Cryptocurrency

Bitcoin

Momentum

Sherpa

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-surges-as-altcoins-gain-momentum/" data-wpel-link="internal">Bitcoin Price Surges as Altcoins Gain Momentum</a> 
Bitcoin (BTC) price stands at $74,000 at the time of writing. Altcoins are experiencing a positive day. We observe impressive gains among cryptocurrencies ranked by market capitalization. What are the predictions from experts? Is further upward movement possible? 
<h2 style="text-align: justify" id="cryptocurrency-surge">Cryptocurrency Surge</h2> 
Bitcoin (BTC) continues to linger at $74,000, breaking its all-time high. Crypto traders are becoming more enthusiastic following Trump’s victory, which has been so exhilarating that it feels like a win for cryptocurrencies as well. 
But is there room for a further rise? In the latest market assessment, Kyledoops addressed this question and highlighted the BTC MVRV data. 
<blockquote> 
 “The MVRV metric indicates that Bitcoin still has room to grow before overheating. 
 While growth momentum may decrease as market capitalization rises, be prepared for a potential peak around MVRV near 3.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-404159 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/btc-mvrv-kripto.jpg" alt="" width="1280" height="718"> 
We have not yet approached the levels the analyst is watching for a cycle peak, and upcoming ETF volume data will be crucial in the coming hours. 
<h2 style="text-align: justify" id="eth-and-dogecoin-doge">ETH and Dogecoin (DOGE)</h2> 
Altcoin Sherpa states that ETH is likely to find its bottom soon. As Bitcoin’s market dominance increases, it wouldn’t be surprising to see ETH’s price reach a new low against BTC. However, the fact that much of the journey is behind is reassuring. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-404160 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/btceth-anaiz.jpg" alt="" width="2091" height="1179"> 
Dogecoin (<a href="https://en.coin-turk.com/doge-shows-strength-against-btc-analyst/" data-wpel-link="internal">DOGE</a>) ranks among the highest gainers in <a href="https://en.coin-turk.com/gsr-markets-moves-millions-of-wld-to-exchanges-after-worldcoin-price-surge/" data-wpel-link="internal">altcoins</a> today. Elon Musk’s D.O.G.E proposal and Trump’s very warm stance towards cryptocurrencies have been significant factors here. Altcoin Sherpa currently identifies DOGE as the best <a href="https://en.coin-turk.com/what-is-perlin-coin/" data-wpel-link="internal">altcoin</a> to trade. 
<blockquote> 
 “DOGE is currently one of the best coins to invest in. 
 It has high liquidity and substantial volatility. 
 In LTF, continue to scalp in any demand zones on lower timeframes, place bids. 
 If DOGE begins to pull back significantly, mark the .382 fib level. This should be a great entry point. 
 I hope to see it pause for a few days; that would be an excellent entry.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-404161 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/doge-yatirim-stratejisi.jpg" alt="" width="2091" height="1179"> 
For DOGE, targets of $0.23 and $0.28 could be tested in an environment of excessive demand. Currently hovering near $0.19 is a positive sign. 
The post <a href="https://en.coin-turk.com/bitcoin-price-surges-as-altcoins-gain-momentum/" data-wpel-link="internal">Bitcoin Price Surges as Altcoins Gain Momentum</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin Price Surges as Altcoins Gain Momentum

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