martinez highlighted the risk, noting that approximately $72 million in liquidations could occur at this price point. This warning underscores the market’s fragility and the need for investors to be cautious as <strong>Bitcoin</strong> approaches critical levels. Senior analyst Ali Martinez commented on the issue:</p> 
<blockquote> 
 <p>There are a lot of sellers in this recent downturn. Now, if Bitcoin rises to $70,875, about $72 million will be liquidated!</p> 
</blockquote> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-338617 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/analist-1.jpg" alt="" width="1570" height="732"></p> 
<h2 style="text-align: justify" id="critical-warning-for-btc">Critical Warning for BTC</h2> 
<p style="text-align: justify">The expert’s warning serves as a reminder of the potential consequences of rapid price movements in the cryptocurrency market and calls for investors to be cautious. Despite Ali Martinez’s cautionary advice, another market expert maintains a bullish outlook on Bitcoin’s price potential. Captain Faibik, a prominent figure in the cryptocurrency world, predicted an all-time high for Bitcoin.</p> 
<p style="text-align: justify">Furthermore, Faibik, pointing to a bullish flag formation on the daily time frame chart, suggests that breaking the $70,000 resistance level could propel Bitcoin to unprecedented levels. This optimistic perspective offers a contrasting view to Martinez’s cautionary tone, reflecting the diverse range of opinions within the <strong>cryptocurrency</strong> community. At the time of writing, Bitcoin’s price has seen a 0.64% increase over the last 24 hours, trading at $69,743.67, with the trading volume also rising by 3.55% to $20.87 billion.</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-surge-expert-warns-of-potential-sell-off-at-71000/" data-wpel-link="internal">Bitcoin Price Surge: Expert Warns of Potential Sell-Off at $71,000</a></h5>

Bitcoin Price Surge: Expert Warns of Potential Sell-Off at $71,000

Table of Contents

COINTURK NEWS

Other articles published on Apr 8, 2024

The Soft Side of Crypto How Koala Coin Outshines Tron and Render

Arbitrum (ARB) Reclaims Key Support. Can Buyers Mount a Comeback?

Bitcoin Miners Struggle to Maintain Operations Ahead of the Halving

Next Cryptocurrency To Explode Monday, April 8 – Ankr, NEAR Protocol, Lido DAO

Tether (USDT) Stability Meets Koala Coin (KLC) Excitement for USD Coin (USDC) Users Exploring New...

Blue Sky Miner Unveils Groundbreaking Free Cloud Mining Service to Empower Global Crypto Earners

Join our free newsletter for daily crypto updates!