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Bitcoin fiyatı 70,000 dollars has formed a strong psychological resistance, and bulls holding 66,800 dollars is promising. ETF channel is not doing so badly either. According to Farside Investors data, there has been a net inflow of 2.1 billion dollars into BTC ETFs since mid-May. This indicates that investors familiar with traditional markets continue to expect a rise.
Bitcoin (BTC) Prediction
Peter Brandt recently compared BTC to gold and suggested that days might come when 1 BTC would require 100 ounces of gold. Considering the current price, roughly 29 ounces of gold are needed, indicating he expects a new peak above 200,000 dollars. Looking at the BTC price chart, at the end of May, the king of cryptocurrency broke the symmetrical triangle support, but bears failed to achieve more.
Bulls are still struggling to break the triangle upwards, and if successful, the all-time high price could be tested. In this scenario, the target would be 80,000 dollars. But what if bulls can’t find the support they seek? A break below support will be confirmed with closures below, and a new drop to 61,000 dollars will begin after 64,956 dollars.
Arweave (AR) Price Prediction
Recently, it has attracted a lot of attention, and the price has recovered from the 50-day SMA. The movement starting at 37.58 dollars could be halted by strong resistance between 47.51 and 50 dollars. The main breakout area is 50 dollars, which could complete the inverse head and shoulders formation and focus on the formation target. This is 72 dollars.
In the opposite scenario, bears will aim for quick sales for closures below 36 dollars. For now, sudden changes in BTC price could act as a trigger here. AR Coin is hovering around 43 dollars at the time of writing.
Celestia (TIA) Price Prediction
The price above moving averages and positive RSI give investors hope on the TIA Coin front. They don’t seem wrong; a new upward attempt could happen. Bulls will need to focus on breaking the upper region between 12.02 and 12.90 dollars to reach new peaks. In the next phase, closures above the resistance area could test 15.5 and 18.5 dollars.
Although the rejection from the 11.6 dollars resistance is not yet confirmed, in a pessimistic scenario, the 50-SMA will be targeted.
