Future

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-bitcoin-trends-and-market-activity/" data-wpel-link="internal">Analyst Predicts Bitcoin Trends and Market Activity</a><br></p>
<p style="text-align: justify"><strong>Critical days</strong> seem to have begun for Bitcoin. As the Fed’s <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">interest rate</a> decision is eagerly awaited, speculations about market movements continue. Analysts’ comments during this period also hold significant importance. A prominent analyst, known for his predictions, has once again drawn attention with his comments on Bitcoin’s <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">future</a>. So, what does the analyst think will happen with Bitcoin?</p> 
<h2 style="text-align: justify" id="analyst-s-bitcoin-commentary">Analyst’s Bitcoin Commentary</h2> 
<p style="text-align: justify">A well-known market analyst has once again commented on Bitcoin. As declines continue in the <a href="https://en.coin-turk.com/ftx-activates-customer-information-request-screen/" data-wpel-link="internal">crypto market</a> ahead of the Fed’s interest rate decision, Bitcoin (BTC) continues to see outflows from exchanges. Analyst Ali Martinez shared his views on Bitcoin in a post.</p> 
<p style="text-align: justify"><strong>Martinez</strong> revealed in his post that approximately 22,647 BTC, valued at around $1.57 billion, were withdrawn from crypto exchanges to wallets over the past week.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-361321" src="https://coin-turk.com/wp-content/uploads/2024/06/ali-martinez-4-btc-coin-turk-com.png" alt="" width="921" height="520"></p> 
<p style="text-align: justify">Martinez also highlighted an important point, noting that the number of Bitcoin addresses conducting daily transactions recently broke the downtrend that started on March 5, and added:</p> 
<blockquote> 
 <p>Within 24 hours, 765,480 BTC addresses were active. This increase in network activity is a positive sign for the continuation of the BTC bull run.</p> 
</blockquote> 
<h2 style="text-align: justify" id="img-loading-lazy-loading-lazy-decoding-async-class-aligncenter-size-full-wp-image-361322-src-https-coin-turk-com-wp-content-uploads-2024-06-ali-martinez-3-coin-turk-com-png-alt-width-920-height-441"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-361322" src="https://coin-turk.com/wp-content/uploads/2024/06/ali-martinez-3-coin-turk-com.png" alt="" width="920" height="441"></h2> 
<h2 style="text-align: justify" id="bitcoin-s-future">Bitcoin’s Future</h2> 
<p style="text-align: justify">The analyst mentioned that Bitcoin is “anchored in a strong support zone” between $69,380 and $67,350, but BTC has now fallen below these levels. In this zone, 1.97 million address holders had purchased 964,000 BTC, and these addresses are currently at a loss.</p> 
<p style="text-align: justify">Martinez made the following statement on the matter:</p> 
<blockquote> 
 <p>It is crucial for BTC to maintain this level to sustain its upward momentum.</p> 
</blockquote> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-361323" src="https://coin-turk.com/wp-content/uploads/2024/06/ali-martinez-2-coin-turk-com.png" alt="" width="920" height="312"></p> 
<p style="text-align: justify">The analyst also shared a chart showing Bitcoin’s cumulative value days (CVDD). This metric examines the price value at which each Bitcoin was transacted, considering the time elapsed since the last transaction.</p> 
<p style="text-align: justify">According to Martinez, the CVDD indicator he shared points to the next Bitcoin peak level at $89,200.</p> 
<p style="text-align: justify"><img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-361324" src="https://coin-turk.com/wp-content/uploads/2024/06/ali-martinez-1-coin-turk-com.png" alt="" width="921" height="512"></p> 
<p style="text-align: justify">As of the time of writing, Bitcoin is trading at $66,400 after a drop of over 5% in the last 24 hours. Following the price drop, the market cap fell to $1.3 trillion, while the trading volume surpassed $36 billion after a 95% increase.</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-bitcoin-trends-and-market-activity/" data-wpel-link="internal">Analyst Predicts Bitcoin Trends and Market Activity</a></h5>

Analyst Predicts Bitcoin Trends and Market Activity

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