Cryptocurrency

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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-significant-rise-in-cryptocurrency-prices/" data-wpel-link="internal">Analyst Predicts Significant Rise in Cryptocurrency Prices</a> 
If you could see the future and only you could do it, it would be great; you could know price movements in advance. However, none of us have such an ability, and the only thing we can do is look at historical data, perform <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">technical analysis</a>, and create projections based on <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">news</a> flow and calendar. 
<h2 style="text-align: justify" id="6-12-month-forecast-for-cryptocurrencies">6-12 Month Forecast for Cryptocurrencies</h2> 
Historical data is one of the most important tools for people who cannot see the future in crypto. The tendency of historical data to sometimes repeat itself and investors’ desire to buy this potential early can sometimes cause the price graph to develop as expected. Recently, one of the popular analysts highlighted historical data he hopes will repeat. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-367655 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/Coinbase-BTC-Premium.png" alt="" width="1262" height="558"> 
FalconX’s research director argues that a “magnificent” rise scenario will occur for cryptocurrencies in the coming months. 
<blockquote> 
 “We always experience the darkest moments before dawn, don’t we? 
 According to my calculations, the last time the Coinbase premium was this negative was a few months before the big rally from October 2023 to March 2024.” 
</blockquote> 
If the same happens again, we may experience a process similar to the August 2023 rally that BTC started from $25,000. 
<h2 style="text-align: justify" id="coinbase-premium-index-and-rise">Coinbase Premium Index and Rise</h2> 
Coinbase Bitcoin premium index tracks the difference between BTC’s price on Coinbase Pro and its price on <a href="https://en.coin-turk.com/binance-denies-exposure-of-sensitive-codes-on-github/" data-wpel-link="internal">Binance</a>. Where can US investors, especially institutions, buy from? Since the largest, most liquid exchange operating in the region is Coinbase, most transactions occur there. So, if demand is high on Coinbase, the price difference between Binance and Coinbase widens. In the opposite scenario, the gap closes, indicating weak interest. Binance, on the other hand, serves a very broad customer base globally. 
The deep drop in the Coinbase premium index shows that the buying pressure from American investors has weakened. According to Lawant, US investors will eventually have to return and bring this index back to normal levels. 
Of course, this situation should also increase the BTC price. According to the expert, in this scenario, we will see high volatility and a rise scenario over the next 6-12 months. Moreover, the beginning of this may not be far off. 
“A voice inside me tells me that the next 6-12 months will be magnificent and probably volatile. Let’s see!” 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-significant-rise-in-cryptocurrency-prices/" data-wpel-link="internal">Analyst Predicts Significant Rise in Cryptocurrency Prices</a></h5>

Analyst Predicts Significant Rise in Cryptocurrency Prices

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