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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/btc-price-hovers-around-60000-while-altcoins-weaken/" data-wpel-link="internal">BTC Price Hovers Around $60,000 While Altcoins Weaken</a> 
Altcoins significantly weaken while the BTC <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">price</a> continues to hover around the $60,000 mark. We see this when comparing the ETH price to previous periods when BTC was at $60,000. The king of cryptocurrency is still lingering similarly to the $20,000 threshold at the start of the previous cycle. However, this has lasted longer than expected. 
<h2 style="text-align: justify" id="shib-predictions">SHIB Predictions</h2> 
BTC price tends to experience parabolic movements after halving. However, due to the ETF, this period occurred early and was quite short. Compared to previous cycles, the peak of $73,777 is not seen as the real cycle top. This means BTC price could experience parabolic rallies again before the year ends. 
For 158 days, BTC price has fluctuated within a 20% range. Excluding the lower wicks, the area it is stuck in is quite narrow. The price, having tested the $70,000 threshold at least six times, is likely to revisit this area again before the month ends (based on the average time between previous attempts). 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-380888 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/SHIBUSDT_2024-08-18_22-30-31.png" alt="" width="1814" height="836"> 
If BTC retests $70,000 as expected before the month ends, the Shiba Coin price could rise to the parallel channel support at $0.0000209. Depending on BTC’s price performance, the $0.0000264 threshold could also be tested, and if demand is strong, the $0.0000294 resistance could be surpassed, starting a new annual peak journey. 
In the opposite scenario, if BTC searches for a new low and falls below $49,000, SHIB price could be pushed to the $0.0000115 resistance where the rise started. 
<h2 style="text-align: justify" id="doge-price-prediction">DOGE Price Prediction</h2> 
For the meme coin king, the target is clear: with closures above $0.1, it could climb to $0.142 and $0.153. If DOGE can stay above the resistance zone, new attempts at $0.23 are expected. In the opposite scenario, the $0.08 base could be where sales calm down. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-380889 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/DOGEUSDT_2024-08-18_22-31-29.png" alt="" width="1814" height="836"> 
<h2 style="text-align: justify" id="ada-coin-prediction">ADA Coin Prediction</h2> 
From the peak at $0.8, the <a href="https://en.coin-turk.com/key-levels-to-watch-for-cardano-ada-price-movements/" data-wpel-link="internal">ADA</a> Coin price has been declining for the last 157 days. With continued closures below the $0.43 support, it is hard to talk about a real turnaround. In 2022 and 2023, ADA Coin was also around this level. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-380890 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/ADAUSDT_2024-08-18_22-33-49.png" alt="" width="1814" height="836"> 
If sales continue and $0.43 cannot be surpassed, the decline could continue to the June 2023 low point of $0.223. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/btc-price-hovers-around-60000-while-altcoins-weaken/" data-wpel-link="internal">BTC Price Hovers Around $60,000 While Altcoins Weaken</a></h5>
The post <a href="https://en.coin-turk.com/btc-price-hovers-around-60000-while-altcoins-weaken/" data-wpel-link="internal">BTC Price Hovers Around $60,000 While Altcoins Weaken</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

BTC Price Hovers Around $60,000 While Altcoins Weaken

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