Bitcoin

when

April

Sherpa

<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-surge-3/" data-wpel-link="internal">Analyst Predicts Bitcoin’s Potential Surge</a><br></p>
<p style="text-align: justify">The price of Bitcoin surged to $69,900 following the inflation <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> release but then declined. It initially dropped to $68,000 and then to $66,300 after the FED’s <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">interest rate</a> decision. Amid these market fluctuations, analysts’ price predictions have garnered attention.</p> 
<h2 style="text-align: justify" id="how-much-is-bitcoin-in-tl">How Much is Bitcoin in TL?</h2> 
<p>One closely followed <a href="https://en.coin-turk.com/polkadot-dot-faces-a-challenging-market-as-death-cross-emerges/" data-wpel-link="internal">crypto analyst</a> predicts that Bitcoin (BTC) could reach six-figure prices in the short to medium term.</p> 
<p style="text-align: justify">Altcoin Sherpa, a well-known crypto analyst and trader, made significant statements on X. Sherpa suggested that Bitcoin could move above $100,000 “towards the end of this year,” implying at least a 48% potential gain from its current price.</p> 
<p style="text-align: justify">According to Altcoin Sherpa, Bitcoin, the undisputed market leader, finds buyers between the low of $56,000 and its all-time high of $73,600.</p> 
<blockquote> 
 <p>Everything between $56,000 and $73,600 is just noise. We are still experiencing high timeframe uptrends and low timeframe downtrends.</p> 
</blockquote> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-362226" src="https://coin-turk.com/wp-content/uploads/2024/06/btc-kac-dolar-coin-turk-com.png" alt="" width="917" height="516"></p> 
<p style="text-align: justify">As of the time of writing, Bitcoin is trading at $66,632, reflecting a 2.13% drop in the last 24 hours. In the BTC/TRY pair, the price is seen at 2,152,000 TL.</p> 
<h2 style="text-align: justify" id="analyst-s-bitcoin-prediction">Analyst’s Bitcoin Prediction</h2> 
<p style="text-align: justify">Altcoin Sherpa also highlighted the importance of the 200 exponential moving average (EMA) on the four-hour timeframe for understanding BTC’s price direction.</p> 
<blockquote> 
 <p>Typically, when the price is above it, it acts as support; when below, as resistance. You’ll often see it trading below after briefly acting as support (see March 20 and April 2). I am betting on this timeframe. I think we will bounce here…</p> 
</blockquote> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-362227" src="https://coin-turk.com/wp-content/uploads/2024/06/btc-kac-tl-coin-turk-com.png" alt="" width="922" height="511"></p> 
<p style="text-align: justify">Sherpa also shared his views on altcoins, stating that their price changes would parallel Bitcoin’s movements.</p> 
<blockquote> 
 <p style="text-align: justify">In the short term, things look bad, but I feel that strong altcoins will still experience significant gains when Bitcoin surpasses its all-time high. I have no idea when this will happen. However, I strongly believe BTC will achieve this within the next six months. And when altcoins finally start to bounce, the strongest ones will move the hardest (probably still memes).</p> 
</blockquote> 
<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-surge-3/" data-wpel-link="internal">Analyst Predicts Bitcoin’s Potential Surge</a></h5>

Analyst Predicts Bitcoin’s Potential Surge

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