Bitcoin

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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/sec-collects-final-spot-eth-etf-forms-from-issuers/" data-wpel-link="internal">SEC Collects Final Spot ETH ETF Forms from Issuers</a> 
SEC will collect the final S-1 Forms from spot ETH ETF issuers by the end of today, and listings will happen soon. Meanwhile, BTC continues to move between $54,000 and $58,000. Although this situation tires altcoins, gradual recoveries are observed. So, what are the expectations for this week? 
<h2 style="text-align: justify" id="bitcoin-btc-predictions">Bitcoin (BTC) Predictions</h2> 
The market’s inability to recover quickly after the recent drop has fueled concerns about searching for deeper bottoms. However, if the widely accepted scenario occurs, a bottom at $50,000 is possible. Psychology is quite important in this area, and even though there are no sudden massive government and MTGOX sales, <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> are pricing this with a multiplier effect. The fear and greed index entered the extreme fear zone with a 60% drop. 
Crypto market closely watched popular analyst Mark Cullen wrote the following in his latest assessment: 
<blockquote> 
 “With <a href="https://en.coin-turk.com/whats-next-for-bitcoin-and-the-crypto-market/" data-wpel-link="internal">Bitcoin</a> closing the week below May’s lowest level, Friday’s strength seems more like a dead cat bounce, leading us to think it will continue lower in the coming weeks.” 
</blockquote> 
Santiment analysts were also not very pleased with the situation. 
<blockquote> 
 “After a brief jump that gave investors hope, crypto showed pullbacks that brought fear back into the spotlight as the weekend approached. Bitcoin fell 2.3% in the last 24 hours and 8.6% in the past week. BTC lost 18.4% in value over the past month. Most altcoins showed much larger declines.” 
</blockquote> 
<h2 style="text-align: justify" id="will-cryptocurrencies-rise">Will Cryptocurrencies Rise?</h2> 
The German government continues to sell seized assets in parts. These transfers, sometimes to market makers and sometimes to exchanges, trigger on-chain alarms. BTC turned down again after seeing $58,000 with the latest transfer in the last few hours. 
The third <a>crypto analyst Tony expects a big move soon.</a> 
<blockquote> 
 “Bitcoin closed below the lower Bollinger Band on a weekly basis. This is a sell signal. Further downward movement is likely.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-368805 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/Tony-BTC-Dusus.png" alt="" width="1457" height="866"> 
Matthew Hyland, although inclined to rise, finds the ongoing weak closures concerning. 
<blockquote> 
 “BTC confirmed the weekly break of the consolidation range that has been ongoing for months. BTC is still in an uptrend; it needs to drop below $38,000 to end the uptrend, so the uptrend is still completely intact, but this weekly break opens the doors for lower <a>price targets.</a>” 
</blockquote> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/sec-collects-final-spot-eth-etf-forms-from-issuers/" data-wpel-link="internal">SEC Collects Final Spot ETH ETF Forms from Issuers</a></h5>

SEC Collects Final Spot ETH ETF Forms from Issuers

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