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Bitcoin (BTC) price remains negative, and as of the time of writing, the US markets had not yet opened. This indicates that the price could drop further in the coming hours. Over the past few weeks, we have seen that sales accelerated during US trading hours. As COINTURK, we have compiled the Bitcoin and POPCAT Coin comments of two different analysts for you.
POPCAT Coin Price Prediction
One of the popular altcoins of the last few months has been POPCAT Coin, bringing quick gains to its investors. Moreover, due to high price volatility, it created a good environment for short-term traders. Daan Crypto Trades published a new assessment for POPCAT about an hour ago.
The analyst sharing the above chart mentioned that if we see a reversal in BTC price, it is possible for investors to gain quickly with a rapid recovery.
“POPCAT is preparing for a major peak.
It is still one of the most talked-about and highly volatile meme coins. If BTC bounces, I think the race of cat coins to reach 1 billion dollars will restart (this competition will turn into a profit opportunity).
Although I am staying away for now, watching here for big moves could be a good option.”
Recent Bitcoin Comments from Analysts
Boring price movements have also exhausted analysts. Altcoin Sherpa shared the following chart in his assessment published about an hour ago, stating that he is not sure about movements in either direction. However, there are more supportive factors for the bears.
“For those expecting a rise, BTC is in a low range, and support/resistance levels are being maintained. However, for the bears (those taking short positions), the 200-day average confirms the downtrend. Support has been tested many times, and the outlook on the macroeconomic front is weak.
Overall, to be honest, there is not much confidence in either direction.”
Bitcoin was also discussed by the second analyst, Mister Crypto. He expects the SP 500 chart to break through the resistance area and reach a new all-time high. He expects this for Bitcoin’s price performance because, in his view, when this happens, BTC will rise to $70,000 and above.
“When the stock market breaks the all-time record, BTC will surpass $70,000 and start the next wave of increase.”
