COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Analyst Warns Crypto Investors Before Recent Surge
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Bitcoin (BTC) > Analyst Warns Crypto Investors Before Recent Surge
Bitcoin (BTC)

Analyst Warns Crypto Investors Before Recent Surge

In Brief

  • Crypto investors followed an analyst's warning before the recent surge.

  • BTC rose by 6%, and ETH price is above $3,436.

  • Global liquidity is the main price catalyst for BTC, favoring cryptocurrencies.

COINTURK NEWS
COINTURK NEWS 10 months ago
Share
SHARE

Crypto investors closely followed an analyst who issued a significant warning before the recent surge. At the time of writing, the king of cryptocurrencies is above $63,600. Investors remain cautious, hoping to maintain and increase these gains in daily and weekly closures.

Contents
CryptocurrenciesCrypto Analyst’s Comments

Cryptocurrencies

BTC rose by 6%, and ETH price is above $3,436. The SEC has reportedly approved the listing of a spot ETH ETF for next Tuesday. The rise in ETH price coincided with comments from Bloomberg ETF analyst Eric. Positive news included Trump’s shooting incident, the end of BTC sales in Germany, and Trump selecting a crypto-friendly Senator as Vice President.

BTC’s price, which increased by nearly $10,000 from the bottom, disappointed those who turned higher levels into short-selling opportunities. It’s uncertain if the continuous rise will persist, but if it does, significant short positions will be liquidated, causing bears to suffer for a while.

Crypto Analyst’s Comments

Turning to the analyst’s assessment, he highlighted USDC’s market dominance. It’s a useful indicator for tracking cash flow into cryptocurrencies. The comment made before this rise mentioned that we are at a significant breaking point that occurs approximately every four years. Meanwhile, Tether minted another 1 billion USDT at the time of writing.

TechDev wrote:

“Crypto dominance against USDT.

Among all cyclical bull markets, this is the first macro break and retest.

Historical setup.

The chart suggests previous attempts might have been rehearsals.”

The analyst, who believed BTC is currently in a “bear trap” phase where “overvaluation concerns and early fears of the cycle ending” are pulling prices down, shared his comment before this rise.

According to the analyst, global liquidity is the main price catalyst for BTC, and it favors cryptocurrencies.

“Global Liquidity <-> Bitcoin.

3.75 Years. The next Tweet will be at an all-time high.”

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.

You Might Also Like

Bitcoin Smashes Records with Unprecedented Weekly Close

Legal Battle Unfolds Against Major U.S. Bitcoin Whale

Bitcoin Surges Beyond $105K as Crypto Market Anticipates New Highs

Metaplanet Expands Cryptocurrency Holdings, Acquiring Over 1,000 Bitcoin

Bitcoin Prices Soar in 2030 Prediction with Ripple Effect on Altcoins

COINTURK NEWS 16 July, 2024 - 12:45 am 16 July, 2024 - 12:45 am
Share This Article
Facebook Twitter
Share
Previous Article Analyst Predicts XRP Price Increase
Next Article Donald Trump’s Incident Spurs Cryptocurrency Surge
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Ethereum Supply Plummets to Decade Low While Prices Soar
Ethereum (ETH)
US Corporate Bankruptcies Surge to Record Levels in Economic Turbulence
Economy
Bitcoin Smashes Records with Unprecedented Weekly Close
Bitcoin (BTC)
Legal Battle Unfolds Against Major U.S. Bitcoin Whale
Bitcoin (BTC)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?