bullish

Bitcoin

DeFi

Chainlink

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/market-analysis-indicates-bitcoins-current-position-and-predictions-for-link-coin/" data-wpel-link="internal">Market Analysis Indicates Bitcoin’s Current Position and Predictions for LINK Coin</a> 
Bitcoin is currently hovering around $105,000, while <a href="https://en.coin-turk.com/cryptocurrency-prices-continue-to-slide-with-bitcoins-decline/" data-wpel-link="internal">altcoins</a> have experienced significant losses in the past 24 hours, with declines of up to 5%. The recent drop in Bitcoin’s price has contributed to these losses, aligning with earlier forecasts of fluctuating prices. Even in bullish markets, it is not unusual to see price stagnation, a phenomenon that has been anticipated for some time. The critical question arises: what will be the future price of <a href="https://en.coin-turk.com/2024-altcoin-predictions-chainlink-community-counts-down-to-bull-season/" data-wpel-link="internal">LINK</a> Coin? 
<h2 style="text-align: justify" id="bitcoin-btc-analysis">Bitcoin (BTC) Analysis</h2> 
In today’s market assessment, the situation of Bitcoin has been thoroughly analyzed. The analysts pointed out crucial support and resistance levels, advising what market participants can expect under different scenarios. 
<blockquote> 
 “Bitcoin reached a target of $108,000 – what’s next?” 
 BTC temporarily hit $108,000 but is now correcting. 
 Key support lies between $101,500 and $102,500. A bounce here could lead to an increase towards $110,000. Will the bulls maintain this threshold, or will a deeper decline follow?” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-415802 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/12/bitcoin-18-aralik-fiyat-tahmini.jpg" alt="" width="1280" height="710"> 
<h2 style="text-align: justify" id="chainlink-link-price-prediction">Chainlink (LINK) Price Prediction</h2> 
Chainlink has emerged as a leading player in <a href="https://en.coin-turk.com/bitcoin-and-altcoins-plummet-suddenly-whats-happening-in-the-market/" data-wpel-link="internal">crypto</a> infrastructure services, particularly dominating price feeds in the DeFi sector. The company aims for similar success in the RWA domain and has initiated the CCIP project for this purpose. In a recent evaluation by Poppe’s analysis firm, they noted: 
<blockquote> 
 “Re-tests and liquidity grabbing are taking place. 
 In this instance, $LINK dropped below support to capture liquidity and re-test previous support levels. Following this, the initial target is the previous high, potentially resulting in a 50% movement. What’s next? 
 Possibly, entries around $25-$27.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-415803 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/12/link-coin-18-aralik-fiyat-tahmini.png" alt="" width="2229" height="1186"> 
The potential drop could present one of the last buying opportunities before an anticipated significant rise next year. 
Ali Charts expresses a more optimistic short-term outlook. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-415804 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/12/link-coin-yukselis-hedefi.jpg" alt="" width="2362" height="1590"> 
<blockquote> 
 “The TD Sequential indicator gave a buy signal for Chainlink $LINK on the 4-hour chart. If the key support at $26.8 holds, #LINK could aim for recovery towards $28.5 and even $30.2.” 
</blockquote> 
After reaching a daily low of $103,137, the price of BTC increased by over $2,000. However, upcoming Fed announcements may lead to significant volatility until the daily close. 
The post <a href="https://en.coin-turk.com/market-analysis-indicates-bitcoins-current-position-and-predictions-for-link-coin/" data-wpel-link="internal">Market Analysis Indicates Bitcoin’s Current Position and Predictions for LINK Coin</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Market Analysis Indicates Bitcoin’s Current Position and Predictions for LINK Coin

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