bullish

Cryptocurrency

Future

Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/experts-provide-insights-on-current-bitcoin-trends/" data-wpel-link="internal">Experts Provide Insights on Current Bitcoin Trends</a> 
The price of BTC hovers around $62,000 while <a href="https://en.coin-turk.com/acala-token-aca-supports-web3-finance-liquidity-layer/" data-wpel-link="internal">altcoins</a> experience a classic low-volume weekend. Cryptocurrency traders have been anticipating an end to the prolonged dull markets as we enter the final quarter of the year. Historical data suggests that this period should mark the end of the slump. What are the latest predictions from market experts? 
<h2 style="text-align: justify" id="bitcoin-price-forecasts">Bitcoin Price Forecasts</h2> 
Crypto Tony leads the forecast, stating that BTC will continue to fluctuate within a triangle until it reclaims $65,000. The analyst predicts a bumpy roadmap down to $55,000 and seems uncertain about an imminent end to the dull days. Given that BTC continues to close below $65,000, his outlook may be validated. 
<blockquote> 
 “$BTC / $USD – Update 
 My plan for the next few months. Reclaiming $65,000 invalidates this for me.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-394756 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/tony-btc-6-ekim-grafik-scaled.jpg" alt="" width="2560" height="1282"> 
Faibik, on the other hand, expects a rally towards the $68,000 resistance level in the coming days. 
<blockquote> 
 “Nothing has changed for BTC, but I’m still bullish and expect a move to the $68,000 resistance next week. A breakout from the widening wedge could lead to a significant upward rally.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-394757 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/faibik-btc-tahmini.jpg" alt="" width="2531" height="1209"> 
<h2 style="text-align: justify" id="future-of-bitcoin-and-altcoins">Future of Bitcoin and Altcoins</h2> 
Mikybull recently noted that the leading <a href="https://en.coin-turk.com/hong-kong-grants-conditional-approval-for-bitcoin-and-ethereum-etfs/" data-wpel-link="internal">cryptocurrency</a> is approaching a potential breakout before a significant upward move. The predicted target is $95,000. However, given that Bitcoin has yet to maintain levels above $65,000, this prediction appears ambitious under current conditions. 
Markets can often experience surprising rapid recoveries after prolonged dull periods. Unlike previous cycles, the additional demand from the ETF channel suggests this cycle may be more parabolic. Additionally, the unresolved issue of how futures volume impacts spot prices continues to be a significant challenge. 
<blockquote> 
 BTC looks very bullish on the macro chart. The breakout seems imminent based on the chart analysis. The minimum target is projected at $95,000. 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-394758 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/mikybull-btc-tahmini.jpg" alt="" width="1946" height="1105"> 
For altcoins, the same analyst commented on the expected bullish scenario: 
<blockquote> 
 “Nothing has changed for the upcoming #Altseason. It is currently retesting the breakout channel.” 
</blockquote> 
<img loading="lazy" decoding="async" loading="lazy" class="size-full wp-image-394759 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/altcoin-boga-beklenti.jpg" alt="" width="1946" height="1105"> 
The post <a href="https://en.coin-turk.com/experts-provide-insights-on-current-bitcoin-trends/" data-wpel-link="internal">Experts Provide Insights on Current Bitcoin Trends</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Experts Provide Insights on Current Bitcoin Trends

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