<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-discusses-bitcoins-potential-moves-and-market-behavior/" data-wpel-link="internal">Analyst Discusses Bitcoin’s Potential Moves and Market Behavior</a><br></p>
<p style="text-align: justify">Bitcoin’s current <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a> behavior is drawing significant interest due to its similarity to patterns observed in previous cycles. Analyst <strong>Satoshi Stacker</strong> discussed Bitcoin’s potential major moves in his latest YouTube video and provided insights on other cryptocurrencies like <a href="https://en.coin-turk.com/ethereum-faces-critical-price-levels/" data-wpel-link="internal">Ethereum</a>. The fund flow through Bitcoin’s spot ETFs is creating significant buying pressure, which could lead to a substantial increase in Bitcoin’s price.</p> 
<h2 style="text-align: justify" id="factors-increasing-buying-pressure">Factors Increasing Buying Pressure</h2> 
<p style="text-align: justify">One of the main factors increasing buying pressure on Bitcoin is the capital flow through spot Bitcoin ETFs. This situation creates a bullish outlook for Bitcoin and indicates that the price could rise significantly. The MVRV (Market Value – Realized Value) ratio chart also supports this optimistic view; this ratio indicates a potential breakout from the current downtrend. Historically, such breakouts have led to significant price increases. Additionally, the reduction in selling pressure from Bitcoin miners supports price stability and growth.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-372627 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/bitcoin-19.jpg" alt="" width="740" height="415"></p> 
<p style="text-align: justify"><strong>Bitcoin</strong>‘s rise above the significant resistance level of $66,700 is also noteworthy. After a brief pullback and retest, this level has now become a support. This situation reinforced the formation of higher lows. It also showed that Bitcoin is in an upward trend despite the decline in traditional markets.</p> 
<h2 style="text-align: justify" id="bitcoin-s-post-halving-behavior">Bitcoin’s Post-Halving Behavior</h2> 
<p style="text-align: justify">Analyzing Bitcoin’s post-halving behavior is also important. Historically, Bitcoin tends to consolidate after halving, and this process can lead to significant price increases. This situation has become a reality observed in past cycles, where accumulating Bitcoin a year before halving proved advantageous. This consolidation phase could be a repeat of the historical trend. The analyst predicts a target price of $150,000 for Bitcoin in this cycle.</p> 
<p style="text-align: justify">Ethereum’s performance, on the other hand, is currently more stagnant. The ETH/USD pair is trading between support and resistance levels and is not showing significant movement. However, the <strong>ETH/BTC</strong> pair has declined, indicating that Bitcoin is outperforming Ethereum.</p> 
<p style="text-align: justify">This situation is particularly noteworthy given that the spot Ethereum ETF is expected to be launched on July 23. Similar to Grayscale’s Bitcoin strategy, Ethereum sales could create short-term volatility. However, in the long term, demand for Ethereum is expected to increase due to its solid use case and growing ecosystem.</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/analyst-discusses-bitcoins-potential-moves-and-market-behavior/" data-wpel-link="internal">Analyst Discusses Bitcoin’s Potential Moves and Market Behavior</a></h5>

Analyst Discusses Bitcoin’s Potential Moves and Market Behavior

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