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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-tests-65000-before-dropping-below-64000/" data-wpel-link="internal">Bitcoin Price Tests $65,000 Before Dropping Below $64,000</a> 
<a href="https://en.coin-turk.com/how-bitcoin-etfs-are-shaping-investment-trends/" data-wpel-link="internal">BTC</a> price tested $65,000 before dropping below $64,000, but the outlook remains positive. We are transitioning into a new period where many fundamental issues have been resolved. This could lead to increased risk appetite in altcoins, driving demand and prices higher in the last quarter. 
<h2 style="text-align: justify" id="cryptocurrency-commentary">Cryptocurrency Commentary</h2> 
BTC price saw a 40% increase from the month’s lowest level. Days of vaccine sales create buying opportunities in crypto. For example, last year’s banking collapse or the global recession fears seen a few weeks ago. Although these pump fears of much larger dips, experienced <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> saw them as buying signals. 
Of course, there can be rare days with losses exceeding 50%, like the pandemic crash. Cryptocurrencies consolidated for almost half the year. Although boring, such long consolidation periods can lead to significant upward movements in rising trends. We might experience a similar process in crypto again. 
<h2 style="text-align: justify" id="cryptocurrency-predictions">Cryptocurrency Predictions</h2> 
If there are no abnormal changes in macroeconomic <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> and inflation continues to fall or remain low, the Fed will steadily lower rates. Although hard to convince, the Fed is now aware that excessive tightening risks trigger employment alarms. For investors, this process will signal a new period where cash increases in risk markets. 
On the other hand, the resolution of issues like Germany and Mt Gox pumping supply into the market increases optimism for the last quarter. Additionally, the revival of demand through the ETF channel will trigger supply shortages in already tight exchanges. 
However, before all this, the BTC price needs to surpass this year’s record level with closures above $70,000 and turn it into support. Below, you can see the September performance for previous years, and historically, the chart is not that discouraging. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-383210 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/BTC-aylik-performans-.png" alt="" width="1307" height="727"> 
Of course, cryptocurrencies are always full of surprises, and unexpected bad events can occur, pulling the markets down. For now, as we approach the last quarter, it seems like a reasonable scenario for things to progress in favor of crypto investors. 
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Bitcoin Price Tests $65,000 Before Dropping Below $64,000

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