Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-bitcoins-potential-price-surge/" data-wpel-link="internal">Analyst Predicts Bitcoin’s Potential Price Surge</a><br></p>
<p style="text-align: justify">In the <a href="https://en.coin-turk.com/bitcoin-faces-potential-losses-after-recent-surge/" data-wpel-link="internal">cryptocurrency market</a>, we can say that Bitcoin’s price is continuing a range-bound movement. This movement seems likely to continue until Bitcoin surpasses the $73,000 level. Once Bitcoin surpasses its previous peak and starts moving towards new highs, we will stop talking about range-bound and stagnant price movements. Today, an analyst shared on X the price levels he is observing for Bitcoin. Let’s look at the analyst’s comments.</p> 
<h2 style="text-align: justify" id="bitcoin-prepares-for-a-new-price-increase">Bitcoin Prepares for a New Price Increase</h2> 
<p style="text-align: justify">The world’s leading cryptocurrency Bitcoin (BTC) has been in a consolidation phase for about 100 days. This means its price has been fluctuating within a certain range, experiencing neither significant gains nor dramatic losses. However, analyst Jelle now foresees a potential breakout followed by a price increase.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-359033 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/jelle.png" alt="" width="561" height="685"></p> 
<p style="text-align: justify">There are also positive signs indicating that Bitcoin, the flagship of cryptocurrencies, might enter a new upward trend. Proponents of this view point to the long consolidation period as a sign of accumulated buying pressure. During consolidation, <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> might be accumulating Bitcoin in anticipation of <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">future</a> price increases. When the price breaks above the consolidation range, it could trigger an increase in buying activity, pushing the price even higher.</p> 
<h2 style="text-align: justify" id="analyst-jelle-points-to-85-000">Analyst Jelle Points to $85,000</h2> 
<p style="text-align: justify">Some analysts mention specific price targets. One of these analysts, Jelle, has a particular level he is observing. This target is the $85,000 level, which would represent a significant jump from the current price for the cryptocurrency Bitcoin.</p> 
<p style="text-align: justify">The analyst considers surpassing this level as critical. According to Jelle, if this happens, as indicated by the arrow on the chart, the cryptocurrency BTC will also surpass $90,000. The fact that the analyst has set a target at this stage shows that expectations in the cryptocurrency market are strong.</p> 
<p style="text-align: justify">At this stage, if buying pressure increases and technical indicators turn bullish, we could see Bitcoin entering its next upward phase. At the time of writing, Bitcoin’s price is just below $69,000. BTC is at the level of $68,967.</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-bitcoins-potential-price-surge/" data-wpel-link="internal">Analyst Predicts Bitcoin’s Potential Price Surge</a></h5>

Analyst Predicts Bitcoin’s Potential Price Surge

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