Carl

Bitcoin

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-and-apt-coin-analysts-predict-market-trends/" data-wpel-link="internal">Bitcoin and APT Coin Analysts Predict Market Trends</a> 
As of the time of writing, the Bitcoin price stands at $61,800, with a daily low established at $61,634. The price fluctuations have shifted in favor of sellers following a rejection at the $67,000 mark. Current predictions regarding BTC have drawn attention, alongside inquiries about the price target for APT Coin. 
<h2 style="text-align: justify" id="bitcoin-predictions-and-insights">Bitcoin Predictions and Insights</h2> 
Opening in the red, Bitcoin (BTC) has caused a decline in the overall <a href="https://en.coin-turk.com/investors-monitor-altcoins-as-btc-stabilizes/" data-wpel-link="internal">altcoin</a> market. While some <a href="https://en.coin-turk.com/leverage-boost-for-brc-20-sats-on-binance/" data-wpel-link="internal">altcoins</a> have shown positive divergence as reported in our latest updates, the general demand remains weak, bringing them closer to critical support levels. Crypto analyst Carl recently stated: 
<blockquote> 
 “If Bitcoin breaks this descending triangle, it could drop to $60,700!” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-395808 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/9-ekim-btc-analist-tahmini.jpg" alt="" width="2152" height="1187"> 
Given that the support level has been breached multiple times, BTC may face further losses. The $61,700 mark has long been a critical level, and BTC dipped below this temporarily today. If it remains under $60,700, altcoins could face unpleasant surprises. 
<h2 style="text-align: justify" id="apt-coin-predictions-and-market-outlook">APT Coin Predictions and Market Outlook</h2> 
While <a href="https://en.coin-turk.com/solana-prepares-for-major-changes-in-2024/" data-wpel-link="internal">SOL</a> Coin has fallen back to $140, the ETH price has decreased to $2,438. The outlook for altcoins is not promising. On the APT Coin front, Crypto Tony highlighted a potential drop to the $7.70 area if the resistance level cannot be surpassed. Should BTC rise quickly, APT Coin might reclaim the $10.50 resistance, making a move towards the $20 target possible. Otherwise, bulls will have a tougher battle ahead. 
Tony shared the following chart and commented: 
<blockquote> 
 “Bulls need to reclaim $10.50 as support for the next rally.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-395809 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/bitcoin-kac-dolar-olur.jpg" alt="" width="2048" height="1129"> 
This week, U.S. inflation data is expected to be released, and if these figures are positive following strong employment numbers, it may provide support for risk markets. 
The post <a href="https://en.coin-turk.com/bitcoin-and-apt-coin-analysts-predict-market-trends/" data-wpel-link="internal">Bitcoin and APT Coin Analysts Predict Market Trends</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin and APT Coin Analysts Predict Market Trends

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