Bitcoin

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Rise

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/exploring-the-potential-rise-of-altcoins-in-the-crypto-market/" data-wpel-link="internal">Exploring the Potential Rise of Altcoins in the Crypto Market</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/bitcoin-btc-madencilik-zorlugu-dustu-cin-yasaklari-etkisini-gosteriyor" data-wpel-link="internal">Bitcoin</a></strong> has not yet determined its direction after reaching a new low of $64,300. However, a popular cryptocurrency analyst has explained the expected scenario. We are examining the latest assessment of a market expert who shared his predictions for the altcoin rising season. Here’s what awaits the cryptocurrency markets.</p> 
<h2 style="text-align: justify" id="will-cryptocurrencies-rise">Will Cryptocurrencies Rise?</h2> 
<p style="text-align: justify"><a href="https://coin-turk.com/elon-musk-bir-kez-daha-dogrulandi-kripto-paralarda-00-buyume" data-wpel-link="internal">Altcoin</a> season is a term used for periods when assets other than <strong><a href="https://en.coin-turk.com/bitcoin-sees-notable-rise-analysts-weigh-in/" data-wpel-link="internal">BTC</a></strong> perform much better. The popular <strong>cryptocurrency commentator</strong> Moustache has taken a look at the total value graph of cryptocurrencies in his latest market assessment. He says that TOTAL2 has completed the ABC correction stages of the Wyckoff Method and now the moment of breakout is approaching.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-344171 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/Moustache-altcoin-sezonu-tahmin.jpeg" alt="" width="1200" height="588"></p> 
<p style="text-align: justify">The same analyst wrote the day before that TOTAL2 had escaped from a falling wedge in the monthly chart and could experience a performance similar to that seen during the 2020-2021 market cycle. Both predictions indicate that an impressive rally for altcoins is about to start.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-344172 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/altcoin-sezonu-ne-zaman.webp" alt="" width="1194" height="1270"></p> 
<h3 style="text-align: justify" id="lark-davis-on-altcoins">Lark Davis on Altcoins</h3> 
<p style="text-align: justify">Another cryptocurrency analyst, Lark Davis, points out that the altcoin market value has reclaimed support provided by the 50-day exponential moving average while looking at TOTAL2. Even if the market briefly falls below this level in the short term, the MACD confirms the expectation of a rise.</p> 
<blockquote> 
 <p style="text-align: justify">“With the MACD crossover moving upwards, we might be on the brink of something big.”</p> 
</blockquote> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-344173 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/lark-davis-yorum.png" alt="" width="1437" height="897"></p> 
<h3 style="text-align: justify" id="daan-crypto-trades">Daan Crypto Trades</h3> 
<p style="text-align: justify">Our third analyst is not so optimistic. Known for his cautious comments, Daan <a href="https://en.coin-turk.com/key-crypto-currencies-to-watch-this-week/" data-wpel-link="internal">Crypto</a> Trades says sentiment towards altcoins is “quite low” and investors are starting to become pessimistic. According to the Blockchain Center’s altcoin season index, we still cannot see a strong positive divergence in assets other than BTC.</p> 
<p style="text-align: justify">In a real altcoin season, the top 50 cryptocurrencies need to perform better than <strong><a href="https://en.coin-turk.com/understanding-bitcoins-inflationary-supply-impact-on-its-market-value/" data-wpel-link="internal">Bitcoin</a></strong> for 90 days. However, these days if BTC falls by 1, the biggest altcoins fall by 1.5, and the situation is not really indicative of an altcoin season.</p> 
<p style="text-align: justify"><img loading="lazy" decoding="async" loading="lazy" class="size-full wp-image-344174 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/altcoin-sezonu-endeks-.png" alt="" width="1592" height="770"></p> 
<p style="text-align: justify"><strong>BTC price</strong> has not yet returned to a safe area like $69,000. Investors are worried because a potential rapid drop in BTC price to $51,000 could lead to losses that won’t give altcoins a chance to escape.</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/exploring-the-potential-rise-of-altcoins-in-the-crypto-market/" data-wpel-link="internal">Exploring the Potential Rise of Altcoins in the Crypto Market</a></h5>

Exploring the Potential Rise of Altcoins in the Crypto Market

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