Bitcoin

Rise

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/altcoins-experience-a-new-rise-as-btc-nears-69000/" data-wpel-link="internal">Altcoins Experience a New Rise as BTC Nears $69,000</a><br></p>
<p style="text-align: justify">The resurgence period for altcoins has begun, and <strong>BTC</strong> continues to find buyers near the $69,000 mark. The increase in Bitcoin’s price at the time of writing has turned altcoins green again. AVAX, CHZ, <a href="https://en.coin-turk.com/critical-report-from-santiment-to-ripple-xrp-this-data-is-valuable/" data-wpel-link="internal">XRP</a>, DOGE, and many other cryptocurrencies are continuing the day with a rise, albeit weak.</p> 
<h2 style="text-align: justify" id="gala-coin-price-prediction">GALA Coin Price Prediction</h2> 
<p style="text-align: justify">The key for the current outlook is that the latest <strong>BTC</strong> rise does not turn into a trap like the others. If Bitcoin can maintain its closing above $67,500, this scenario could lead to a new test at $73,777 and double-digit increases in altcoins. GALA quickly climbed from $0.043 to $0.0468 today. At the time of writing, it had increased its gains to 8%.</p> 
<p style="text-align: justify">Since May 16, transactions of $100,000 or $1 million, i.e., whale activity, have been extremely weak. At the same time, weighted sentiment dropped to negative levels, so <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> did not expect a rally like today’s. CMF also did not signal a rally. In short, technical indicators do not always give accurate results. If this rise had not occurred, experts would have predicted a decline for GALA Coin based on these indicators. However, the opposite is happening at the time of writing.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-353697 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/GALAUSDT_2024-05-20_21-57-28.png" alt="" width="1815" height="836"></p> 
<p style="text-align: justify">For those calling for a price increase, closures above $0.0477 are currently needed. If this hurdle can also be overcome, the <strong>GALA Coin price</strong> could target the $0.0527 and $0.0615 regions. In case of a possible rejection, the target could be a gradual decline to $0.0397.</p> 
<h2 style="text-align: justify" id="xrp-coin-price-prediction">XRP Coin Price Prediction</h2> 
<p style="text-align: justify">The $0.506 support was maintained by the bulls, and <strong>XRP Coin</strong> is preparing to test $0.53 again. If successful at this point, the parallel channel resistance in the $0.57-$0.58 range, which we have discussed many times, will be surpassed, and the route targeting $0.74 will be activated. Of course, for this to happen, the middle area of the parallel channel at $0.67 must be surpassed. For now, there is nothing major on the Ripple front.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-353699 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/XRPUSDT_2024-05-20_21-59-22.png" alt="" width="1814" height="836"></p> 
<h2 style="text-align: justify" id="chz-coin-price-prediction">CHZ Coin Price Prediction</h2> 
<p style="text-align: justify">It struggled a lot but eventually gave up. Although the bulls worked hard to maintain higher levels as the <strong>BTC price</strong> fluctuated, they could not succeed. Therefore, while BTC is running to new peaks, <strong>CHZ Coin</strong> is below the $0.122 threshold.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-353701 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/CHZUSDT_2024-05-20_22-00-56.png" alt="" width="1815" height="836"></p> 
<p style="text-align: justify">For a real comeback, closures above $0.128 should target the $0.14 and $0.17 thresholds. CHZ Coin could start a surprise rally.</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/altcoins-experience-a-new-rise-as-btc-nears-69000/" data-wpel-link="internal">Altcoins Experience a New Rise as BTC Nears $69,000</a></h5>

Altcoins Experience a New Rise as BTC Nears $69,000

Table of Contents

COINTURK NEWS

Other articles published on May 20, 2024

Ethereum (ETH) Nears Key Breakout, Eyes $4,000 Target

PlanB Highlights Bitcoin’s 2024 Bull Market

The 3 Best Cryptos to Buy Before the NFT Market Booms

VALR Expands Services with TRON Network Support and New TRX Staking Product (20 May)

Bitcoin and Cardano Skyrocket With 716% Increase in Fund Flows

Analyst Sees Ethereum’s Price Surge

Join our free newsletter for daily crypto updates!