2024

Bitcoin

Optimism

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-nears-53000-as-optimism-grows/" data-wpel-link="internal">Bitcoin Price Nears $53,000 as Optimism Grows</a><br></p>
<p style="text-align: justify"><a href="https://en.coin-turk.com/turbulence-in-bitcoin-btc-amid-mixed-market-sentiment-a-4-5-drop-last-week/" data-wpel-link="internal">Bitcoin</a> (BTC) price is on the verge of reaching $53,000 at the time of writing and has risen to a daily peak of $52,985. Investor optimism is being fueled by significant developments anticipated for the year 2024. The price has increased by more than $700 in a 15-minute candle and could exceed $53,000 today.</p> 
<h2 style="text-align: justify" id="why-is-bitcoin-btc-rising">Why Is Bitcoin (BTC) Rising?</h2> 
<p style="text-align: justify">The leading cryptocurrency reached its 2024 peak of $52,985 at the time of writing. Although we have seen some selling, it has not yet given up the significant gain in the 15-minute candle. Increasing buyer demand at lower levels was indicating that new peaks were approaching. Now, with approximately 45 minutes until the US markets open, the price is pushing the peak higher.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-317239 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-20_16-42-09.png" alt="" width="1814" height="836"></p> 
<p style="text-align: justify">If Bitcoin (BTC) can close above $52,800, we might see the rally continue up to $58,000. The medium-term target is reaching a significant peak of up to $65,000 around the halving (before/after). Even if BTC consolidates at this level with a weekly close, double-digit rises in altcoins could be seen. Therefore, investors need to be prepared for large upward altcoin candles resulting from expectation-driven traders. CHZ has passed the key $0.12 region.</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-price-nears-53000-as-optimism-grows/" data-wpel-link="internal">Bitcoin Price Nears $53,000 as Optimism Grows</a></h5>

Bitcoin Price Nears $53,000 as Optimism Grows

Table of Contents

COINTURK NEWS

Other articles published on Feb 20, 2024

Steer Protocol and Arthswap Forge Strategic Partnership for Crypto Liquidity

Cardano’s Rally Propels ADA Toward the Coveted $1 Mark

Cardano’s Upward Price Correction: Analysts Project ADA Growth

Ripple CTO David Schwartz unveils method to burn 40.7 billion XRP in escrow

Starknet’s STRK sees volatile market debut following airdrop

Top 10 Strategies To Make 100x Profits this Crypto Bull Run

Join our free newsletter for daily crypto updates!