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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-market-and-bitcoin-show-significant-progress/" data-wpel-link="internal">Crypto Market and Bitcoin Show Significant Progress</a><br></p>
<p style="text-align: justify">The total <a href="https://en.coin-turk.com/coinbase-introduces-new-on-chain-application-for-users/" data-wpel-link="internal">crypto </a><a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a> (TOTAL) and Bitcoin (BTC) were seen making significant strides in surpassing their crucial resistance levels. Additionally, today’s market winner was none other than Fantom (FTM), which also made a mark in the past week and now seems to be eyeing a 77% increase according to its charts.</p> 
<h2 style="text-align: justify" id="crypto-market-overview">Crypto Market Overview</h2> 
<p style="text-align: justify">The total crypto market value reached $2.09 trillion after today’s rise and came very close to surpassing the $2.11 trillion resistance following an increase of over $57 billion yesterday. This resistance level for TOTAL has been a significant barrier to any rise over the past three weeks, and surpassing it could lead to new peaks.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-382218" src="https://coin-turk.com/wp-content/uploads/2024/08/total-1-btc-coin-turk-com.png" alt="" width="490" height="210"></p> 
<p style="text-align: justify">However, there are still significant resistances ahead for TOTAL. These resistance levels are thought to emerge from the $2.18 trillion level, and if these levels turn into support, further increases could be possible.</p> 
<p style="text-align: justify">On the other hand, if the upward momentum remains weak, horizontal price movements could continue, and the trend could even reverse. Therefore, avoiding consolidation could bring significant challenges.</p> 
<h2 style="text-align: justify" id="bitcoin-s-current-status">Bitcoin’s Current Status</h2> 
<p style="text-align: justify">Considering that Bitcoin was trading at $60,900 at the time of writing, it can be said that there is a possibility of surpassing the resistance at the $61,480 region. This price level has historically acted as both resistance and support for a long time and currently serves as resistance. This level could be crucial for BTC’s recovery.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-382217" src="https://coin-turk.com/wp-content/uploads/2024/08/total-2-btc-coin-turk-com.png" alt="" width="486" height="210"></p> 
<p style="text-align: justify">It wouldn’t be wrong to say that if Bitcoin’s price revalidates $61,480 as a support level, a new consolidation phase might begin. Between March and June, BTC consolidated between $71,997 and $61,483 for approximately three months.</p> 
<h2 style="text-align: justify" id="fantom-s-current-price">Fantom’s Current Price</h2> 
<p style="text-align: justify">Fantom’s price broke out of the descending wedge formation as expected this week. The over 13% increase in the last 24 hours has enabled FTM to find buyers at $0.415.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-382216" src="https://coin-turk.com/wp-content/uploads/2024/08/btc-ftm-coin-turk-com.png" alt="" width="489" height="200"></p> 
<p style="text-align: justify">Looking at the formation, the upward price target is indicated at $0.6896, with a 77% rally becoming increasingly widespread. Additionally, FTM needs to surpass and validate the resistances at $0.5397 and $0.6425 as support.</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/crypto-market-and-bitcoin-show-significant-progress/" data-wpel-link="internal">Crypto Market and Bitcoin Show Significant Progress</a></h5>
<p>The post <a href="https://en.coin-turk.com/crypto-market-and-bitcoin-show-significant-progress/" data-wpel-link="internal">Crypto Market and Bitcoin Show Significant Progress</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Crypto Market and Bitcoin Show Significant Progress

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