Ethereum

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-market-insights-and-predictions-2/" data-wpel-link="internal">Crypto Market Insights and Predictions</a> 
During the most challenging days of the bear markets, everyone was closely following his predictions. However, as the trend turned upward, the story of Capo’s deeper dip in November also faded. He was hard to convince of the rise, and while <a href="https://coin-turk.com/mike-novogratz-kripto-paralar-icin-olabilecek-en-iyi-sey-oldu-boga-icin-7-neden" data-wpel-link="internal">BTC</a> exceeded $50,000, he was claiming that we were experiencing the biggest bull trap in history. 
<h2 style="text-align: justify" id="crypto-expert-commentary">Crypto Expert Commentary</h2> 
<a href="https://coin-turk.com/microstrategy-ceosundan-aciklamalar-yatirimcilara-seslendi-ve-bitcoini-isaret-etti" data-wpel-link="internal">Bitcoin’s price</a> dropped to $59,600 in the early hours. Despite the noise of war triggering sell-offs in <a href="https://en.coin-turk.com/bitcoin-faces-pressure-as-spot-etfs-launch-in-the-us/" data-wpel-link="internal">BTC</a> prices, the king cryptocurrency climbed back above $65,000. It was during this drop and subsequent recovery that crypto analyst Capo wrote; 
<blockquote> 
 “We saw another sell-off below $60,000. The price then grabbed some more liquidity and bounced. Now the question is, is there a local bottom? 
 There’s still a lot of liquidity between $57,000 and $59,000, and now there are more early longs. We might see another drop to this area to grab more liquidity and shake out the early longs, but it might also not happen. 
 If you’re not talking about the war, you’re not empathizing. The market is dumping because of missiles. There will always be a story. 
 Wars are created by those in power to gain more power and satisfy their egos. They don’t care about people suffering; they only think about themselves. They also divide people into two sides. But there are only two real sides: those who create the war and those who suffer. The war has been ongoing for several weeks and was one of the potential reasons for the correction. If you chose to ignore this just because the price was rising, that’s on you. However, some tried to warn about this. So, adapting is pretty much all we can do.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-342296 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/capo-btc-grafik.jpg" alt="" width="1280" height="727"> 
<h2 style="text-align: justify" id="altcoin-expert-opinions">Altcoin Expert Opinions</h2> 
Capo expects more rises for <a href="https://en.coin-turk.com/whales-accumulate-crypto-during-market-dip/" data-wpel-link="internal">ETH</a>. Now that the halving has also occurred, the uptrend should continue strongly despite intermediate drops. The analyst’s initial target for ETH is the $3,500 area. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-342297 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/capo-eth-grafik.jpg" alt="" width="1280" height="727"> 
It might have been overlooked, but a decision on the spot <a href="https://coin-turk.com/ethereum-merge-bu-altcoini-sahlandiriyor-yeni-veriler" data-wpel-link="internal">Ethereum ETF</a> application by Ark and 21shares is due by May 23. A rejection is currently expected, but if all ETFs are approved, it would be a significant price catalyst for ETH. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-market-insights-and-predictions-2/" data-wpel-link="internal">Crypto Market Insights and Predictions</a></h5>

Crypto Market Insights and Predictions

Table of Contents

COINTURK NEWS

Other articles published on Apr 19, 2024

Insights on Bitcoin’s Fourth Halving and Its Impact on Mining

How Is Former Binance CEO Changpeng Zhao Doing Now? Co-Founder Responds to Allegations

Bitcoin Price Alert: Veteran Trader Peter Brandt Hints at Major BTC Move Ahead

BlockDAG’s Potential 30,000x ROI And Innovative Moon-Based Keynote Eclipse Avalanche’s Bull Run A...

Playbux AMA with Sarun Vichayabhai

Is Ray Dalio Becoming Bitcoin Bull?

Join our free newsletter for daily crypto updates!