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-2/" data-wpel-link="internal">Analyst Predicts Bitcoin’s Potential Price Surge</a><br></p>
<p style="text-align: justify">Bitcoin’s price experienced a decline after March, leading to a volatile price movement. Until two weeks ago, the price continued to trade around $70,000 but then faced a significant drop. After the decline, the price fell to $58,500, causing great uncertainty in the market. Although the market showed a positive outlook on Monday, indicators reversed today. Despite this, an analyst’s positive views have drawn attention in the market.</p> 
<h2 style="text-align: justify" id="analyst-s-bitcoin-comments">Analyst’s Bitcoin Comments</h2> 
<p style="text-align: justify">One of the closely followed analysts in the crypto world mentioned that Bitcoin’s consolidation at the $60,000 level could continue for a few more months, emphasizing that BTC could experience a noticeable rise after this period.</p> 
<p style="text-align: justify">Analyst <strong>Jason Pizzino</strong> highlighted in his YouTube statements that difficulties might continue before the expected significant upward price movement for Bitcoin.</p> 
<p style="text-align: justify">The <a href="https://en.coin-turk.com/bitcoin-polkadot-and-polygon-matic-price-predictions-for-august-26-31/" data-wpel-link="internal">crypto analyst</a> recalled 2023 for BTC, emphasizing that the price followed a similar path before experiencing a threefold increase.</p> 
<blockquote> 
 <p>This significant rise will shock many people. Look at what happened the last time Bitcoin rose for about seven months: from March to the breakout in October (2023). A seven-month significant rise led to a substantial increase from $25,000 to $74,000. I’m not saying it has to be the same percentages. I’m just talking about a significant movement pushing the price quite hard. I don’t know if it will be a straight line like the last cycle. It could be a big rise, a pullback, and then another rise.</p> 
</blockquote> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-367348" src="https://coin-turk.com/wp-content/uploads/2024/07/analist-btc-1-coin-turk-com.png" alt="" width="937" height="571">Pizzino also emphasized that BTC’s current price movements show parallels with those during the 2016-2017 bull run. In 2016, BTC showed slow movements in the early stages of the <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">bull market</a> but later exhibited an upward movement that paved the way for a historic rise.</p> 
<p style="text-align: justify">Pizzino made the following statement on the subject:</p> 
<blockquote> 
 <p>If this happens again or in a similar way, not exactly the same, there could be a nice big extension of green for three, four, maybe even five quarters.</p> 
</blockquote> 
<h2 id="img-loading-lazy-loading-lazy-decoding-async-class-aligncenter-size-full-wp-image-367349-src-https-coin-turk-com-wp-content-uploads-2024-07-analist-btc-2-coin-turk-com-png-alt-width-923-height-586"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-367349" src="https://coin-turk.com/wp-content/uploads/2024/07/analist-btc-2-coin-turk-com.png" alt="" width="923" height="586"></h2> 
<h2 style="text-align: justify" id="how-much-is-bitcoin-now">How Much is Bitcoin Now?</h2> 
<p style="text-align: justify">BTC’s price fell from the $63,000 level it reached yesterday. After a 1.86% price drop in the last 24 hours, it is trading at $61,877.</p> 
<p style="text-align: justify">Following the price change, the market cap also fell to $1.220 trillion. The 24-hour trading volume, after a drop of over 11%, is at $22 billion, indicating a decrease in market interest.</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-2/" data-wpel-link="internal">Analyst Predicts Bitcoin’s Potential Price Surge</a></h5>

Analyst Predicts Bitcoin’s Potential Price Surge

Table of Contents

COINTURK NEWS

Other articles published on Jul 2, 2024

SEC Accepts Hashdex’s Crypto ETF Application

Solciety’s PolitiFi Meme Coin Presale Raises $600K+ in First Two Weeks (2 Jul)

Fretting Where to Invest? Investors Ditch Ripple, Internet Computer to Sign Up for Qubetics White...

Opal Group Announces the Family Office & Private Wealth Management Forum 2024

Solana To Become The Third-Largest Crypto In The World This Year

Bitcoin traders say BTC’s trend change potential rests at $65K

Join our free newsletter for daily crypto updates!