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

Muita 29. heinäk. 2024 julkaistuja artikkeleja

Floki Announces Valhalla Sponsorship for India’s Tour of Sri Lanka, Targeting 220M Viewers

Robert Kiyosaki’s Top 3 Assets To Escape The ‘Counterfeit’ Money Trap

Crypto Analyst Finds Link Between USDT on TRON and Bitcoin Price

Rho Markets Hit by $7.5M Hack, Attackers Demand Admission of Oracle Error for Fund Return

Slovenia launches EU's first digital sovereign bond via BNP Paribas

BNB Chain Eliminates $971M BNB in 28th Quarterly Token Burn

Join our free newsletter for daily crypto updates!