Solana

Bitcoin

Rekt

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-bitcoin-and-solana-price-movements/" data-wpel-link="internal">Analyst Predicts Bitcoin and Solana Price Movements</a> 
In the <a href="https://en.coin-turk.com/experts-predict-bitcoin-price-movements/" data-wpel-link="internal">cryptocurrency </a><a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a>, the highly followed analyst Rekt Capital suggested that Bitcoin (BTC) is at a pivotal point historically preceding significant price increases. He supported this claim with the observation that Bitcoin enters a parabolic upward trend after surpassing previous peak points. According to the analyst, Bitcoin is currently in a phase that marks the beginning of past major rises. 
<h2 style="text-align: justify" id="strong-analyst-claims-bitcoin-has-entered-a-critical-zone-strong">Analyst Claims Bitcoin Has Entered a Critical Zone</h2> 
The price chart shared by Rekt Capital shows that BTC successfully tested the critical threshold by taking support at the $65,000 level. The analyst predicts that Bitcoin will trade in a price range between $65,000 and $71,500 following this test. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-374870" src="https://coin-turk.com/wp-content/uploads/2024/07/Bitcoin-3.png" alt="" width="1200" height="847"> 
At the time of writing, Bitcoin is trading around $69,600, just below the $70,000 threshold, indicating that the price is within the movement range predicted by the analyst. If the analyst’s expectation materializes and the largest cryptocurrency exits the region with a peak price of $71,500, a strong climb could be observed. 
<h2 style="text-align: justify" id="strong-solana-could-reach-ath-by-testing-202-strong">Solana Could Reach ATH by Testing $202</h2> 
Touching on the altcoin market, Rekt Capital pointed specifically to Solana (SOL), which is shown as Ethereum’s (ETH) strongest competitor. The analyst expects Solana to retest the $202 level. This prediction is based on the altcoin successfully testing the previously broken support level. 
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-374872" src="https://coin-turk.com/wp-content/uploads/2024/07/Solana-SOL-1.png" alt="" width="1794" height="1266"> 
At the time this article was prepared, SOL is trading at $189.08, showing potential movement towards the target mentioned by the analyst. According to Rekt Capital’s analysis, for the upward momentum in the altcoin to continue, the price needs to close above $202.84 on the weekly timeframe. Such a close could lead to the price reaching the all-time high region around $260. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-bitcoin-and-solana-price-movements/" data-wpel-link="internal">Analyst Predicts Bitcoin and Solana Price Movements</a></h5>
The post <a href="https://en.coin-turk.com/analyst-predicts-bitcoin-and-solana-price-movements/" data-wpel-link="internal">Analyst Predicts Bitcoin and Solana Price Movements</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Analyst Predicts Bitcoin and Solana Price Movements

Table of Contents

COINTURK NEWS

Další články publikované 29. 7. 2024

Michael Novogratz’s Galaxy Digital Acquires $1B in Ethereum Staking Assets

Bitcoin Bear Bitten: Andrew Left Hit with $20M for Crypto Fraud Scheme

Gaming blockchain Ronin records 2M daily active users: Token Terminal

Ethereum Plummets 8.5% Following ETF Outflows: Analyzing the Market Reaction

Bitcoin investors start stockpiling: Is BTC’s bull run close?

Ethereum Plummets 8.5% Following ETF Outflows: Analyzing the Market Reaction

Join our free newsletter for daily crypto updates!