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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-hovers-near-76000-as-market-anticipates-fed-decision/" data-wpel-link="internal">Bitcoin Price Hovers Near $76,000 as Market Anticipates Fed Decision</a> 
Bitcoin price continues to hover around the $76,000 mark just minutes before the Fed’s interest rate decision. In the following hours, the Fed’s statements might provide support for achieving a new all-time high (ATH). BTC is still progressing toward its cycle peak, and it is likely that prices will be higher by the time Trump takes office in January. 
<h2 style="text-align: justify" id="eth-doge-and-eigen-coin-insights">ETH, DOGE, and EIGEN Coin Insights</h2> 
With the market’s upward trend, crypto experts are becoming more engaged. Previously, little attention was given to altcoins outside of BTC, but analysts are now focusing on them. Daan Crypto Trades has focused on Ether, currently the largest <a href="https://en.coin-turk.com/two-defi-altcoins-leading-the-rise-in-the-ethereum-ecosystem/" data-wpel-link="internal">altcoin</a> by market capitalization. As of the writing, ETH price stands at $2,845. 
<blockquote> 
 “ETH has been trying to break free from the range it has traded since the August crash. There is a crucial level for continuity here. It’s currently trading above the Daily 200EMA (Blue) but has yet to break the higher range and rise above the Daily 200MA (Purple).” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-404582 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/EIGEN-Coin.png" alt="" width="2105" height="1179"> 
According to Altcoin Sherpa, EIGEN Coin could see significant gains with the revival of ETH prices. The recent price drop of this altcoin presents a good opportunity for recovery, with the analyst suggesting that prices could reach $5 and above again. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-404583 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/doge-analist-tahmini-7-kasim.jpg" alt="" width="2362" height="1496"> 
Another analyst shared a chart indicating that the price of <a href="https://en.coin-turk.com/dogecoin-continues-its-rise-by-breaking-resistances-on-the-daily-chart/" data-wpel-link="internal">DOGE</a> could move above $0.339 with daily closures above $0.22. Musk’s open support and upcoming moves regarding D.O.G.E may likely support price increases. 
<h2 style="text-align: justify" id="bitcoin-btc-price-prediction">Bitcoin (BTC) Price Prediction</h2> 
Bitcoin price is at nearly all-time record levels. The price, which is hovering at $76,350, will reach new ATH levels if it exceeds $76,466. With the excitement surrounding the interest rate decision, new ATH levels would not be surprising. However, a <a href="https://en.coin-turk.com/binance-agreement-with-the-us-department-of-justice-shakes-cryptocurrency-markets-analysis-of-price-movements-for-four-cryptocurrencies/" data-wpel-link="internal">crypto analyst</a> known as Roman mentioned in today’s analysis that if higher peaks do not form, we could see a strong lower wick on the daily chart. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-404584 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/roman-trading-yorum-btc.png" alt="" width="340" height="475"> 
BTC could affect the recent gains in altcoins if such a dip occurs. There are numerous forecasts suggesting that news of election results could lead to a sell-off. Given Trump’s upcoming schedule in January, we might experience a period of pause. However, will this happen so soon? Only time will tell. 
The post <a href="https://en.coin-turk.com/bitcoin-price-hovers-near-76000-as-market-anticipates-fed-decision/" data-wpel-link="internal">Bitcoin Price Hovers Near $76,000 as Market Anticipates Fed Decision</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin Price Hovers Near $76,000 as Market Anticipates Fed Decision

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