Bitcoin

DeFi

Resistance

when

Threshold

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-climbs-above-critical-60000-threshold/" data-wpel-link="internal">Bitcoin Climbs Above Critical $60,000 Threshold</a><br></p>
<p style="text-align: justify"><a href="https://coin-turk.com/dunya-devi-borsada-bitcoinde-btc-bu-metrik-zirvede-ne-anlama-geliyor" data-wpel-link="internal">Bitcoin</a>‘s (<a href="https://coin-turk.com/keiser-vitalik-buterin-bitcoini-anlamiyor" data-wpel-link="internal">BTC</a>) price has risen above the critical $60,000 level and continues to trade above it. The price even spiked to $64,000 before settling back down to $62,000. During this period, most investors are maintaining their profitable positions, while many are wondering when the right time to sell their <a href="https://en.coin-turk.com/el-salvadors-bitcoin-bonds-awaited-with-anticipation-planned-for-launch-in-2024/" data-wpel-link="internal">BTC</a> might be.</p> 
<h2 style="text-align: justify" id="analyst-s-commentary-on-bitcoin">Analyst’s Commentary on Bitcoin</h2> 
<p style="text-align: justify">According to a post by CryptoJelleNL on February 29, there is currently no reason for <a href="https://en.coin-turk.com/bitcoin-price-drops-following-inflation-data-release/" data-wpel-link="internal">Bitcoin</a> holders to sell their coins, and it is possible to expect an all-time high (ATH) between $75,000 and $150,000.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-321194" src="https://coin-turk.com/wp-content/uploads/2024/02/29-subat-coin-turk-com.png" alt="" width="690" height="350"></p> 
<p style="text-align: justify">A closer examination of the market makes CryptoJelleNL’s comment even more significant. According to the analyst, the price could be heading towards the upper red box, which peaks at $150,000.</p> 
<h2 style="text-align: justify" id="is-there-resistance-in-bitcoin-s-price">Is There Resistance in Bitcoin’s Price?</h2> 
<p style="text-align: justify">Additionally, crypto expert Ali Martinez made a statement on February 28, noting that approximately 903,540 wallet addresses have purchased around 500,000 BTC between $54,300 and $56,200, creating a significant wall. Martinez also stated that there is “absolutely no resistance” ahead for Bitcoin.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-321193" src="https://coin-turk.com/wp-content/uploads/2024/02/ali-martinez-28-subat-coin-turk-com.png" alt="" width="708" height="246"></p> 
<p style="text-align: justify">On the other hand, data provided by <a href="https://coin-turk.com/defi-guvenlik-projesi-cream-finance-hack-olayini-cozdu" data-wpel-link="internal">DeFi</a> market tracker <strong>IntoTheBlock</strong> shows that as of the time of writing, 99% of Bitcoin investors are in profit, with the majority holding Bitcoin in their crypto wallets for over a year.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-321196" src="https://coin-turk.com/wp-content/uploads/2024/02/kripto-cuzdan-coin-turk-com.png" alt="" width="694" height="160"></p> 
<p style="text-align: justify">Finally, according to the graph below by CryptoJelleNL, Bitcoin continues to progress towards the upper region of the channel, and the analyst is trying to sell BTC at a price above $100,000 at some point this year. This suggests that the price could reach the anticipated levels within 2024.</p> 
<p style="text-align: justify"><img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-321195" src="https://coin-turk.com/wp-content/uploads/2024/02/2024-bitcoin-coin-turk-com.png" alt="" width="692" height="350"></p> 
<h2 style="text-align: justify" id="bitcoin-price-analysis">Bitcoin Price Analysis</h2> 
<p style="text-align: justify">For now, Bitcoin has seen a 5.94% increase in the last 24 hours, with the price at $62,900. The latest review shows a significant monthly increase of 44.52%, with the price gaining 20.95% over the last seven days.</p> 
<p style="text-align: justify">There has also been an increase in Bitcoin’s 24-hour trading volume and market cap. The 24-hour trading volume has risen by 97% to reach $100 billion, while the market cap has increased by over 5% to $1.234 trillion.</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/bitcoin-climbs-above-critical-60000-threshold/" data-wpel-link="internal">Bitcoin Climbs Above Critical $60,000 Threshold</a></h5>

Bitcoin Climbs Above Critical $60,000 Threshold

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