Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analysts-predict-bitcoins-bull-run-to-reach-new-heights/" data-wpel-link="internal">Analysts Predict Bitcoin’s Bull Run to Reach New Heights</a> 
Looking back at the last 4 years for Bitcoin , it wouldn’t be wrong to say that the process has seen incredible ups and downs. When the BTC price reached $69,500 in 2021, everyone thought it would rise further, but in the early days of 2023, the price being below $20,000 marked a complete fiasco for investors. However, the situation changed right after this point, and within just 1.5 years, the price movement reaching $73,750 again showed how volatile the market could be. Today, while the price is seen trying to hold above $50,000, analysts are maintaining their bullish expectations for BTC. 
<h2 style="text-align: justify" id="analysts-bitcoin-commentary">Analysts’ Bitcoin Commentary</h2> 
Despite the recent declines in Bitcoin, analysts’ optimism for a positive momentum continued. Despite downward movements, analysts emphasizing the bull trend seemed to have a significant positive impact on investors’ approaches. 
First, the analyst named AurelienOhayon on X was seen emphasizing the bull trend. 
The analyst’s statement was as follows: 
#BITCOIN’S STRONGEST BULL RUN IS STARTING. Mayer Bands target: 200K 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-387025" src="https://coin-turk.com/wp-content/uploads/2024/09/bitcoin-ao-coin-turk-com.png" alt="" width="1798" height="1696"> 
In the graph shared by the analyst, it was seen that 3 peaks and 3 troughs had formed, and the potential price target for the 4th peak was also marked, creating excitement. 
Secondly, in the X statement made by the analyst named Satoshi Flipper, it was seen that he emphasized the formation of a bull flag. 
The statement made by Satoshi Flipper on X was as follows: 
<blockquote> 
 $BTC/usdt DAILY 
 The most magnificent rising flag in BTC history is unfolding right before us. 
</blockquote> 
Lastly, one of the most well-known names in the <a href="https://en.coin-turk.com/bitcoin-btc-falls-below-26000-level/" data-wpel-link="internal">cryptocurrency</a> world, The Moon, announced in a recent X post that he had started buying Bitcoin and Ethereum . 
<h2 style="text-align: justify" id="current-status-of-bitcoin">Current Status of Bitcoin</h2> 
In the last 1.5 years, the market has experienced significant fluctuations, creating a massive price range. Most recently, on August 4th, the Bitcoin price fell to $48,800, but then recovered to $65,000, although things did not go as desired. 
Today, it is seen that there is a pause after the deep decline in BTC price. As of the time of writing, BTC is trading at $54,574 after a 0.50% increase. This level is still 26% away from its ATH, but according to analysts, this process could turn into a completely different rise after a potential increase and it could be seen moving towards a new ATH. 
On the other hand, comments continue to be made that ongoing <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">interest rate</a> cuts worldwide, as well as the Fed’s interest rate <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">announcements</a>, could have positive effects on the market, while the US elections could also have an impact on cryptocurrency prices. 
The post <a href="https://en.coin-turk.com/analysts-predict-bitcoins-bull-run-to-reach-new-heights/" data-wpel-link="internal">Analysts Predict Bitcoin’s Bull Run to Reach New Heights</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Analysts Predict Bitcoin’s Bull Run to Reach New Heights

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