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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/market-analysts-provide-latest-insights-on-bitcoin-and-altcoins/" data-wpel-link="internal">Market Analysts Provide Latest Insights on Bitcoin and Altcoins</a> 
As of the time this article was prepared, Bitcoin prices experienced a sudden drop following the release of U.S. data but remain above $61,000. The recovery of labor data is expected to alleviate recession concerns, positively impacting cryptocurrencies in the medium term. Therefore, short-term volatility is deemed less significant. What do <a href="https://en.coin-turk.com/fed-maintains-interest-rates-steady/" data-wpel-link="internal">cryptocurrency</a> specialists predict for NEAR, <a href="https://en.coin-turk.com/trader-joe-joe-lawsuit-avalanches-defi-protocol-faces-legal-action-from-supermarket-chain/" data-wpel-link="internal">AVAX</a>, AMB, and Bitcoin today? 
<h2 style="text-align: justify" id="bitcoin-and-amb-coin-predictions">Bitcoin and AMB Coin Predictions</h2> 
Popular cryptocurrency commentator Michael Poppe shared his latest market assessment for Bitcoin a few hours ago. The chart he shared prior to U.S. data release indicates a likely rebound from local lows. Michael anticipates a decline during the first week of the month based on historical data, with the first week of October generally experiencing a downturn followed by a quick rise in the latter half of the month. 
<blockquote> 
 “I stated this over the past few days; I believe Bitcoin is seeking its monthly low in the first week of October. Today is unemployment day, and I think it will mean a lot. Holding onto significant support and bouncing back from here would demonstrate strength.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-394371 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/btc-4-ekim-analist-yorumu-poppe.png" alt="" width="2251" height="1186"> 
The individual predicting for AMB Coin is Mikybull. Sharing frequent updates because it is one of his favorite <a href="https://en.coin-turk.com/wanchain-launches-new-convert-n-burn-system-2/" data-wpel-link="internal">altcoins</a>, he notes several reasons why the price remains undervalued. He mentioned that AMB Coin received many positive updates over the past month. 
<blockquote> 
 “User growth increased by 104%. Developer participation rose, and the total locked value on the network reached an all-time high. I expect demand for AMB Coin to rise.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-394373 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/amb-coin-ekim-tahmin.jpg" alt="" width="1946" height="1104"> 
<h2 style="text-align: justify" id="avax-and-near-predictions">AVAX and NEAR Predictions</h2> 
Efloud is not a frequent updater but was in form today. Addressing the status of his previous charts, the popular cryptocurrency analyst wrote that he considers a buy opportunity at $4.2 and expects NEAR Coin to consolidate around $5. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-394374 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/near-coin-efloud-fiyat-tahmini.png" alt="" width="3284" height="1704"> 
For AVAX, the analyst highlighted the support line extending to $21.6. If a new movement occurs from the entry level to $27, Efloud indicated he might close his position. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-394375 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/avax-efloud-fiyat-tahmini-scaled.jpg" alt="" width="2560" height="1328"> 
The post <a href="https://en.coin-turk.com/market-analysts-provide-latest-insights-on-bitcoin-and-altcoins/" data-wpel-link="internal">Market Analysts Provide Latest Insights on Bitcoin and Altcoins</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Market Analysts Provide Latest Insights on Bitcoin and Altcoins

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