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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/market-analysts-advise-caution-as-bitcoin-reaches-new-highs/" data-wpel-link="internal">Market Analysts Advise Caution as Bitcoin Reaches New Highs</a> 
Bitcoin price is currently at $67,550 and has surged to $67,998 today. Many market experts noted that reclaiming the $67,000 level this week could trigger a significant rise in <a href="https://en.coin-turk.com/how-to-buy-velas-coin/" data-wpel-link="internal">altcoins</a>. With this key level reclaimed, a stable increase in Bitcoin’s price must commence. However, a popular market commentator has issued a warning. 
<h2 style="text-align: justify" id="stay-alert-in-crypto">Stay Alert in Crypto</h2> 
Crypto Tony highlighted an important detail in his market assessment today, advising traders to remain vigilant. Bitcoin, which has been moving within a narrow range for an extended period, needs to break free from these limitations. This is expected to happen as the U.S. elections approach, creating an exhilarating atmosphere for <a href="https://en.coin-turk.com/bitcoin-struggles-below-30000-as-crypto-market-starts-day-with-decline/" data-wpel-link="internal">cryptocurrencies</a> on election night. 
Tony stated; 
<blockquote> 
 “The elections in the U.S. are approaching, and markets may become more volatile. I will provide updates as much as I can, but always stay alert and have a stop loss in every position.” 
</blockquote> 
Short-term traders have been cautious about this for a while. With BTC fluctuating in a rough 20% range, traders are particularly careful and actively using stop losses, especially in futures trading. 
<h2 style="text-align: justify" id="bitcoin-btc-and-near">Bitcoin (BTC) and NEAR</h2> 
Yoddha remarked, “if in doubt, go.” While saying this, he shared a graph pointing out the tendency of historical data to repeat itself. The key point here is that the RSI is now turning from the bottom, indicating that if BTC price were at its peak, RSI would also be at the top. 
However, as seen in the 14-day chart, it is attempting to escape the oversold region. If Yoddha is correct, BTC should reach new peaks between $210,000 and $320,000. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-400247 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/yoddha-dongu-hedefi.jpg" alt="" width="2429" height="1896"> 
Poppe asserted, “the markets are preparing for a major rally,” a claim he has maintained for months. The only issue has been the delay in the anticipated rises. Sharing the NEAR Coin chart, the analyst wrote; 
<blockquote> 
 “Markets are gearing up for the next big rally. NEAR is a perfect example. It has retested its previous consolidation area and is slowly moving upward. The next target in the rally is $10-15.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-400248" src="https://coin-turk.com/wp-content/uploads/2024/10/near-coin-analiz.png" alt="" width="2242" height="1186"> 
The post <a href="https://en.coin-turk.com/market-analysts-advise-caution-as-bitcoin-reaches-new-highs/" data-wpel-link="internal">Market Analysts Advise Caution as Bitcoin Reaches New Highs</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Market Analysts Advise Caution as Bitcoin Reaches New Highs

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