Bitcoin

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/will-cryptocurrencies-continue-to-climb/" data-wpel-link="internal">Will Cryptocurrencies Continue to Climb?</a><br></p>
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/bitcoins-future-amid-regulatory-approvals-and-persistent-challenges/" data-wpel-link="internal">Bitcoin</a> price</strong> is lingering around $47,900 on the first trading day following a satisfying weekly closure. Although altcoins have experienced some decline due to today’s BTC sales, they have not yet lost significant price regions. So what’s next for <strong>Bitcoin</strong> and altcoins? Will their rise continue?</p> 
<h2 style="text-align: justify" id="will-cryptocurrencies-rise">Will Cryptocurrencies Rise?</h2> 
<p style="text-align: justify">As always, we look at the cumulative value chart of cryptocurrencies, which saw a significant increase last week. With the last bullish candle, the $1.61 trillion region was surpassed. We have been writing for a long time that the next target is $1.81 trillion, and now the cumulative value is just below at $1.78 trillion.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-313764 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/Kripto-Paralar-Yukselis-Tahmin.png" alt="" width="1201" height="491"></p> 
<p style="text-align: justify">If the increase continues, we can target the $1.88 and $2.1 trillion regions with closures above $1.81 trillion. The TOTALCAP RSI on the weekly chart is showing a bearish divergence, which could be the first signal for a possible correction. If such a decline occurs, a relaxation to $1.61 trillion could happen.</p> 
<h2 style="text-align: justify" id="bitcoin-btc-commentary">Bitcoin (BTC) Commentary</h2> 
<p style="text-align: justify">On the weekly chart, Bitcoin also presents a similar view to the cumulative chart of cryptocurrencies. The price rose to $48,826 but failed to surpass its peak of $48,969 seen on January 11. It has now retreated to $47,940. The weekly RSI has also formed a bearish divergence here, suggesting that this key region may not be breached on this attempt.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-313765 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/Bitcoin-Grafigi-Tahmin.png" alt="" width="1201" height="573"></p> 
<p style="text-align: justify">The future of Bitcoin’s price will be determined by whether it can break through the $48,850 barrier. If it can breach this region, we may witness a stronger recovery up to $65,000. In the opposite scenario, a target of $41,000 could be in sight.</p> 
<h2 style="text-align: justify" id="how-much-will-imx-coin-be-worth">How Much Will IMX Coin Be Worth?</h2> 
<p style="text-align: justify"><strong>IMX price</strong> has strongly recovered from the $1.80 support and surpassed the $2.80 resistance that has been in place since February 2022. This movement, reflecting the strength of the bulls, has raised hopes for higher peaks. If the price rise continues, IMX Coin could climb up to $4.2.</p> 
<p style="text-align: justify"><img loading="lazy" decoding="async" loading="lazy" class="wp-image-313766 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/IMX-Coin-Kac-Dolar-Olur.png" alt="" width="1200" height="488"></p> 
<p style="text-align: justify">In a negative scenario, closures below $2.8 could lead to a return to $1.8. Of course, cryptocurrencies are unpredictable, and predictions often fail. It is beneficial for investors to keep an eye on the cumulative value and BTC chart while tracking peak targets in altcoins.</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/will-cryptocurrencies-continue-to-climb/" data-wpel-link="internal">Will Cryptocurrencies Continue to Climb?</a></h5>

Will Cryptocurrencies Continue to Climb?

목차

COINTURK NEWS

2024년 2월 12일에 게재된 다른 기사

Bitcoin Bull Cycle Could Bring BTC ATH to $200K or $500K

Bitcoin Could Hit $112K! CryptoQuant CEO Drops Insider Info on ETFs & History-Making Trends

Tether’s 2023 profits worth $6.2B surpass Netflix, Uber, Disney – How?

Bitcoin Will Hit $112,000 This Year, Analytics Platform CEO Predicts

Renowned Trader Analyzes Altcoin Cycles, ADA and KSM Shine Bullish

This mysterious whale wallet amasses over 4.5 million LINK tokens worth over $84 million

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!