Cryptocurrency

Bitcoin

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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/cryptocurrency-market-outlook-for-february-price-predictions-for-bitcoin-sol-xrp-and-avax/" data-wpel-link="internal">Cryptocurrency Market Outlook for February: Price Predictions for Bitcoin, SOL, XRP, and AVAX</a><br></p>
<p style="text-align: justify">January came and went like the wind, marking unforgettable days in crypto history due to ETF approvals. The price of Bitcoin climbed to $49,000 before dropping over $11,000 for various reasons, but it recovered to above $40,000 before the month ended. So, what’s next? What are the expectations for February?</p> 
<h2 style="text-align: justify" id="bitcoin-btc">Bitcoin (BTC)</h2> 
<p style="text-align: justify">According to data from Arkham, outflows from GBTC have begun to increase again. Outflows, which had been decreasing for days, recently climbed to $340 million, significantly higher than the $270 million on January 30th. However, this is still an improvement from the $641 million on January 22nd. Investors’ interest is slowly shifting towards the halving event as there is less and less time until April.</p> 
<p style="text-align: justify">Rekt Capital warned in its market assessment on January 29th that a potential drop in the coming weeks could offer the last buying opportunity before the halving. As for the price, Bitcoin managed to reach the 50-day simple moving average ($42,893) on January 29th, but momentum weakened, and it failed to surpass the expected $44,700. Now, BTC has fallen back to $42,500, pricing in the latest Fed announcements.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-309763 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/BTC-Subat-Fiyat-Tahmin.png" alt="" width="1506" height="835"></p> 
<p style="text-align: justify">If BTC can surpass $44,700, the target is $49,000; however, in the opposite scenario, $38,500 could be retested.</p> 
<h2 style="text-align: justify" id="sol-coin-price-prediction">SOL Coin Price Prediction</h2> 
<p style="text-align: justify">We had mentioned the importance of the $107 level for SOL Coin, and buyers struggled to overcome it but were unsuccessful. If they can try again and surpass this region, the rise could continue towards $117 and $126.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-309764 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/SOL-Subat-Fiyat-Tahmin.png" alt="" width="1512" height="846"></p> 
<h2 style="text-align: justify" id="xrp-coin-price-prediction">XRP Coin Price Prediction</h2> 
<p style="text-align: justify">This year does not seem to be going too well for XRP Coin. We had already discussed at least four reasons for the mid-term bearish outlook this week. Bulls are trying to maintain the $0.5 support, but with the hacking of a Ripple co-founder’s wallet and the movement of assets worth over a hundred million dollars, we saw a temporary drop to $0.485.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-309765 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/XRP-Subat-Fiyat-Tahmin.png" alt="" width="1510" height="850"></p> 
<p style="text-align: justify">Maintaining the $0.50 support and overcoming the $0.54 barrier is crucial. Otherwise, a drop to $0.41 could occur.</p> 
<h2 style="text-align: justify" id="avax-coin-price-prediction">AVAX Coin Price Prediction</h2> 
<p style="text-align: justify">The negativity in the BTC price has affected AVAX, like other altcoins. <a href="https://en.coin-turk.com/avalanche-drops-the-bomb-popular-altcoin-focuses-on-long-term-goals/" data-wpel-link="internal">Avalanche</a> has been fluctuating within a descending channel formation for a few days. If the $34.29 level can be maintained, hopes for a rise may continue.</p> 
<p style="text-align: justify"><img loading="lazy" decoding="async" loading="lazy" class="size-full wp-image-309766 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/AVAX-Subat-Fiyat-Tahmin.png" alt="" width="1511" height="842"></p> 
<p style="text-align: justify">In an optimistic scenario, resistance levels at $44 and $50 could be targeted.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/cryptocurrency-market-outlook-for-february-price-predictions-for-bitcoin-sol-xrp-and-avax/" data-wpel-link="internal">Cryptocurrency Market Outlook for February: Price Predictions for Bitcoin, SOL, XRP, and AVAX</a></h5>

Cryptocurrency Market Outlook for February: Price Predictions for Bitcoin, SOL, XRP, and AVAX

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