The leading cryptocurrency, <a href="https://en.coin-turk.com/bitcoin-and-ethereum-key-insights-and-future-expectations/" target="_blank" rel="noopener" data-wpel-link="internal">Bitcoin (BTC)</a>, continues to recover following incidents related to Binance and Coinbase, as experts disclose their expectations for the currency. 
<h2 style="text-align: justify;" id="bitcoin-expectations">Bitcoin Expectations!</h2>
The BTC/USD pair has charted a significant long-term trend line near $26,500. Following sudden volatility surrounding industry news, the pair returned to horizontal trading after bouncing from the lowest levels in three months. 
Now, the 200-week moving average (WMA) has become a critical focus point. Trading group Decentrader stated in a part of the day&#8217;s analysis: 
<blockquote>We are sitting right above the 200WMA.</blockquote>
Decentrader opted for a cautious short-term perspective, warning of a growing long/short ratio on exchanges and potential selling at the start of the US trading session. Popular analysts, including Crypto Tony, remain on the sidelines until a clearer trend emerges. In recent comments to his Twitter followers, he said: 
<blockquote>This is the structure I&#8217;m watching in Bitcoin right now, and I stay out of a position while it&#8217;s mid-range. There&#8217;s no need to rush entries when things aren&#8217;t clear. We had a good short circuit before, now we&#8217;re preparing for the next entry.</blockquote>
<img decoding="async" loading="lazy" class="aligncenter wp-image-83657 size-full" src="https://en.coin-turk.com/wp-content/uploads/2023/06/bitcoin-7.png" alt="" width="1952" height="982" srcset="https://en.coin-turk.com/wp-content/uploads/2023/06/bitcoin-7.png 1952w, https://en.coin-turk.com/wp-content/uploads/2023/06/bitcoin-7-300x151.png 300w, https://en.coin-turk.com/wp-content/uploads/2023/06/bitcoin-7-768x386.png 768w, https://en.coin-turk.com/wp-content/uploads/2023/06/bitcoin-7-1536x773.png 1536w, https://en.coin-turk.com/wp-content/uploads/2023/06/bitcoin-7-1200x604.png 1200w" sizes="(max-width: 1952px) 100vw, 1952px" />
Critical Level! 
In the shared chart, by emphasizing a &#8220;support zone&#8221; just below $26,000 as a potential downward target, he underlined: 
<blockquote>Unchanging view about Bitcoin. Consolidation, falling wedge. It&#8217;s not too interesting until we find an exit.</blockquote>
Contrarily, more optimistic statements come from popular investor King La Crypto, who has been observing a potential bullish repeat since early March. Noted analyst Mikybull <a href="https://en.coin-turk.com/" target="_blank" rel="noopener" data-wpel-link="internal">Crypto</a> was among those who drew a positive conclusion for BTC. The expert stated in his remarks: 
<blockquote>
We can see the market maker model in play when we correlate the Dollar Index DXY and Bitcoin. BTC still has another leg up.
</blockquote>
The post <a rel="nofollow" href="https://en.coin-turk.com/bitcoin-recovery-trend-continues-analysts-share-expectations/" data-wpel-link="internal">Bitcoin Recovery Trend Continues: Analysts Share Expectations </a> appeared first on <a rel="nofollow" href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin Recovery Trend Continues: Analysts Share Expectations

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