While price fluctuations continue in cryptocurrencies, Bitcoin was seen to rise to $65,000 yesterday. After that BTC The price fell back to $64,000 and finally dropped to $63,000. While all this was happening, analysts continued to make optimistic statements.
How Many TL is Bitcoin?
An analyst who correctly predicted the massive cryptocurrency crash in the last half of 2022 stated that the previous upward movement in crypto assets was only a test rise, while the next rise will mean a “real” breakout that takes the markets to new highs. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
Capo In the image he shared on Telegram, the analyst named explained that the recent Bitcoin (BTC) jump was a “test rise” and made a statement indicating that the real rally is coming.
This was a pump to clear liquidity from above. The next pump should be the real breakout.
Capo notes that a clear breakout of the $62,000 level – which is potentially where BTC is currently finding buyers in the $63,000 region – would likely trigger a continued rally towards the $70,000 level.
BTC – simply addressed
– First bullish confirmation: Clean retracement of $62,000 = $69,000-70,000 likely.
– Second bullish confirmation: Clean retracement of $69,000-$70,000 = main target ($75,000-$80,000) likely.
In the meantime, ignore short-term pullbacks…
In addition to the analyst’s comments, BTC/USDT in parity examination When it was made, it was seen that the price found buyers at the level of 2,168,000 TL.
Analyst’s Altcoin Comment
After Bitcoin, Capo turned his attention to altcoins and examined them as well. He made important statements on an OTHERS chart that tracks the market value of the remaining cryptocurrencies, excluding the top 10 crypto assets and stable coins, and aims to measure the strength of altcoins.
The analyst examined the possible process in different time periods. OTHER He examines the market cycle that can be seen on the downside as four main stages: a “pre-altseason” consisting of a downward move and recovery, followed by a “true altseason” consisting of a shorter price correction and a parabolic move upward.
Looking at the chart shared by Capo (above), altcoins may be approaching the final turning point where major rallies will occur. As of writing time, the market value of OTHERS totaled $213 billion.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
