Bitcoin

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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-rises-to-67400-in-24-hours/" data-wpel-link="internal">Bitcoin Price Rises to $67,400 in 24 Hours</a> 
Bitcoin price climbed to $67,400 in the last 24 hours and at the time of writing, the price is above $67,000. This BTC rise, which is promising for altcoins, still hasn’t convinced some <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">investors</a>. Those worried about deeper corrections are looking at the latest market expert comments. So, what do the experts say? 
<h2 style="text-align: justify" id="will-bitcoin-drop">Will Bitcoin Drop?</h2> 
The king cryptocurrency continues to close above the important support level of $65,000. The price, which has remained below $67,000 for roughly 7 weeks, has caused significant losses in altcoins. So, what will happen next? While some experts expect a drop, a significant portion hopes to see new peaks in the middle of the uptrend. 
Crypto commentator Yoddha wrote the following on this matter: 
<blockquote> 
 “Bitcoin price is holding so strong that I don’t think there will be a deep correction.” 
</blockquote> 
Another famous crypto commentator, Rekt Capital, argues that the price, which fell by 15% from $66,421 to $56,790 on April 24, experienced a very large drop. By the end of March, the weakened risk appetite caused Bitcoin to linger below the $58,000 level for a while. 
<blockquote> 
 “We had a deep correction, we had a long correction, and when you have a mix of both, the bottom is always very close.” 
</blockquote> 
<h2 style="text-align: justify" id="crypto-expert-comments">Crypto Expert Comments</h2> 
With Bitcoin closing above $67,000, the ETH price also reclaimed $3,100. SOL Coin is hovering around the $175 mark. Experts say that reclaiming the key support level and the recent move is a trend often seen in bull markets. Crypto analyst Starbust said: 
<blockquote> 
 “Normal corrections in Bitcoin bull runs are usually bursts that result in a sharp and quick reversal.” 
</blockquote> 
The fourth <a href="https://en.coin-turk.com/current-market-conditions-continue-to-challenge-investors/" data-wpel-link="internal">crypto analyst</a> Mags pointed to the well-known Wall Street Cheat Sheet’s “Psychology of a Market Cycle” chart and wrote that we have reached the “entering belief” stage. In this stage, investors may act boldly for more gains. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-353134 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/mags-btc-yorum.png" alt="" width="1091" height="857"> 
Of course, historical <a href="https://newslinker.co/" data-wpel-link="exclude">data</a> cannot be expected to constantly repeat in the future. However, this often turns out to be true. Accordingly, BTC could achieve significant gains by mid-2025. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-rises-to-67400-in-24-hours/" data-wpel-link="internal">Bitcoin Price Rises to $67,400 in 24 Hours</a></h5>

Bitcoin Price Rises to $67,400 in 24 Hours

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