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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-and-ethereum-prices-show-potential-movements/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin and Ethereum Prices Show Potential Movements</a><br></p>
<p style="text-align: justify">Bitcoin (BTC) and spot Ethereum (ETH) ETFs have historically led to market declines. BTC has shown price increases and ATHs post-ETF launches, while spot ETH ETFs remain uncertain. Ripple (<a href="https://en.coin-turk.com/impact-of-bitcoin-supply-on-altcoin-market-and-ripples-legal-challenges/" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP</a>) maintains a calm outlook amidst market uncertainties.</p>
<h2 style="text-align: justify" id="what-will-bitcoin-btc-be-worth">What Will Bitcoin (BTC) Be Worth?</h2>
<p style="text-align: justify"><strong>Bitcoin’s</strong> price is seen trapped in a descending and expanding wedge. This formation suggests a potential breakout could increase BTC by 21% to $85,500. However, this level may remain distant for now.</p>
<p style="text-align: justify"><img fetchpriority="high" decoding="async" class="aligncenter size-full wp-image-374448" src="https://coin-turk.com/wp-content/uploads/2024/07/btc-fiyat-kac-dolar-coin-turk-com.png" alt="" width="497" height="209"></p>
<p style="text-align: justify">Despite this, a breakout above the current ATH of $73,800 could have a significant impact. BTC has experienced major fluctuations but remains above the crucial support of $67,100. As of writing, BTC is trading at $68,900, having briefly surpassed $69,000.</p>
<p style="text-align: justify">A breakout could move BTC out of the formation. However, past attempts at breaking out of this formation have often failed. If a breakout does not occur, BTC might retest $63,000.</p>
<h2 style="text-align: justify" id="what-is-1-ethereum-eth-worth-in-tl">What Is 1 Ethereum (ETH) Worth in TL?</h2>
<p style="text-align: justify">Ethereum was at the center of one of this month’s most anticipated events. Spot ETH ETFs began trading this week, but the expected price rally did not occur, leading to a significant drop.</p>
<p style="text-align: justify"><img decoding="async" class="aligncenter size-full wp-image-374449" src="https://coin-turk.com/wp-content/uploads/2024/07/ethereum-gorunum-coin-turk-com.png" alt="" width="504" height="211"></p>
<p style="text-align: justify">Ethereum’s price fell from $3,500 to below $3,100 before rebounding to $3,313 as of writing. This drop opened the way for ETH to fall to the 23.6% Fibonacci retracement level. This level serves as a support zone and could prevent further declines, potentially leading ETH to rise back to $3,500.</p>
<p style="text-align: justify">However, ETH faces resistance at $3,455, below the 50% Fibonacci level, which could hinder its rise to $3,500. In TRY terms, ETH is valued at 109,528 TL.</p>
<h2 style="text-align: justify" id="what-is-ripple-xrp-worth">What Is Ripple (XRP) Worth?</h2>
<p style="text-align: justify"><strong>XRP</strong> did not experience a significant drop after being rejected at the $0.62 level, and price fluctuations ceased. This level is a major barrier for XRP’s rise, and its failure to break through twice has worried <a href="https://finance.coin-turk.com/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">investors</a>.</p>
<p style="text-align: justify"><img decoding="async" class="aligncenter size-full wp-image-374450" src="https://coin-turk.com/wp-content/uploads/2024/07/xrp-yorum-coin-turk-com.png" alt="" width="486" height="214"></p>
<p style="text-align: justify">If XRP breaks through this level, it could rise to $0.65, reaching a four-month high. If it fails, XRP may continue to consolidate between $0.57 and $0.62.</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-and-ethereum-prices-show-potential-movements/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin and Ethereum Prices Show Potential Movements</a></h5>
<p>The post <a href="https://en.coin-turk.com/bitcoin-and-ethereum-prices-show-potential-movements/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin and Ethereum Prices Show Potential Movements</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Bitcoin and Ethereum Prices Show Potential Movements

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