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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/analyst-warns-bitcoin-may-drop-below-10000/" data-wpel-link="internal">Analyst Warns Bitcoin May Drop Below $10,000</a><br></p>
<p style="text-align: justify"><strong>Bitcoin</strong> (<strong>BTC</strong>) fell back to the $60,200 level at the time of writing, and altcoins are trimming their gains. Fed’s <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">interest rate</a> cuts are now certain, with members indicating a 25, 50, and then 25bp cut, totaling a 100bp annual reduction priced in by the market. Fed members are aware of this pricing and are making statements that confirm it.</p> 
<h2 style="text-align: justify" id="ceek-coin-price-prediction">CEEK Coin Price Prediction</h2> 
<p style="text-align: justify">BTC’s price drop could push altcoins back into despair. However, as long as $60,000 is maintained, the process could turn into a trap for those looking for short-selling opportunities. Bears, who have been turning every peak into a selling opportunity for weeks, should be caught off guard in this or the next upward attempt.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-382446 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/CEEKUSDT_2024-08-22_22-49-14.png" alt="" width="1814" height="836"></p> 
<p style="text-align: justify"><strong>CEEK Coin</strong> is at $0.0304 and recently set an ATL level. Continuations above $0.028 could keep it from seeking new lows. On the other hand, $0.045 will be the target point in a possible rise.</p> 
<h2 style="text-align: justify" id="floki-coin-commentary">FLOKI Coin Commentary</h2> 
<p style="text-align: justify">Closures above $0.0000967 reflect an appetite for a rise. <strong>FLOKI Coin</strong> is trying to surpass $0.000146 for further increases, but long upper wicks indicate profit-taking. For now, closures above $0.000127 show the potential for an upward jump still exists. Movement here may increase depending on <strong>BTC price</strong> performance.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-382447 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/FLOKIUSDT_2024-08-22_22-50-43.png" alt="" width="1814" height="836"></p> 
<h2 style="text-align: justify" id="xrp-coin-price-target">XRP Coin Price Target</h2> 
<p style="text-align: justify">Having lost $0.6 again, <a href="https://en.coin-turk.com/ripple-obtains-license-from-the-monetary-authority-of-singapore/" data-wpel-link="internal">XRP</a> Coin could drop to $0.58 and $0.56. Closures below $0.56 could lead to a drop to $0.5. Although the lawsuit excitement has subsided for now, the potential for increased volatility based on news flow continues. If a general rally starts in altcoins, we should see large market cap altcoins like <strong>XRP Coin</strong> leading it.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-382448 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/XRPUSDT_2024-08-22_22-51-18.png" alt="" width="1814" height="836"></p> 
<h2 style="text-align: justify" id="avax-price-commentary">AVAX Price Commentary</h2> 
<p style="text-align: justify">Good <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">news came</a> in succession today. Franklin, a $1.6 trillion asset manager, is highly active in the crypto space. Now, it has expanded its blockchain-based fund to the Avalanche network. This is a unique opportunity for <strong>AVAX</strong> to advertise in the RWA space. In the medium term, the story of competing with Ethereum in the RWA space could be supported by other players coming to the Avalanche network.</p> 
<p style="text-align: justify"><img loading="lazy" decoding="async" loading="lazy" class="size-full wp-image-382449 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/AVAXUSDT_2024-08-22_22-54-28.png" alt="" width="1814" height="836"></p> 
<p style="text-align: justify">Grayscale’s trust was the second big news for AVAX today. Now, AVAX should aim for $32 with closures above $25.94, hoping for BTC’s price to remain strong.</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-warns-bitcoin-may-drop-below-10000/" data-wpel-link="internal">Analyst Warns Bitcoin May Drop Below $10,000</a></h5>
<p>The post <a href="https://en.coin-turk.com/analyst-warns-bitcoin-may-drop-below-10000/" data-wpel-link="internal">Analyst Warns Bitcoin May Drop Below $10,000</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Analyst Warns Bitcoin May Drop Below $10,000

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