Solana

Bitcoin

LayerZero

Valhalla

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-and-altcoins-face-high-volatility-amid-market-uncertainty/" data-wpel-link="internal">Bitcoin and Altcoins Face High Volatility Amid Market Uncertainty</a> 
Bitcoin (BTC) and altcoins have not shown the desired performance for two quarters. On the other hand, altcoins have lost more value during this period. We have witnessed net outflows in the BTC ETF channel for 8 days. Moreover, recession concerns are mounting ahead of the Fed’s <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">interest rate</a> cut. All these factors indicate that the current period is pregnant with high volatility. 
<h2 style="text-align: justify" id="zro-coin-predictions">ZRO Coin Predictions</h2> 
LayerZero (ZRO) has recently become one of the popular alternative networks and made a splash in the airdrop frenzy. As competitors to networks like Solana increase, market uncertainty has triggered greater losses. The <a href="https://en.coin-turk.com/bitcoin-price-struggles-to-reclaim-68000-despite-ongoing-sales/" data-wpel-link="internal">crypto analyst</a> known as Cryptobullet shared his targets for ZRO Coin a few hours ago. 
One of the main points he wanted to highlight is that there will be no unlock until July 2025. This means the current supply in the markets will remain the same during the expected rise period. 
<blockquote> 
 “ZRO Coin daily chart. It doesn’t have much history, but I really like this Symmetrical Triangle. Even if it breaks and turns into something else, my targets will remain pretty much the same. 
 The most interesting part: 110 million ZRO tokens are in circulation, and they won’t be unlocked until July 2025. 
 Macro Target 1 – $14 
 Macro Target 2 – $22 
 Macro Target 3 – $40” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-387453 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/ZRO-Coin-Fiyat-Tahmini-scaled.jpg" alt="" width="2560" height="1373"> 
<h2 style="text-align: justify" id="bitcoin-analyst-prediction">Bitcoin Analyst Prediction</h2> 
The analyst known as Nagato had written that the weak performance period of September would continue. We haven’t even reached the middle of the month yet, but BTC is exactly as he said. According to Nagato, the performance supported by historical <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> will not last very long. He even uses the phrase “you might have lost your mind” for those who think the decline will continue for a long time. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-387454 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/Nagato-BTC-Yorumu.jpg" alt="" width="1280" height="910"> 
<blockquote> 
 “Say what you will: &gt; Bull flag &gt; Cup and handle &gt; Valhalla pattern 
 Do whatever you want. But if you look at this chart, consider the current macro context we’re in, and still decide to be bearish, you must have lost your mind. I shared this chart when $BTC was trading around $57,000 and specifically noted that the beginning of September could be volatile, making it likely to touch the lower region of the flag/handle once more. This region was successfully touched, and now it looks like we’re bouncing from there – though it’s still too early to say anything definitive, as we need some confirmations. 
 However, in my personal opinion, considering both technical and macro factors, if we haven’t hit the bottom, we will soon. Then we’ll only go up. The next few months will be wild, focus on the blue arrow.” 
</blockquote> 
The post <a href="https://en.coin-turk.com/bitcoin-and-altcoins-face-high-volatility-amid-market-uncertainty/" data-wpel-link="internal">Bitcoin and Altcoins Face High Volatility Amid Market Uncertainty</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin and Altcoins Face High Volatility Amid Market Uncertainty

Table of Contents

COINTURK NEWS

Other articles published on Sep 9, 2024

Panda Ling ($LING) Unveils TRON-Based Tap2Earn and Task2Earn Platform – Presale Event Announced

ApeCoin Launches BluePrint Initiative to Enhance ApeChain with New Tools and Content

Sonic SVM announces $12.8m HyperGrid Node sale on Solana

Core Scientific Strikes $6.7 Billion Deal with CoreWeave Amid Restructuring

Overtake’s Somnis: Rumble Rush Surpasses 30,000 Registrations Just Three Weeks After Launch

Analysts Share Latest Bitcoin and DOT Coin Predictions

Join our free newsletter for daily crypto updates!