Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-trends-and-expert-predictions/" data-wpel-link="internal">Bitcoin Price Trends and Expert Predictions</a> 
<a href="https://coin-turk.com/glassnodedan-bitcoine-btc-rapor-boga-dongusu-verileri" data-wpel-link="internal">Bitcoin</a> price stands at $63,900 as this article is prepared, with volatility remaining strong. On the other hand, a popular analyst drawing a positive scenario from the technical side indicates potential rises. What could the scenario he predicts for <a href="https://en.coin-turk.com/robert-kiyosaki-raises-bitcoin-prediction-to-150000-amid-etf-speculations/" data-wpel-link="internal">Bitcoin</a> mean for cryptocurrencies in general? 
<h2 style="text-align: justify" id="bitcoin-btc-expert-forecast">Bitcoin (BTC) Expert Forecast</h2> 
Bitcoin price forming a bull flag on the daily chart has caught the attention of popular crypto analyst Mikybull. He writes about this formation, which could be an early signal for a rapid rise period expected after the halving; 
<blockquote> 
 “Bitcoin is forming a bull continuation pattern on the daily chart. According to Wyckoff’s law of cause and effect, ‘the longer the consolidation, the stronger the rise will be’.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-345031 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/MikybullCryptou.jpeg" alt="" width="1946" height="1105"> 
Denis Baca, an analyst at Zivoe, also believes the current chart shows strong signals for a rise; 
<blockquote> 
 “We see a bull flag on Bitcoin’s daily chart, historically indicating more potential for a rise. It is shaping up nicely after a solid rally, and decreasing volume hints at a pause before potentially journeying to $100,000.” 
</blockquote> 
If Bitcoin price reaches six-figure levels, it will mean massive gains for altcoins. 
<h2 style="text-align: justify" id="crypto-expert-reviews">Crypto Expert Reviews</h2> 
The third professional crypto analyst is Andrey Stoychev, who is among the managers at Nexo. According to him, due to a lack of significant catalysts, it is unlikely we will see impressive movements in Bitcoin price, and thus in cryptocurrencies in general. 
<blockquote> 
 “After testing $64,000 multiple times throughout the day, the price fluctuates only to confirm it as a resilient support. Nevertheless, Bitcoin only sees strong sales at $67,000. To overcome this barrier, we need a stronger catalyst.” 
</blockquote> 
The May 1st Fed meeting could trigger a significant break. This year, inflation and PCE data, weakening the US economy, put the Fed in a tough spot. If the Fed continues to keep interest rates at their peak, it will further worsen economic growth. However, if it cuts rates, it would have to postpone the 2% inflation target for years to come. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-trends-and-expert-predictions/" data-wpel-link="internal">Bitcoin Price Trends and Expert Predictions</a></h5>

Bitcoin Price Trends and Expert Predictions

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