Future

Bitcoin

when

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-analyst-predicts-bitcoins-future-movements/" data-wpel-link="internal">Crypto Analyst Predicts Bitcoin’s Future Movements</a> 
One of the famous crypto commentators gave important signals about the markets in his latest assessment. At the time of writing, Bitcoin’s price is hovering at $67,600. It was a relatively calm day for altcoins. The recent price drop triggered sales of up to 4% in some altcoins. So, what does the <a href="https://en.coin-turk.com/expectations-for-solana-sol-avalanche-avax-and-chiliz-chz-coins-in-the-medium-term/" data-wpel-link="internal">crypto analyst</a> say <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> are missing? 
<h2 style="text-align: justify" id="crypto-analyst-s-prediction">Crypto Analyst’s Prediction</h2> 
Crypto analyst Jason Pizzino mentioned the average true range (ATR) indicator for BTC in his latest market assessment. The local bottom in this indicator has historically served as a trigger for price consolidation and rise. The analyst believes the same will happen again, indicating that BTC’s hidden movements might signal the last moments for a rise. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-358627 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/jason-btc-tahmini.png" alt="" width="1620" height="871"> 
According to the analyst, if the crypto king continues to hold above $56,000 to $60,000, the next thing will be an all-time high. Pizzino cites the Bitcoin rally witnessed during the early days of the Covid-19 pandemic as an example of the hidden movement he mentioned. 
<blockquote> 
 “If we had entered the $1,500 to $2,000 region (for ATR) per day and Bitcoin was still roughly setting higher lows or maintaining the $56,000 to $60,000 level, it could have been a sign that we are ready to bounce back and go higher. 
 All this Covid movement was the longest so far, about 222 days, and I measure it from the lowest point to that breakout day. 
 More importantly, that day was a day when the peaks were broken, meaning you can see the peaks here at around $12,000. So the hidden movement – higher lows, higher lows, higher lows (and) range – lower lows, lower lows, lower lows, thus absorbing supply and people are still selling into it.” 
</blockquote> 
<h2 style="text-align: justify" id="will-altcoins-rise">Will Altcoins Rise?</h2> 
The chart measuring the total value of all cryptocurrencies except BTC, ETH, and stablecoins is called TOTAL3. The analyst believes we might be on the verge of a significant breakout here as well. Reminding the breakout in 2020, the expert said the following about it; 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-358628 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/jason-altcoin-tahmin.png" alt="" width="1637" height="900"> 
<blockquote> 
 “I want to show you the hidden movement in the total crypto market value excluding Bitcoin and ETH, meaning this is for all altcoins… This is just a mindset, market sentiment (here) shows signs of dying, which to me is more of a hidden (bullish signal) movement.” 
</blockquote> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-analyst-predicts-bitcoins-future-movements/" data-wpel-link="internal">Crypto Analyst Predicts Bitcoin’s Future Movements</a></h5>

Crypto Analyst Predicts Bitcoin’s Future Movements

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