Bitcoin ETF

Bitcoin

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-investors-witness-price-fluctuations-in-altcoins/" data-wpel-link="internal">Crypto Investors Witness Price Fluctuations in Altcoins</a> 
For cryptocurrency <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>, the relatively calm weekend resulted in sideways and downward movements in altcoins. Investors are feeling demoralized, but it should not be overlooked that many cryptocurrencies have reached bottom supports. Typically, after such downturns, interim rises occur. Historical data also confirms that the recent losses are not very surprising. 
<h2 style="text-align: justify" id="bitcoin-btc">Bitcoin (BTC)</h2> 
Since June 13, we have seen continuous and rapid exits in the spot <a href="https://en.coin-turk.com/analyst-observes-low-volatility-in-bitcoin-market/" data-wpel-link="internal">Bitcoin</a> ETF channel. Analyst Willy Woo says weak miners continue to be sidelined after the halving event. According to him, the hashrate will return once these sales and <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">device</a> shutdowns are completed. The price is also expected to recover with the miner processing power. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-364384 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/BTC-fiyat-tahmin-1.png" alt="" width="1406" height="783"> 
BTC lost the $64,602 support on June 21, but bears could not see the desired bottoms due to lower-level purchases. Moving averages can be reclaimed. If such a reversal happens, bulls need to gain momentum towards $70,000 and make new attempts between $72,000 and $73,777. Perhaps we are in the last consolidation period before surpassing the all-time high price. 
In the opposite scenario, the decline will continue to $60,000. This could have devastating results for altcoins. It is significant that bears aiming for closures below $63,379 have not succeeded for now. 
<h2 style="text-align: justify" id="ton-coin-price-prediction">TON Coin Price Prediction</h2> 
One of the popular altcoins of recent times, along with NOT Coin, has made quite an impact. Pantera’s announcement to increase TON Coin investments was also significant. The $7.67 resistance is a key area for a rise here. If there are closures above it, we could see the rally continue up to $8.29. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-364385 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/TON-Coin-0.png" alt="" width="1401" height="787"> 
If the price falls and we see closures below $6.6, the head and shoulders pattern will be completed. This would signal larger losses for TON Coin. If the negative scenario occurs, sales could continue down to $4.91. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-364386 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/TON-Coin-1.png" alt="" width="1403" height="787"> 
In the four-hour chart, bears trying to pull the price below the uptrend line multiple times could not initiate a downward move. We might see strong sales between $7.67 and $8.29. This indicates that the $10 target is challenging. There is also a risk of a drop to $6.6 in the four-hour chart. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-investors-witness-price-fluctuations-in-altcoins/" data-wpel-link="internal">Crypto Investors Witness Price Fluctuations in Altcoins</a></h5>

Crypto Investors Witness Price Fluctuations in Altcoins

Table of Contents

COINTURK NEWS

Other articles published on Jun 23, 2024

Vitalik Buterin Defends The Persistent Idealism Of The Crypto Industry

Mina Coin Partners with Mirae Asset

Angry Pepe Fork (APORK) Witnesses Whale Buying Frenzy While These Two Altcoins Stand Out

Understanding the Bitcoin ETF Outflows: Perspectives from BlackRock and Fidelity

Bitcoin's Rivals: 4 Cryptos to Outperform

Polygon Price Prediction: Is the MATIC Price Going to Zero?

Join our free newsletter for daily crypto updates!