Carl

Bitcoin

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-and-apt-coin-analysts-predict-market-trends/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin and APT Coin Analysts Predict Market Trends</a> 
As of the time of writing, the Bitcoin price stands at $61,800, with a daily low established at $61,634. The price fluctuations have shifted in favor of sellers following a rejection at the $67,000 mark. Current predictions regarding BTC have drawn attention, alongside inquiries about the price target for APT Coin.
<h2 style="text-align: justify" id="bitcoin-predictions-and-insights">Bitcoin Predictions and Insights</h2>
Opening in the red, Bitcoin (BTC) has caused a decline in the overall <a href="https://en.coin-turk.com/investors-monitor-altcoins-as-btc-stabilizes/" data-wpel-link="internal" rel="noopener noreferrer nofollow">altcoin</a> market. While some <a href="https://en.coin-turk.com/leverage-boost-for-brc-20-sats-on-binance/" data-wpel-link="internal" rel="noopener noreferrer nofollow">altcoins</a> have shown positive divergence as reported in our latest updates, the general demand remains weak, bringing them closer to critical support levels. Crypto analyst Carl recently stated:
<blockquote>
 “If Bitcoin breaks this descending triangle, it could drop to $60,700!”
</blockquote>
<img fetchpriority="high" decoding="async" class="size-full wp-image-395808 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/9-ekim-btc-analist-tahmini.jpg" alt="" width="2152" height="1187">
Given that the support level has been breached multiple times, BTC may face further losses. The $61,700 mark has long been a critical level, and BTC dipped below this temporarily today. If it remains under $60,700, altcoins could face unpleasant surprises.
<h2 style="text-align: justify" id="apt-coin-predictions-and-market-outlook">APT Coin Predictions and Market Outlook</h2>
While <a href="https://en.coin-turk.com/solana-prepares-for-major-changes-in-2024/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SOL</a> Coin has fallen back to $140, the ETH price has decreased to $2,438. The outlook for altcoins is not promising. On the APT Coin front, Crypto Tony highlighted a potential drop to the $7.70 area if the resistance level cannot be surpassed. Should BTC rise quickly, APT Coin might reclaim the $10.50 resistance, making a move towards the $20 target possible. Otherwise, bulls will have a tougher battle ahead.
Tony shared the following chart and commented:
<blockquote>
 “Bulls need to reclaim $10.50 as support for the next rally.”
</blockquote>
<img decoding="async" class="size-full wp-image-395809 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/bitcoin-kac-dolar-olur.jpg" alt="" width="2048" height="1129">
This week, U.S. inflation data is expected to be released, and if these figures are positive following strong employment numbers, it may provide support for risk markets.
The post <a href="https://en.coin-turk.com/bitcoin-and-apt-coin-analysts-predict-market-trends/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin and APT Coin Analysts Predict Market Trends</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

Bitcoin and APT Coin Analysts Predict Market Trends

Table of Contents

COINTURK NEWS

Other articles published on Oct 9, 2024

Cardano (ADA) and Ripple (XRP) Target $5 by 2025, New Altcoin Under $0.10 to Pump to $17

Will Michael Saylor Buy 69,370 Bitcoins If US Government Sells?

FTX’s Ryan Salame asks court for two-month delay in sentencing

Qubetics vs Immutable and Astra Nova: How Qubetics Empowers Users to Bring Ideas to Life Without ...

31,000 Merchants Now Accept Crypto Payment with Luno and Zapper

Scam Alert! CoinMarketCap Warns of Fake CMC Token

Join our free newsletter for daily crypto updates!