Bitcoin

Summer

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-a-dull-summer-for-bitcoin-17/" data-wpel-link="internal">Analyst Predicts a Dull Summer for Bitcoin</a><br></p>
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/bitcoin-continues-to-be-priced-below-26k-as-whales-accumulate-amid-downturn/" data-wpel-link="internal">Bitcoin</a></strong> and cryptocurrencies often receive varied assessments from analysts. Sometimes, it’s crucial to understand their statements well. Uncovering the underlying thoughts is also important. Today, an analyst provided a grass-focused assessment. The meaning is clear, but let’s delve into it.</p> 
<h2 style="text-align: justify" id="analyst-points-to-a-dull-summer-for-bitcoin">Analyst Points to a Dull Summer for Bitcoin</h2> 
<p style="text-align: justify">Analyst Inmortal X indicated the upcoming summer months in a recent assessment. He expects a dull summer for Bitcoin, painting a somewhat pessimistic picture.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-358425 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/inmortal.png" alt="" width="579" height="508"></p> 
<p style="text-align: justify">In the shared graph, the analyst foresees a journey towards $80,000, believing the summer dullness will be positive. Thus, the pessimistic outlook is replaced by some hope.</p> 
<p style="text-align: justify">The analyst’s final statement, “we all need to touch the grass,” succinctly expresses the need for a rise in Bitcoin. Since grass is green, we need green candles in Bitcoin.</p> 
<h2 style="text-align: justify" id="current-bitcoin-price">Current Bitcoin Price</h2> 
<p style="text-align: justify">While the analyst sets an $80,000 price target for Bitcoin, the current <strong>BTC</strong> price is $67,804. Despite a stagnant market, expectations lean towards a price increase for Bitcoin. Several factors shaping this price increase expectation are also emerging.</p> 
<p style="text-align: justify">According to Santiment, the increasing number of wallets holding at least 10 Bitcoins suggests a potential price rise for BTC. The trading volume in the last 24 hours is approximately $20 billion. With a market value of $1.33 trillion, Bitcoin continues to attract large corporate purchases. Recently, Nasdaq-listed Semler Scientific (SMLR) made a $40 million Bitcoin purchase.</p> 
<p style="text-align: justify">Especially after spot Bitcoin ETFs were approved, we see large <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">companies</a> comfortably engaging in the crypto <a href="https://newslinker.co/category/science/space/" target="_blank" rel="noopener" data-wpel-link="exclude">space</a>. This indicates that the institutional approval phase for BTC has long passed.</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/analyst-predicts-a-dull-summer-for-bitcoin-17/" data-wpel-link="internal">Analyst Predicts a Dull Summer for Bitcoin</a></h5>

Analyst Predicts a Dull Summer for Bitcoin

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