Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-trends-and-market-predictions/" data-wpel-link="internal">Bitcoin Price Trends and Market Predictions</a> 
<a href="https://coin-turk.com/yatirim-sirketi-invesco-bitcoin-etp-baslattigini-duyurdu" data-wpel-link="internal">Bitcoin</a> price once again exceeded $66,000 today but failed to reach new peaks after the US market opened. Although a more moderate week in crypto was expected, it’s hard to speak of a great performance on the first day. Most altcoins achieved modest gains and are maintaining important support levels. So, what are the latest predictions from experts? 
<h2 style="text-align: justify" id="bitcoin-btc">Bitcoin (BTC)</h2> 
After the sales experienced last week, there is a promising recovery underway. Despite the promising return, it does not resemble previous recoveries. Demand is weak and <a href="https://coin-turk.com/sicak-gelisme-sec-baskanina-spot-bitcoin-etf-sorusu" data-wpel-link="internal">BTC</a> has not yet reached $69,000. The lack of momentum after the weekly peak is frustrating for bulls. Popular cryptocurrency analyst Skew wrote the following; 
<blockquote> 
 “So far, the spot flow has basically been a sea of algorithmic sales against a single person’s bid. Could be a boring session until later?” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-343216 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/btc-likidite-.png" alt="" width="1156" height="629"> 
According to CoinGlass data, a new buyer concentration formed today between $64,000 and $65,500. A similar scenario was also observed between $66,500 and $67,750. Regarding the stacked demand liquidity, Skew said, “Time will tell whether these are fake orders or not.” 
<h2 style="text-align: justify" id="will-bitcoin-price-increase">Will Bitcoin Price Increase?</h2> 
The focus this week was on the close, and for now, we know a level that prevents deeper lows has been maintained. Throughout the week, many experts mentioned that at least $62,000 needed to be preserved. Analyst Matthew Hyland was pleased with the preservation of a significant moving average in the last weekly close. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-343217 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/BTC-artabilir-.png" alt="" width="1252" height="680"> 
<a href="https://en.coin-turk.com/famous-bitcoin-greed-and-fear-index-gives-rise-signal/" data-wpel-link="internal">Bitcoin</a>‘s 10-week simple moving average is an important support line for bulls, and we saw that the recovery in October 2023 started from here. Now, with the expectation of a second and larger rise wave after the halving, the current outlook is promising. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-343218 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/credible-btc-tahmini-.png" alt="" width="1301" height="649"> 
Credible <a href="https://en.coin-turk.com/bear-markets-in-crypto-a-realm-of-opportunities-and-market-psychology/" data-wpel-link="internal">Crypto</a> is concerned that early long positions before the major rise movement will be exposed to a new liquidity cleanup. 
<blockquote> 
 “If this movement pauses before it really starts, then I would expect such a development. Since the movement began, there has been a good short-term open position rise. A downward move to clean up longs before the real rally wouldn’t surprise me.” 
</blockquote> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-trends-and-market-predictions/" data-wpel-link="internal">Bitcoin Price Trends and Market Predictions</a></h5>

Bitcoin Price Trends and Market Predictions

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