bullish

FOMO

Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analysts-predict-bitcoins-price-movements-for-the-weekend/" data-wpel-link="internal">Analysts Predict Bitcoin’s Price Movements for the Weekend</a> 
As of the time this article was prepared, Bitcoin is hovering around $98,860, with ongoing attempts to reach $100,000. If it can rise just $412 more, BTC could enter the weekend at a six-figure price point. What might the price be over the weekend? What are the forecasts for <a href="https://en.coin-turk.com/investors-shift-focus-to-altcoins-as-ethereum-leads-market-surge/" data-wpel-link="internal">altcoins</a>? 
<h2 style="text-align: justify" id="bitcoin-weekend-forecasts">Bitcoin Weekend Forecasts</h2> 
With no ETF inflows or options trading during the weekend, the overall volume for BTC is expected to significantly decline in the following hours. Active traders generally do not participate in the markets over the weekend. However, the reduced volumes and weakened order books could lead to significant price movements. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-409309 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/BTCUSDT_2024-11-23_00-36-19.png" alt="" width="1814" height="836"> 
Surpassing the $100,000 mark for BTC is merely a matter of time. Due to recent elections, BTC has seen approximately a 47% increase, creating one of its largest monthly candles in just 17 days. Witnessing such a rise within a single month at these high levels is thrilling. 
<h2 style="text-align: justify" id="altcoins-and-the-weekend">Altcoins and the Weekend</h2> 
In such bullish periods, short-term traders seek opportunities. One advantage of weekend volume shortages is the potential for speculative movements in some low-liquidity altcoins. Thus, we may observe abnormal price movements in certain altcoins ranked within the top 100-200 in market capitalization over the next few hours. 
These unusual rises could lead to increased participation in the rally due to FOMO effects, as BTC has already achieved massive gains. Consequently, we might witness the typical 3-5x surges during bull markets over the weekend. 
Investors holding short positions in altcoins should take seriously the possibility of significant surprises in the next 48 hours. The best scenario this weekend would be if the ETH price surpasses $3,800 while BTC does not experience a large drop. With more liquidity entering altcoins, we could see exciting surges across the board. 
Conversely, if BTC suddenly drops to $80,000, already struggling altcoins might experience abrupt losses of up to 50%. Since no one can predict the future, it is advisable to base your strategies on thorough research. 
The post <a href="https://en.coin-turk.com/analysts-predict-bitcoins-price-movements-for-the-weekend/" data-wpel-link="internal">Analysts Predict Bitcoin’s Price Movements for the Weekend</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Analysts Predict Bitcoin’s Price Movements for the Weekend

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