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/bitcoin-price-surge-continues-reaching-27-month-high/" data-wpel-link="internal">Bitcoin Price Surge Continues, Reaching 27-Month High</a><br></p>
<p style="text-align: justify"><a href="https://en.coin-turk.com/bitcoins-market-dynamics-are-changing/" data-wpel-link="internal">Bitcoin</a> and other cryptocurrencies continued their upward trend from last evening past midnight. The rise in Bitcoin’s price is impressive and could indicate the arrival of a bullish season in the crypto market. The cryptocurrency <strong>Bitcoin</strong> reached its highest level in the last 27 months, hitting $57,073. This level was last seen in November 2021.</p> 
<h2 style="text-align: justify" id="what-s-the-current-status-of-bitcoin-s-price">What’s the Current Status of Bitcoin’s Price?</h2> 
<p style="text-align: justify">As I write this article, after seeing the Bitcoin price hit $57,073, it experienced a pullback of about a thousand dollars. The Bitcoin price is currently at $56,090.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-319928 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/Bitcoin-coin-turk-com-.png" alt="" width="1814" height="836"></p> 
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 With this increase in Bitcoin’s price, we see the liquidation of millions of dollars in positions focused on longs and shorts. There has been a liquidation of $370 million in the last 24 hours. Of this liquidation, $268 million occurred in short-focused positions, while $102 million was in long-focused positions.
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<h2 style="text-align: justify" id="latest-situation-with-ethereum-and-other-altcoins">Latest Situation with Ethereum and Other Altcoins</h2> 
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     <p>The rise in Bitcoin’s price also triggered significant increases in major altcoins. <a href="https://en.coin-turk.com/ethereum-eth-nft-market-alarming-data-whats-happening/" data-wpel-link="internal">Ethereum</a>, the king of <a href="https://coin-turk.com/xrp-sec-davasi-ripple-avukatlari-yeni-iddialar-gundeme-getirdi" data-wpel-link="internal">altcoins</a>, rose to $3,270. After a long period, <a href="https://en.coin-turk.com/crypto-analyst-binance-coin-bnb-to-face-similar-fate-in-2022/" data-wpel-link="internal">BNB</a> coin surpassed the $400 level, reaching $404. <a href="https://coin-turk.com/sicak-gelisme-altcoinler-neden-dusuyor" data-wpel-link="internal">ADA</a> price saw a 7% increase to $0.63.</p> 
     <p><strong>XRP</strong> price also joined the rise, reaching $0.56. However, AVAX price could not surpass the $40 resistance, peaking at $29.94.</p> 
     <p>Analyst Michael van de Poppe had predicted a few days ago that Bitcoin’s price could rise to the $58,000 level. The current increase in Bitcoin’s price seems to prove the analyst right.</p> 
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    <h2 dir="ltr" style="text-align: justify" id="what-can-we-expect-next">What Can We Expect Next?</h2> 
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     <p style="text-align: justify">What I can say about the future of Bitcoin and cryptocurrencies is that a rapid increase may trigger a correction. It is common for price drops to follow rapid increases in Bitcoin and other cryptocurrencies.</p> 
     <p style="text-align: justify">Investors should be cautious when taking positions at this point. Especially, entering at high prices during corrections can lead to significant losses. The volatile nature of crypto markets means investors can expect some pullbacks, which may create buying opportunities. When the right time to buy is, however, will ultimately be decided by the Bitcoin and <strong>crypto</strong> investor themselves.</p> 
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<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-price-surge-continues-reaching-27-month-high/" data-wpel-link="internal">Bitcoin Price Surge Continues, Reaching 27-Month High</a></h5>

Bitcoin Price Surge Continues, Reaching 27-Month High

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