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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-surges-past-72000-as-analysts-provide-insights-on-altcoins/" data-wpel-link="internal">Bitcoin Surges Past $72,000 as Analysts Provide Insights on Altcoins</a> 
For months, Bitcoin (BTC) hovered below $72,000, but the prolonged slump has come to an end. As this article was being prepared, BTC reached the $72,000 mark. This development paves the way for further increases across other altcoins. What are the latest predictions from experts regarding SOL Coin, SUI Coin, and other cryptocurrencies? 
<h2 style="text-align: justify" id="analysis-of-sui-and-sol-coin-charts">Analysis of SUI and SOL Coin Charts</h2> 
Raoul Pal, a renowned figure in the crypto space, released his views on SOL Coin approximately two hours before the U.S. markets opened. Following his insights, the price of BTC surged by 5%, hitting $72,000. This allowed for significant price increases of over 10% for <a href="https://en.coin-turk.com/shiba-coin-faces-decline-as-investor-interest-wanes/" data-wpel-link="internal">SHIB</a> and <a href="https://en.coin-turk.com/analyst-expects-elon-musks-twitter-rebranding-to-boost-dogecoin-doge/" data-wpel-link="internal">DOGE</a>. 
As the article was being prepared, BTC set its daily peak at $72,095. However, closing above $71,500 would serve as a motivational factor for altcoins. Pal mentioned the following regarding SOL Coin: 
<blockquote> 
 “I hope we can break all these levels and move on with our lives. I am not buying or selling, just observing market stages.” 
 “Breaking $185 on SOL Coin would signal the beginning of a significant rally for me. We have paid heavily for unsuccessful attempts in recent months, so I advise caution.” 
</blockquote> 
At the time of writing, SOL Coin was priced at $179. Pal also shared the DOGE chart, noting that it is on the verge of breaking through. The targets of $0.18 and $0.23 remain relevant. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-401677 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/doge-grafigi-pal-scaled.jpg" alt="" width="2560" height="1683"> 
Quinten shared the SUI Coin chart, indicating that developments unfolded as expected. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-401678 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/sui-coin-uzman-yorum.jpg" alt="" width="2369" height="1329"> 
<blockquote> 
 “The SUI scenario I published a few weeks ago unfolded exactly as predicted. It is currently trying to exceed the $2 level again. There is some resistance there, but the market seems to be heating up, so I think the bulls will break through. The next target is $2.18.” 
</blockquote> 
<h2 style="text-align: justify" id="current-status-of-cryptocurrencies">Current Status of Cryptocurrencies</h2> 
We had not seen a daily volume of $3 billion in the BTCUSDT pair on <a href="https://en.coin-turk.com/binance-loans-to-close-all-outstanding-busd-credit-and-collateral-positions/" data-wpel-link="internal">Binance</a> for a long time. This happened as BTC surpassed $72,000. Total daily volume across all exchanges exceeded $100 billion. The increase in volume by 51% coincides with rising prices, marking positive news for the market. 
With the U.S. elections approaching in early November and October nearly over, the Fed is expected to implement another rate cut next month, especially after today’s disappointing JOLTS report. Inflation seems to be on the desired path, indicating that the anticipated scenario for cryptocurrencies may have begun. 
The post <a href="https://en.coin-turk.com/bitcoin-surges-past-72000-as-analysts-provide-insights-on-altcoins/" data-wpel-link="internal">Bitcoin Surges Past $72,000 as Analysts Provide Insights on Altcoins</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin Surges Past $72,000 as Analysts Provide Insights on Altcoins

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