Cryptocurrency

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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analysts-share-latest-cryptocurrency-predictions/" data-wpel-link="internal">Analysts Share Latest Cryptocurrency Predictions</a> 
Bitcoin (BTC) price is attempting a rapid return to $57,500 at the time of writing. Will it be permanent? Unknown, but we predicted this outcome 50 minutes before the JOLTS <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> was released. So, what do the current market predictions of three popular analysts indicate? 
<h2 style="text-align: justify" id="analysts-cryptocurrency-comments">Analysts’ Cryptocurrency Comments</h2> 
The new week did not start well, and the demoralizing historical performance of September was already preparing <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> for such a nightmare. Three popular analysts shared their evaluations of the markets in the last few hours. First up is Poppe, who expects ETH price to rise against BTC. ETH is still below the $2,500 support at the time of writing. 
<blockquote> 
 “<a href="https://en.coin-turk.com/sec-approves-spot-ethereum-etfs-2/" data-wpel-link="internal">Ethereum</a> and the markets are giving back their recent gains. However, ETH is still trying to hold at the support level, and if it surpasses 0.043, momentum may increase.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-385700 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/Poppe-4-Eylul-ETH-Grafigi.png" alt="" width="2251" height="1186"> 
Lark Davis advises staying away from the noise and not panicking, highlighting the negative flows of spot BTC ETFs last month. 
<blockquote> 
 “Don’t get caught up in this noise. Last month, spot BTC ETFs generally experienced negative flows. This was a significant drop compared to March, when BTC prices were rising, and ETFs were booming. 
 However, you shouldn’t be overly concerned about the impact of ETFs on the markets. Data shows that ETF volumes represent only 20% of the market. There are still many things happening beyond ETFs.” 
</blockquote> 
The last analyst, The Moon Carl, believes that despite the recent correction, the technical formation he highlighted will eventually trigger an upward breakout. The target he pointed out in the chart and his analysis is $4,000. The ironic part is that despite BTC reaching ATH, ETH is still being discussed at $4,000 even with ETF approval. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-385701 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/The-Moon-ETH-Grafik.jpg" alt="" width="2124" height="1161"> 
<h2 style="text-align: justify" id="current-state-of-cryptocurrencies">Current State of Cryptocurrencies</h2> 
BTC price experiencing a roughly $1,000 increase as expectations for a September rate cut climb to 50bp is positive. However, if we are talking about a real comeback, we cannot be sure without a weekly close above $61,700. Investors wearing out the sell button with every rise attempt shows that the short-term trading urge has reached a demoralizing point. 
Although most analysts are optimistic, we should not forget that September has brought new lows in crypto many times. Especially for altcoin investors, unnecessary appetite can lead to frustrating days. 
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Analysts Share Latest Cryptocurrency Predictions

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