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Bitcoin

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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-hovers-around-60000-as-investors-remain-cautious/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Price Hovers Around $60,000 as Investors Remain Cautious</a> 
Bitcoin price today hovers around $60,000 and is trading at $59,950 as of writing. Although the decline in altcoins has paused for now, BTC price not reclaiming $60,500 keeps <a href="https://finance.coin-turk.com/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">investors</a> cautious. What could LUNA, SOL, and CHZ Coin be worth if BTC continues to rise on Monday?
<h2 style="text-align: justify" id="luna-coin-analysis">LUNA Coin Analysis</h2>
On July 5, during extreme sell-offs, the LUNA Coin price dropped to $0.294 and is now finding buyers above the $0.35 support. The losses from early July have not yet been fully recovered. The price had steadily declined for 28 days until July 5, eroding by 54%.
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-370542 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/LUNAUSDT_2024-07-14_18-28-51.png" alt="" width="1814" height="836">
For an upward recovery, the $0.4 and $0.43 levels need to be reclaimed. This would indicate a reversal of the 28-day losses. Once the parallel channel support at $0.54 is reclaimed, a new peak target of $0.8 will come into play.
<h2 style="text-align: justify" id="solana-coin-analysis">Solana Coin Analysis</h2>
Losses here were relatively limited due to the ETF <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">news</a>. Although SOL Coin ETF applications were officially made by VanEck and 21Shares, poor timing dampened its impact on the price. For now, closures above $125 have opened the door for a new attempt at $150. Of course, BTC price must remain strong during this period.
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-370543 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/SOLUSDT_2024-07-14_18-31-57.png" alt="" width="1814" height="836">
If successful, the SOL Coin price could turn $162 into support and start a consolidation process in the range up to $188. Following this, surpassing the key $205 resistance could continue the journey to $256 and beyond to new all-time highs.
This situation could trigger a new phase where meme coins in the <a href="https://en.coin-turk.com/solana-releases-key-update-to-tackle-network-congestion/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana</a> ecosystem achieve more impressive gains. Due to this assumption, significant volatility could also be seen in assets like BONK.
<h2 style="text-align: justify" id="chz-coin-analysis">CHZ Coin Analysis</h2>
With closures above $0.063, CHZ Coin is advancing to the middle area of the parallel channel. With a potential BTC rise, it could reach the channel resistance at $0.085. The next level to surpass would be $0.0953. For the long-awaited rise targeting $0.3, reclaiming the thresholds at $0.106 and $0.14 is essential.
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-370544 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/CHZUSDT_2024-07-14_18-36-42.png" alt="" width="1814" height="836">
BTC is currently on track, and investors hope the upward momentum will start with the Asian market opening (if the upward movement does not accelerate at the weekly close).
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-hovers-around-60000-as-investors-remain-cautious/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Price Hovers Around $60,000 as Investors Remain Cautious</a></h5>

Bitcoin Price Hovers Around $60,000 as Investors Remain Cautious

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