Cryptocurrency

bullish

Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/experts-predict-bitcoins-price-movements-following-recent-declines/" data-wpel-link="internal">Experts Predict Bitcoin’s Price Movements Following Recent Declines</a> 
As of the article’s preparation, Bitcoin (BTC) price dropped to $96,500, which does not look promising. It is not surprising to see minor corrections even during attempts to reach all-time highs. However, if the decline deepens, <a href="https://en.coin-turk.com/artificial-intelligence-coins-rise-on-first-day-of-world-ai-cannes-festival/" data-wpel-link="internal">cryptocurrency</a> traders might face challenging conditions. What do experts predict regarding this recent downturn? 
<h2 style="text-align: justify" id="bitcoin-decline-target">Bitcoin Decline Target</h2> 
Experts have mentioned a bearish signal due to divergence in the RSI. The previously maintained level of $97,138 was broken on the third consecutive day, and closures below this level may not yield favorable results. At least for the short term, the current test must remain as a lower wick to prevent further deepening of the decline. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-409559 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/BTCUSDT_2024-11-24_15-43-22.png" alt="" width="1814" height="836"> 
Kyledoops recently shared a liquidation map indicating that the Bitcoin (BTC) price might drop to $95,000, potentially liquidating $3.4 billion in long positions. If the decline continues in this manner, panic selling could occur in <a href="https://en.coin-turk.com/important-insights-from-a-popular-cryptocurrency-analyst-are-we-late-for-bitcoin-and-altcoin-investments/" data-wpel-link="internal">altcoins</a>. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-409560 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/btc-likidasyon-haritasi.jpg" alt="" width="1080" height="880"> 
<h2 style="text-align: justify" id="cryptocurrency-predictions">Cryptocurrency Predictions</h2> 
Even on the most exciting days of upward movements, those trading short-term could experience nightmare scenarios. Especially regarding altcoins, the recent pullback has led to frustrating results. In upcoming hours, if ETH falls below $3,100, the situation for altcoins may worsen. 
Nonetheless, the medium-term outlook remains positive; historical data can provide motivation for investors looking towards December, despite short-term fluctuations. At the time of writing, Daan Crypto Trades shared the monthly performance table of BTC, noting the following: 
<blockquote> 
 “Bitcoin is on track to have the best November in five years, mirroring 2020. 
 A generally green November often leads to a green December the following month, particularly in halving years (2016 and 2020). 
 We will see if this trend continues.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-409561 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/btc-yillara-gore-aylik-performns.jpg" alt="" width="1200" height="670"> 
Scott Melker expressed concerns about a possibly deeper correction. 
<blockquote> 
 “Significant bearish divergence with overbought RSI in many timeframes. This typically indicates at least a local top. 
 No signal is 100% certain, but this one tends to be reliable. We will look for hidden bullish divergence to negate the bearish divergence. The previous all-time high of $74,000 has not been tested as support. There’s no reason for it to be touched, but it’s always worth looking at previous ATHs. The most likely area for a pullback is the 80-90K range.” 
</blockquote> 
<img loading="lazy" decoding="async" loading="lazy" class="size-full wp-image-409562 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/btc-dusus-tahmini-hedefi-scaled.jpg" alt="" width="2560" height="1509"> 
The post <a href="https://en.coin-turk.com/experts-predict-bitcoins-price-movements-following-recent-declines/" data-wpel-link="internal">Experts Predict Bitcoin’s Price Movements Following Recent Declines</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Experts Predict Bitcoin’s Price Movements Following Recent Declines

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