Cryptocurrency

bullish

Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-hits-new-all-time-highs-as-market-anticipates-growth/" data-wpel-link="internal">Bitcoin Hits New All-Time Highs as Market Anticipates Growth</a> 
Bitcoin is experiencing dreamlike days, recently reaching a new all-time high of over $82,000. After a period of stagnation, the anticipated price resurgence materialized. Those expecting a rise in the last quarter were proven right. What are the latest market comments from QCP Capital experts? 
<h2 style="text-align: justify" id="expert-insights-on-cryptocurrencies">Expert Insights on Cryptocurrencies</h2> 
Bitcoin prices were predicted to test the $80,000 mark last week, particularly following Trump’s election win, which was expected to trigger significant market movements. This expectation has clearly turned into reality, with BTC now heading toward six-figure targets. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-405530 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/BTCUSDT_2024-11-11_16-51-59.png" alt="" width="1815" height="836"> 
In their analysis, QCP Capital experts stated, “BTC continues to rise to record levels! Despite reaching new highs, large profit-taking in the long term has resulted in minimal market reaction. This indicates that the market is well-positioned for this rally. 
The market is undoubtedly in a state of excitement, as BTC breaks key resistance and trades within a range over the past few months. Perpetual funding rates are very high, and base returns are at their highest in seven months. While structurally maintaining a bullish trend, we remain cautious against pullbacks stemming from leveraged selling. Historically, such increases in base returns have not lasted long. 
In the short term, even while awaiting this week’s macro events, we expect spot prices to remain at these levels with softened volatility. Key events for this week include U.S. CPI (Wednesday), U.S. PPI (Thursday), and Powell’s anticipated clarity on a 25 basis point rate cut in December (Friday).” 
<h2 style="text-align: justify" id="expectations-in-cryptocurrency">Expectations in Cryptocurrency</h2> 
Unless we see abnormal changes in U.S. macro data, strong price increases in <a href="https://en.coin-turk.com/blackrock-launches-tokenized-asset-fund-on-ethereum-with-securitize-markets/" data-wpel-link="internal">cryptocurrencies</a> are expected to continue for several months, fueled by Trump’s enthusiasm. Investors trading in a narrow range for over two quarters were significantly caught off guard this time, leading to massive liquidations. We have warned multiple times of the potential for such sudden movements. 
The total trading volume of cryptocurrencies stands at $236 billion, with the total market cap approaching $2.77 trillion. The <a href="https://en.coin-turk.com/what-is-hard-protocol/" data-wpel-link="internal">altcoins</a> that gained the most in the past week are CRO, ENA, and <a href="https://en.coin-turk.com/dogecoin-doge-price-analysis-will-the-rally-continue/" data-wpel-link="internal">DOGE</a>. Doge price tested and exceeded the previously announced threshold of $0.28, and it may now initiate a consolidation phase for a journey toward a new all-time high above $0.30. 
The post <a href="https://en.coin-turk.com/bitcoin-hits-new-all-time-highs-as-market-anticipates-growth/" data-wpel-link="internal">Bitcoin Hits New All-Time Highs as Market Anticipates Growth</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin Hits New All-Time Highs as Market Anticipates Growth

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