bullish

Carl

Bitcoin

Polkadot

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analysts-share-latest-bitcoin-and-dot-coin-predictions/" data-wpel-link="internal">Analysts Share Latest Bitcoin and DOT Coin Predictions</a> 
Bitcoin (BTC) has not given crypto <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> what they wanted for the last 2 quarters, and the volatile trend continues. The price, which consolidated at low levels, fell to $52,500 and is now struggling to stay above $55,000. Carl and Jelle shared their latest predictions for Bitcoin (BTC) at the time of writing. Another analyst also announced his target for DOT Coin. 
<h2 style="text-align: justify" id="2-analysts-bitcoin-predictions">2 Analysts’ Bitcoin Predictions</h2> 
The largest <a href="https://en.coin-turk.com/bitcoin-price-drop-and-upcoming-crypto-events/" data-wpel-link="internal">cryptocurrency</a> by market value, BTC, was lingering at $55,200 at the time of writing. Although altcoins have largely turned green, they have not been able to compensate for their losses. The fact that BTC’s price continues to linger at low levels and the ongoing lack of appetite days before the first rate cut is confusing. 
On August 19, Carl shared the following chart and said, “a fake parallel channel with numerous fakeouts may form.” 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-387413 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/Carl-BTC-Grafik-1.jpg" alt="" width="1452" height="841"> 
Today, he published the updated chart and wrote that the parallel channel he mentioned had broken. Although the new chart shows that the descending channel structure has started to break, it is difficult to talk about a definite reversal without surpassing the $58,000 level. The targets are $49,000 on the downside and $63,000 on the upside. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-387414 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/Carl-BTC-Grafik-2.png" alt="" width="1602" height="660"> 
Jelle, on the other hand, drew attention to the bullish divergence by sharing the following chart and wrote that it is too early to be sure of this. If BTC closes the current 3-day candle in green, the analyst’s recovery scenario may come true. Still, it is hard to be sure, and the volatility seen after the US market opens could be surprising. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-387415 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/Jelle-BTC-Yukselis.jpg" alt="" width="828" height="922"> 
<h2 style="text-align: justify" id="dot-coin-predictions">DOT Coin Predictions</h2> 
It was one of the most popular altcoins of 2021. However, the long-standing fluctuations in the cryptocurrency markets have negatively affected the Polkadot (DOT) chart. Increasing alternatives have strengthened the competitive environment, while investors’ risk appetite has weakened. This has caused the DOT Coin price to see new lows. 
Still, the potential of assets that performed well and survived in previous bull cycles should not be underestimated. A crypto technical analyst named Waleed Ahmet shared the following chart and stated that he expects a reversal for DOT Coin if it closes above $4.3. 
<img loading="lazy" decoding="async" loading="lazy" class="size-full wp-image-387416 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/DOT-Coin-Fiyat-Hedefi-Eylul-scaled.jpg" alt="" width="2560" height="1417"> 
If BTC returns to $65,000 during this period, the DOT Coin price could climb to the target of $5.09. 
The post <a href="https://en.coin-turk.com/analysts-share-latest-bitcoin-and-dot-coin-predictions/" data-wpel-link="internal">Analysts Share Latest Bitcoin and DOT Coin Predictions</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Analysts Share Latest Bitcoin and DOT Coin Predictions

Table of Contents

COINTURK NEWS

Other articles published on Sep 9, 2024

Bitcoin Could Surge as Younger Investors Mature: Suze Orman

Bitcoin Dominance Slips as Altcoin Market Cap Soars to $824 Billion

Analysts Predict “Biggest” And “Craziest” Bull Run Yet As Bitcoin Struggles To Stay Above $55K

Is Vitalik Buterin Backing Pepe Unchained As Scaling Market Heats Up? New Pepe Zooms Past $12.5M ...

Market: Gold Stagnates – Traders Focused On Inflation And The Fed!

BBVA Enhances Crypto Services with USDC

Join our free newsletter for daily crypto updates!