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" rel="noopener noreferrer nofollow">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" rel="noopener noreferrer nofollow">cryptocurrency </a><a href="https://finance.coin-turk.com/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">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 fetchpriority="high" 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.
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Analyst Predicts Bitcoin and Solana Price Movements

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