Shiba

Bitcoin

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/market-analysts-evaluate-bitcoin-and-altcoin-trends-2/" data-wpel-link="internal">Market Analysts Evaluate Bitcoin and Altcoin Trends</a> 
Bitcoin (BTC) price today dropped to $62,128, with <a href="https://en.coin-turk.com/exploring-low-cost-cryptocurrencies-with-high-profit-potential/" data-wpel-link="internal">altcoins</a> like <a href="https://en.coin-turk.com/justin-suns-significant-move-in-the-crypto-market/" data-wpel-link="internal">Shiba</a> Coin experiencing losses exceeding 5%. Rapidly losing investors can quickly respond to price increases, as short-term fluctuations have long been opportunities for traders. However, at some point, these narrow-range ups and downs need to result in upward breaks. Two popular <a href="https://en.coin-turk.com/ethereum-faces-strong-competition-from-tech-stocks/" data-wpel-link="internal">cryptocurrency</a> analysts, MASA and SUI Coin, shared their predictions, focusing on BTC whales in the latest analysis by Ki Young Ju. 
<h2 style="text-align: justify" id="comments-on-masa-and-sui-coin">Comments on MASA and SUI Coin</h2> 
When will significant rises for altcoins begin? As ETH prices approach new all-time highs, we may witness this starting with BTCD declines. However, during this process, certain cryptocurrencies will continue to stand out positively and reach their all-time high prices. 
One such cryptocurrency is SUI Coin. We observed that the price increased due to rising network activity and strong liquidity inflows, driven by many positive news. Scott Melker shared his updated chart for SUI Coin in his latest market assessment, stating: 
<img decoding="async" class="size-full wp-image-395452 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/sui-coin-grafigi-scaled.jpg" alt="" width="2560" height="1300"> 
<blockquote> 
 “This bull flag and the overall chart should be studied by technical analysis enthusiasts for generations to come.” 
</blockquote> 
Having regained its peak, SUI Coin presented a tantalizing selling opportunity for many investors. However, as long as it stays away from the $2 range, the rally potential remains unless abnormal BTC declines or heavy sell-offs occur. The breakout of this bull flag could lead to a larger peak. 
<h2 style="text-align: justify" id="bitcoin-whales-analysis">Bitcoin Whales Analysis</h2> 
Bitcoin whales could be on the brink of a significant change. CryptoQuant, one of the major blockchain data companies, visualizes on-chain data. In the recent assessment, the company’s CEO Ki Young Ju pointed out the generational shift among whales. 
<blockquote> 
 “Bitcoin whales are experiencing a generational shift. Since Bitcoin’s inception, new whales have invested $108 billion, while old whales have invested $113 billion. This ratio currently stands at 48:51. New whales’ realized capital is expected to surpass that of old whales soon.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-395454 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/btc-balina-kusak-degisimi-scaled.jpg" alt="" width="2560" height="1440"> 
The relatively narrow trading range of BTC prices over the past six months has led to a notable generational shift among whales. Although we may not see the power of new major investors reflected in the spot price, it indicates significant asset transfers and prepares for a potential bull season with strong capital. 
The post <a href="https://en.coin-turk.com/market-analysts-evaluate-bitcoin-and-altcoin-trends-2/" data-wpel-link="internal">Market Analysts Evaluate Bitcoin and Altcoin Trends</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Market Analysts Evaluate Bitcoin and Altcoin Trends

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