Bitcoin

April

Rekt

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-climbs-to-new-peaks-as-analysts-weigh-in/" data-wpel-link="internal">Bitcoin Climbs to New Peaks as Analysts Weigh In</a> 
As the king of cryptocurrency was being prepared, it struggled to push its daily peak higher. The price is above $66,500 and was tested a few minutes ago at $66,824. Today, if the <a href="https://coin-turk.com/bitcoin-btc-ve-ethereum-eth-yorumlari-piyasa-haftayi-kirmizida-mi-kapatacak" data-wpel-link="internal">BTC</a> price can reclaim $66,900, we might see new peaks. So, what do the analyst predictions indicate? 
<h2 style="text-align: justify" id="crypto-expert-commentary">Crypto Expert Commentary</h2> 
Halving event has reduced block rewards to 3.125 <a href="https://en.coin-turk.com/whale-movements-in-the-bitcoin-market/" data-wpel-link="internal">BTC</a>, and the price has increased by more than 5% so far. This event, which occurs every four years, typically results in a short-term decline followed by a rapid recovery. However, this cycle may be different, and the expected drop could have occurred going into the halving week. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-343248 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/btc-vadeli-fonlama.png" alt="" width="1235" height="318"> 
According to Coinglass data, <a href="https://coin-turk.com/hedefler-gayet-net-kripto-para-uzman-analistleri-acikladi" data-wpel-link="internal">Bitcoin</a>‘s open interest (OI) funding rate turned negative again on April 18 and April 21. Now, with a return to a positive rate of 0.0079%, we can talk about strengthening long positions. The same period’s increase in spot price and ongoing demand for altcoins also support this optimism. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-343249 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/ted-btc-yorum.png" alt="" width="777" height="733"> 
Tedtalksmacro mentions a similar event in October 2023, where markets quickly recovered over a six-month period. The last major rally saw prices rise nearly 150% within months, and if the same happens again, a strong general market rally could begin. 
<h2 style="text-align: justify" id="bitcoin-and-crypto-predictions">Bitcoin and Crypto Predictions</h2> 
<a href="https://coin-turk.com/son-dakika-powell-konusuyor-kripto-paralar-yukselecek-mi" data-wpel-link="internal">Crypto analyst</a> Skew views the recent weekly close above $65,000 positively. According to him, this promising close could pave the way for new market peaks. In a recent post, the analyst described the $65,000 to $66,000 range as a sticky price zone, and currently, the rising BTC price to $66,824 is about to leave this zone behind. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-343252 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/skew-btc-yorum.png" alt="" width="1202" height="561"> 
Rekt Capital, another popular analyst, suggests that <a href="https://en.coin-turk.com/binance-ceo-predicts-bitcoin-bull-run-in-2025-amid-market-instability/" data-wpel-link="internal">Bitcoin</a> might linger in a “reaccumulation” phase for several months before entering a “post-halving parabolic rise.” This could mean that the price stuck between $60,000 and $70,000 might continue to frustrate for a while longer. 
<img loading="lazy" decoding="async" loading="lazy" class="size-full wp-image-343253 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/rekt-btc-yorum.png" alt="" width="573" height="767"> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-climbs-to-new-peaks-as-analysts-weigh-in/" data-wpel-link="internal">Bitcoin Climbs to New Peaks as Analysts Weigh In</a></h5>

Bitcoin Climbs to New Peaks as Analysts Weigh In

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