Bitcoin

April

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-surges-above-64000-as-altcoins-seek-recovery/" data-wpel-link="internal">Bitcoin Surges Above $64,000 as Altcoins Seek Recovery</a> 
<a href="https://coin-turk.com/xrp-davasindan-red-karari-xrp-yatirimcilarinin-beklemekten-baska-caresi-kalmadi" data-wpel-link="internal">Altcoin</a> projects are searching for recovery while <a href="https://en.coin-turk.com/bitcoin-and-altcoins-will-we-see-the-expected-rise/" data-wpel-link="internal">Bitcoin</a> managed to rise above $64,000 before the April 28 weekly close. Data from TradingView followed stronger Bitcoin price momentum over the weekend. After hitting a weekly low of $62,400, the BTC/USD pair reversed and continued trading around $63,700 at the time of writing. 
<h2 class="p1" style="text-align: justify" id="what-s-happening-on-the-bitcoin-front">What’s Happening on the Bitcoin Front?</h2> 
<a href="https://en.coin-turk.com/great-news-for-dydx-investors/" data-wpel-link="internal">Altcoin</a> projects also performed well in off-hours trading, with the total <a href="https://coin-turk.com/elon-musk-canli-yayinda-dogecoin-doge-hakkinda-mi-konusacak" data-wpel-link="internal">altcoin</a> market value increasing by about 1% during the day. Popular analyst Skew referred to recent market models via X, stating: 
<blockquote> 
 “Altcoin projects made a nice rise but still need to break the tendency to set the highest levels of the week from Monday to Tuesday.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-345541 size-full" src="https://coin-turk.com/wp-content/uploads/2024/04/total-altcoin.webp" alt="" width="1054" height="751"> 
Skew still suspected that selling pressure could interfere around high levels, preventing bulls from moving much higher. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-345540" src="https://coin-turk.com/wp-content/uploads/2024/04/skew.webp" alt="" width="500" height="418"> 
Continuing his comments on altcoin projects, trader and commentator Moustache was eager to predict that a significant altcoin season could be entering, which could rival anything seen since the market’s all-time highs in 2017. 
The famous analyst argued that the monthly dominance chart of the largest stablecoin Tether, which attempted to recover after falling below a rising trend line this year, was just a retrospective test, commenting: 
<blockquote> 
 “When USDT.D falls, altcoin projects rise. The biggest Altseason since 2017 is loading.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-345539 size-full" src="https://coin-turk.com/wp-content/uploads/2024/04/tether.jpg" alt="" width="2048" height="1047"> 
<h2 class="p1" style="text-align: justify" id="comments-on-bitcoin-from-prominent-figures">Comments on Bitcoin from Prominent Figures</h2> 
Many crypto analysts awaited the start of TradFi transactions, including Bitcoin futures, for more clues on the direction of the crypto market. Daan <a href="https://en.coin-turk.com/famous-analyst-reveals-new-crypto-predictions/" data-wpel-link="internal">Crypto</a> Trades told his followers via X that the weekend price action has been very good so far, stating: 
<blockquote> 
 “We are doubtful of seeing any significant movement in Bitcoin until CME reopens.” 
</blockquote> 
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter wp-image-345538 size-full" src="https://coin-turk.com/wp-content/uploads/2024/04/daan-crypto.jpg" alt="" width="1350" height="766"> 
Despite consolidating in a range below the all-time highs of the previous cycle, Bitcoin did not disappoint. Investor Alan Tardigrade found the monthly BTC/USD pair promising, stating: 
<blockquote> 
 “On the monthly chart, Bitcoin still stands above the triangle’s peak, indicating a bullish trend. A long and solid bull run needs consolidation to build.” 
</blockquote> 
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter wp-image-345537 size-full" src="https://coin-turk.com/wp-content/uploads/2024/04/nasdaq-scaled.jpg" alt="" width="2560" height="1247"> 
An accompanying graph compared Bitcoin to the pre-breakout period of the Nasdaq Composite Index (IXIC) in 2013. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-surges-above-64000-as-altcoins-seek-recovery/" data-wpel-link="internal">Bitcoin Surges Above $64,000 as Altcoins Seek Recovery</a></h5>

Bitcoin Surges Above $64,000 as Altcoins Seek Recovery

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