Chiliz

Bitcoin

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-bitcoin-will-not-drop-below-this-level/" data-wpel-link="internal">Analyst Predicts Bitcoin Will Not Drop Below This Level</a><br></p>
<p style="text-align: justify"><strong>Bitcoin (BTC)</strong> has turned downward again and is seeking a new low below $60,000. The sales on the BTC front are related to the rapid recovery from $49,000 not triggering the expected demand at higher levels. Although the price increased rapidly, <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> took advantage of the satisfactory selling opportunity above $60,000. So, what is the situation with altcoins?</p> 
<h2 style="text-align: justify" id="xrp-coin-predictions">XRP Coin Predictions</h2> 
<p style="text-align: justify">On the lawsuit front, things are progressing in favor of <strong><a href="https://en.coin-turk.com/what-to-expect-for-ripple-and-bitcoin-xrp-eth-and-btc/" data-wpel-link="internal">XRP</a> Coin</strong>, yet the negative impact of BTC’s price is causing XRP to linger at $0.56. This is a relatively high level, and the success in court has reflected on the price. If $0.54 is maintained positively and the parallel channel support at $0.579 can be reclaimed (if BTC permits), we might see the <strong>XRP Coin</strong> price fluctuating between $0.73 and $0.94.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-379975 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-15_01-08-38.png" alt="" width="1814" height="836"></p> 
<h2 style="text-align: justify" id="ceek-coin-price-prediction">CEEK Coin Price Prediction</h2> 
<p style="text-align: justify">The expected new ATL at $0.025 occurred for <strong>CEEK Coin</strong> due to the general market decline. Now, it is struggling to maintain $0.029 as support, but the overall market sentiment is still not supportive. The lack of interest in <strong>Metaverse altcoins</strong> combined with CEEK Coin’s long-term failure makes things even more challenging.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-379976 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/CEEKUSDT_2024-08-15_01-10-22.png" alt="" width="1814" height="836"></p> 
<p style="text-align: justify">For a potential rise, $0.034 must turn into support. On the other hand, if BTC does not reclaim $63,000 and return to an upward trajectory, a new decline may be seen as short-term gain seekers give up.</p> 
<h2 style="text-align: justify" id="chiliz-chz-coin">Chiliz (CHZ) Coin</h2> 
<p style="text-align: justify">The $0.043 level was not seen even during the toughest days of bear markets. Therefore, the price that descended to the 2021 region attracted buyers, forming a long lower wick. Leagues are starting, and active months are approaching for fan tokens. Hence, if BTC permits, <strong>CHZ Coin</strong> could climb back to the mid-range of $0.07 if it can reclaim the parallel channel support at $0.0591.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-379977 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/CHZUSDT_2024-08-15_01-15-07.png" alt="" width="1814" height="836"></p> 
<p style="text-align: justify">Beyond this, a rally journey could begin with closures above $0.0953, making the dream of $0.3 possible again.</p> 
<h2 style="text-align: justify" id="avax-price-prediction">AVAX Price Prediction</h2> 
<p style="text-align: justify">The <strong>AVAX price</strong> has the potential to see $18.5 below $19.4, and it has dropped even further. Although it has reclaimed $20 for now, the high annual inflation and weak overall market sentiment make things difficult for AVAX bulls.</p> 
<p style="text-align: justify"><img loading="lazy" decoding="async" loading="lazy" class="size-full wp-image-379978 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/AVAXUSDT_2024-08-15_01-18-44.png" alt="" width="1814" height="836"></p> 
<p style="text-align: justify">For the rise to continue, closures above $24.8 are needed. If AVAX can achieve this, it could target $33 and $42 again. On the other hand, if sales deepen, $13.2 could be the bottom.</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-bitcoin-will-not-drop-below-this-level/" data-wpel-link="internal">Analyst Predicts Bitcoin Will Not Drop Below This Level</a></h5>
<p>The post <a href="https://en.coin-turk.com/analyst-predicts-bitcoin-will-not-drop-below-this-level/" data-wpel-link="internal">Analyst Predicts Bitcoin Will Not Drop Below This Level</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Analyst Predicts Bitcoin Will Not Drop Below This Level

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