Bitcoin

Edge

Rekt

Higher

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/experts-predict-bitcoin-price-movements/" data-wpel-link="internal">Experts Predict Bitcoin Price Movements</a> 
The ongoing process for <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> has become increasingly tedious, with many altcoins halving in value. BTC attempted a move towards $64,000 in the last 24 hours but returned to $61,800. At the time of writing, the price is at $62,200. When will these boring price movements end? What are the current predictions from experts? 
<h2 style="text-align: justify" id="bitcoin-btc-expert-predictions">Bitcoin (BTC) Expert Predictions</h2> 
Throughout June, the BTC price fell, eroding by 18% in the second quarter. According to chart patterns, BTC might be on the verge of a breakout. This suggests that the tedious narrow range movements might soon end. CryptoQuant’s Onchain Edge highlighted the Wyckoff formation, stating that a breakout is imminent. 
<blockquote> 
 “If the reaccumulation phase continues, we can expect an upward breakout (“markup phase”) in the Wyckoff cycle.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-367389 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/Wyckoff-modeli-ve-BTC-fiyat-tahminleri.png" alt="" width="1412" height="812"> 
Another significant detail pointed out by the <a href="https://en.coin-turk.com/chz-coin-leads-daily-gains-among-popular-cryptocurrencies/" data-wpel-link="internal">crypto analyst</a> was the change in exchange reserves. 
<blockquote> 
 “The decrease in exchange reserves is significant. As BTC exits exchanges, it indicates accumulation. This is consistent with the reaccumulation phase… Exchange reserves have been decreasing for a while. This means BTC is being moved out of exchanges. Confidence among investors is increasing.” 
</blockquote> 
<h2 style="text-align: justify" id="will-cryptocurrencies-rise">Will Cryptocurrencies Rise?</h2> 
The assessment in the first section suggests a significant market recovery if historical data and the Wyckoff model hold true. Many experts predict a rise in cryptocurrencies for various reasons. For instance, the recent drop with BTC forming a higher low at $58,500 indicates to analysts that a reversal and a new ATH journey might begin. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-367390 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/rektcapital-btc-fiyat-yukselis.png" alt="" width="1145" height="761"> 
The second analyst, Rekt Capital, also gave hope to those expecting a rise in crypto with his comments. 
<blockquote> 
 “The Macro Higher Low is confirmed, and Bitcoin is now rising. Bitcoin is developing a Macro Bull Flag.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-367391 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/rektcapital-btc-fiyat-yukselis-2.png" alt="" width="1140" height="762"> 
According to the third analyst, Titan of Crypto, we will see prices reaching $90,000 in the coming days. Encouraged by the ascending triangle formation, the analyst wrote that the price increase will now begin. 
<img loading="lazy" decoding="async" loading="lazy" class="size-full wp-image-367392 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/titan-btc-tahmin.png" alt="" width="1295" height="811"> 
The fourth and final expert is Kristian Haralampiev from Nexo. According to him, macroeconomic risks and government BTC sales will complicate matters. Germany transferred $52 million worth of BTC on July 2 and still holds $2.75 billion in assets. Moreover, MTGOX refunds will start soon, returning $9.4 billion worth of BTC to those who lost their assets in the exchange <a href="https://newslinker.co/category/cybersecurity/" target="_blank" rel="noopener" data-wpel-link="exclude">hack</a> 10 years ago. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/experts-predict-bitcoin-price-movements/" data-wpel-link="internal">Experts Predict Bitcoin Price Movements</a></h5>

Experts Predict Bitcoin Price Movements

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