Future

bullish

Cryptocurrency

Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analysts-predict-bitcoins-future-movements-4/" data-wpel-link="internal">Analysts Predict Bitcoin’s Future Movements</a> 
<a href="https://en.coin-turk.com/jim-cramers-bold-statement-if-you-like-bitcoin-buy-bitcoin/" data-wpel-link="internal">Bitcoin</a> (BTC) surpassed $58,000 yesterday but turned downward today, returning to the $56,000 levels. Profit-taking during upward attempts is pushing the leading cryptocurrency to new lows. Let’s look at the current predictions of four different analysts. What awaits <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>? 
<h2 style="text-align: justify" id="cryptocurrency-analyst-comments">Cryptocurrency Analyst Comments</h2> 
The best strategy for investors is to conduct their own research and make their own decisions. Accepting analyst opinions as forecasts and taking positions based on them can lead to losses. However, examining different analysts’ views on the markets can help identify unseen details from various perspectives. 
Cryptocurrency analyst LSD starts by sharing the experts’ views from the past few hours. LSD, who shared the chart below, says that the consolidation below the resistance level supports the upward momentum. However, if the stagnation continues for a long time, the likelihood of a collapse will increase. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-386076 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/LSD-Bitcoin-Tahmini.jpg" alt="" width="1280" height="591"> 
<blockquote> 
 “Bitcoin’s price has been consolidating below the all-time high of 2021 for six months. 
 Typically, consolidation below a major resistance level indicates the formation of upward momentum. However, if this stagnant price action continues, the likelihood of a collapse increases. 
 The chart currently looks weak. I expect a move between 54K and 52K, and BTC needs to stay strong in this range. If the positive scenario occurs, I still target 80K. Invalidation would be any daily close below 50,600. 
 This period was all about consolidation, which was expected after such explosive growth earlier this year. But we all know what happens after consolidation. Keep an eye on these levels.” 
</blockquote> 
Analyst Marco Johanning highlights the emergence of a short-term downtrend following the rejection at $58,000. His target, as previously stated, was a drop to $53,000. He recently wrote: 
<blockquote> 
 “Now, BTC was rejected at the 58K level, and the short-term downtrend is clearly defined. Since 54/53k has been my base scenario for a while, I am sticking to it for now. However, the current price action is designed to confuse everyone and is definitely more uncertain than usual. Once we exit this corrective range, easier times will return for all of us!” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class=" wp-image-386079 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/Marco-BTC-Grafigi.jpg" alt="" width="1269" height="758"> 
<h2 style="text-align: justify" id="bitcoin-bull-target">Bitcoin Bull Target</h2> 
An analyst known as Sina shared the following chart, stating that we will soon enter a major bullish phase based on historical <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a>. We see similar charts from many analysts. These represent projections formed by adapting past growth rates to the present. 
<img loading="lazy" loading="lazy" decoding="async" class=" wp-image-386082 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/Sina-BTC-yukselis-tahmini-scaled.jpg" alt="" width="1273" height="846"> 
Similarly, John Osterman shared his chart targeting $500,000. The analyst believes that a new peak will be seen by 2026, after 1868 days. 
<img loading="lazy" decoding="async" loading="lazy" class="size-full wp-image-386083 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/Osterman-Boga-Hedefi-BTC.jpg" alt="" width="1155" height="650"> 
The post <a href="https://en.coin-turk.com/analysts-predict-bitcoins-future-movements-4/" data-wpel-link="internal">Analysts Predict Bitcoin’s Future Movements</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Analysts Predict Bitcoin’s Future Movements

Table of Contents

COINTURK NEWS

Other articles published on Sep 5, 2024

Halving Bitcoin Tak Lagi Pengaruhi Harga, Apa Faktornya?

Dogwifhat (WIF) drops to around $1.58 in the past few days

US Spot Bitcoin Exchange Traded Funds (ETFs) Post Negative Outflow for the Sixth Day in a Row! He...

LedgerAI Partners Secures First of Numerous Letters of Intent with Financial Recovery Strategies ...

105 Million XRP Changes Hands in Epic Shift: Mystery Unveiled

OpenAI Plans Subscription Fee Hikes

Join our free newsletter for daily crypto updates!