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COINTURK NEWS > Technical Analysis > Experts Predict Bitcoin and Altcoin Price Movements
Technical Analysis

Experts Predict Bitcoin and Altcoin Price Movements

In Brief

  • Bitcoin seems to have bottomed at $65,078 and returned to $65,677.

  • XRP investors liked the price fluctuating between $0.46 and $0.57.

  • TON Coin closures above $7.87 signal the continuation of the rally.

COINTURK NEWS
COINTURK NEWS 11 months ago
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Bitcoin (BTC) seems to have bottomed at $65,078 and returned to $65,677. If it can reclaim $66,250, we might see altcoin losses being compensated in the coming hours. So, what are the current price predictions for BTC, XRP, DOGE, AVAX, NOT, and TON Coin? What are investors expecting? As the weekend approaches, let’s examine the possible targets for June 14-17.

Contents
Bitcoin (BTC)XRP Coin PredictionsDOGE Price PredictionTON Coin Price PredictionAVAX Price PredictionNOT Coin Price Prediction

Bitcoin (BTC)

Renowned traditional market figure Peter Brandt recently wrote that BTC price could drop to $60,000 and then to $48,000. It was discouraging. The whale group holding at least a thousand BTC reached an all-time high in supply, which is positive. Another good news today was the announcement of MicroStrategy’s $700 million bond issuance. The company owns 214,400 BTC.

CryptoQuant research head Julio Moreno wrote on June 12 that nearly 300,000 ETH were bought, and this excessive demand in 24 hours was the second-largest accumulation compared to the 317,000 ETH on September 11, 2023.

Returning to BTC, the 20-day exponential moving average (EMA) at $68,234 has broken down. The RSI is weakening, and the price lost the 50-day average at $66,047. If it cannot reclaim this level, sales could deepen towards $60,000.

XRP Coin Predictions

The price, fluctuating between $0.46 and $0.57 for a long time, sees buying at support and selling at resistance. XRP Coin investors liked this and are not moving out of the narrow range. However, if the base at $0.46 is lost, deeper losses to $0.41 could be seen. For an upward target, $0.51 should be quickly reclaimed.

DOGE Price Prediction

The DOGE price trying to find support at $0.13 could not surpass the 20-day EMA at $0.15. We mentioned it could fall to $0.12, and it might test this price by June 17. If sales continue, they could deepen to $0.08.

TON Coin Price Prediction

Closures above $7.87 are a clear signal for the continuation of the rally. If it succeeds, buyers could eagerly continue towards the bull formation target of $10.62. In the opposite scenario, new dips in the $6-7 range are expected.

AVAX Price Prediction

The 20-day EMA at $34 was lost, and the AVAX price is now finding buyers at $29.74. We wrote that $31.5 would be the last stop as support; otherwise, sales could continue to $25 and $20. In the opposite scenario, $31.5 and $34 would be followed by a target of $38.

NOT Coin Price Prediction

It gained significant momentum and rose very steadily. Despite recent BTC losses, it did not suffer massive losses. If the base at $0.01683 is maintained, it could return to $0.0218. Subsequently, targets will be $0.0224 and $0.0245.

NOT Coin losing the $0.014 threshold could start a downtrend. Here, the potential for a dip to the $0.0053 base arises.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 14 June, 2024 - 10:10 pm 14 June, 2024 - 10:10 pm
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