Bitcoin

Spot

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/sec-collects-final-spot-eth-etf-forms-as-bitcoin-continues-to-fluctuate/" data-wpel-link="internal">SEC Collects Final Spot ETH ETF Forms as Bitcoin Continues to Fluctuate</a> 
SEC will collect the final S-1 Forms from spot ETH ETF issuers by the end of today, and listings will happen soon. Meanwhile, BTC continues to move between $54,000 and $58,000. Although this situation tires altcoins, gradual recoveries are observed. So, what are the expectations for this week? 
<h2 style="text-align: justify" id="bitcoin-btc-predictions">Bitcoin (BTC) Predictions</h2> 
The markets’ inability to recover quickly after the recent drop has fueled concerns about deeper dips. However, if the widely accepted scenario occurs, a dip at $50,000 is possible. In this area, psychology is quite important, and even though there are no sudden massive government and MTGOX sales, <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> are pricing this with a multiplier effect. The fear and greed index entered the extreme fear zone with a 60% drop. 
Cryptocurrency markets closely watched popular analyst Mark Cullen wrote the following in his latest assessment: 
<blockquote> 
 “With <a href="https://en.coin-turk.com/analyst-of-the-year-2023-rally-correctly-sold-at-the-top-cryptocurrency-announced-the-level-to-buy/" data-wpel-link="internal">Bitcoin</a> closing the week below its lowest level in May, Friday’s strength seems more like a dead cat bounce, leading us to believe it will continue lower in the coming weeks.” 
</blockquote> 
Santiment analysts were also not very pleased with the situation. 
<blockquote> 
 “After a brief bounce that gave investors hope, crypto showed pullbacks that brought fear back as the weekend approached. Bitcoin fell 2.3% in the last 24 hours and 8.6% in the past week. BTC lost 18.4% in value over the past month. Most altcoins showed much larger declines.” 
</blockquote> 
<h2 style="text-align: justify" id="will-cryptocurrencies-rise">Will Cryptocurrencies Rise?</h2> 
The German government continues to sell seized assets in pieces. These transfers, sometimes to market makers and sometimes to exchanges, trigger on-chain alarms. BTC, which saw $58,000, turned downward again with the transfer in the last few hours. 
The third cryptocurrency analyst Tony expects a big move soon. 
<blockquote> 
 “Bitcoin closed below the lower Bollinger Band on a weekly basis. This is a sell signal. Further downward movement is possible.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-368805 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/Tony-BTC-Dusus.png" alt="" width="1457" height="866"> 
Matthew Hyland, despite being inclined towards a rise, finds the ongoing weak closures concerning. 
<blockquote> 
 “BTC confirmed that it broke the consolidation range that has been ongoing for months on a weekly basis. BTC is still in an uptrend; to end the uptrend, it needs to fall below $38,000, so the uptrend is still completely intact, but this weekly break opens the doors for lower price targets.” 
</blockquote> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/sec-collects-final-spot-eth-etf-forms-as-bitcoin-continues-to-fluctuate/" data-wpel-link="internal">SEC Collects Final Spot ETH ETF Forms as Bitcoin Continues to Fluctuate</a></h5>

SEC Collects Final Spot ETH ETF Forms as Bitcoin Continues to Fluctuate

Table of Contents

COINTURK NEWS

Other articles published on Jul 8, 2024

Politician Pepe (POLPEPE) Investor Generates 1,100% Profit, But Waits For 18,000% Surge As DOGE a...

Delaying Token Unlocks Boosts Market

Philippines’ stablecoin PHPC debuts on Ronin sidechain

Boston University researchers develop AI model to predict Alzheimer’s 6 years early

MoonBag’s Incredible Presale Raises $3.3M, Offering 88% APY in Staking and Surpassing Slothana & ...

Fairlead Tips Long-Term Bitcoin Growth, Suggest Exposure in Portfolios

Join our free newsletter for daily crypto updates!