Artificial Superintelligence Alliance

Value

Bitcoin

Rise

Status

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/experts-predict-bitcoins-value-will-rise-following-recent-corrections/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Experts Predict Bitcoin’s Value Will Rise Following Recent Corrections</a> 
Founders of Glassnode, Jan Happel and Yann Allemann, forecast that Bitcoin (BTC) can gain value after a recent correction to low levels around $90,000. The reduced selling activity by long-term holders (LTHs) during this period indicates potential signs of market recovery.
<h2 id="current-status-of-bitcoin">Current Status of Bitcoin</h2>
Experts report that Bitcoin is currently trading at approximately $96,726. This correction is seen as the beginning of Bitcoin’s recovery phase. The decrease in selling by LTHs may suggest that the market is stabilizing.
Happel and Allemann state, “Long-term investors are realizing profits around the $100,000 mark while being less aggressive in selling compared to the first quarter. The absence of significant profit-taking fluctuations suggests that fewer LTHs have exited the market during this correction, indicating we might have reached a bottom.”
<h2 id="expectations-for-fet">Expectations for FET</h2>
Experts also express positive views regarding the AI-based <a href="https://en.coin-turk.com/bitcoin-and-altcoins-price-predictions-and-market-analysis-3/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto</a> project, Artificial Superintelligence Alliance (FET). Currently trading at $1.62, FET experienced an 8.1% increase in the last 24 hours. Negentropic notes that FET has strong fundamentals and holds recovery potential.
<blockquote style="text-align: justify">
 “When Bitcoin corrects during an upward trend, we use our three-factor authentication checklist for alternative crypto opportunities: strong fundamentals, neutral RSI, and the price still being in an accumulation phase. FET meets all the criteria, making accumulation at lower levels reasonable.”
</blockquote>
FET’s price has been consolidating since July, which could represent an opportunity for investors. This situation creates a favorable environment for implementing an effective dollar-cost averaging strategy.
The observed activity in crypto assets like Bitcoin and FET highlights the need for careful monitoring of market dynamics. The behaviors of long-term investors and movements in alternative <a href="https://en.coin-turk.com/what-will-crypto-investors-see-next-week/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrencies</a> may play a significant role in determining future price trends.
When making strategic investment decisions in the <a href="https://en.coin-turk.com/atletico-madrid-takes-legal-action-against-cryptocurrency-exchange-whalefin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto market</a>, following fundamental analysis and market trends is critical. While Bitcoin’s potential recovery period may present new opportunities for investors, the performance of alternative projects can also influence investment decisions.
The post <a href="https://en.coin-turk.com/experts-predict-bitcoins-value-will-rise-following-recent-corrections/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Experts Predict Bitcoin’s Value Will Rise Following Recent Corrections</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

Experts Predict Bitcoin’s Value Will Rise Following Recent Corrections

Table of Contents

COINTURK NEWS

Other articles published on Nov 30, 2024

Crypto Boom: The Older Generation’s ‘Trump Pump’ Windfall

New Cryptocurrency Releases, Listings, & Presales Today – Zenrock, Wood Wide Web, QSTaR

Thought Crypto Riches Were Out of Reach? This New ICO Could Change Your Mind

Glue Hub’s Unique Approach to DeFi Could Change Everything

New Crypto on the Rise: Analysts Predict It Will Surpass Cardano and Dogecoin in the Next Rally!

20% XRP Surge Hints at $2, Bitcoin (BTC) Does Something We Didn't Want, Crucial Pepe (PEPE) Move ...

Join our free newsletter for daily crypto updates!