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COINTURK NEWS > Technical Analysis > Market Analysts Provide Insights on Cryptocurrency Trends
Technical Analysis

Market Analysts Provide Insights on Cryptocurrency Trends

In Brief

  • BTC price sees fluctuations but shows signs of recovery.

  • Analysts predict significant movements for WIF Coin and BNB.

  • Upcoming events may impact the overall crypto market positively.

Ömer Ergin
Ömer Ergin 8 months ago
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BTC price decreased to $62,730 today before climbing back above $63,000. Numerous developments are positively influencing prices in the medium and long term. Globally, interest rates are being lowered, and necessary steps are being taken to expand liquidity. There is significant demand in the ETF channel. What are the predictions for WIF Coin, BNB, and other cryptocurrencies?

Contents
WIF Coin Chart AnalysisBNB Coin Price Forecast

WIF Coin Chart Analysis

Meme coins have emerged as some of the best-performing assets this year, which is unsurprising given the vast number of investors seeking quick gains. It is likely that we will see positive divergence even during the busiest days of the bull markets. A crypto analyst known as Altcoin Sherpa has recently focused on WIF Coin and stated the following:

“A breakout for WIF is imminent. I anticipate significant gains, possibly slight pullbacks, followed by upward movement from the range; at least this is my prediction. We are seeing similar chart setups in many other altcoins.”

If we experience a decline, the analyst targets $1.658 and below that to $1.44, but closing above $1.95 could open doors to peaks over $2.

BNB Coin Price Forecast

CZ is set to resign soon, and he is one of the most significant figures in the crypto world. He has enabled many crypto investors to access altcoins for the first time while growing the Binance exchange under challenging conditions in a gray area. Unlike many other crypto celebrities, he hasn’t defrauded his believers, which earns him respect in such an industry.

As CZ prepares to leave on September 29, analyst Crypto Tony shares a chart, suggesting that the ATH movement could begin soon. The resistance level at $635 is crucial, and surpassing the $720 peak could lead to a new all-time high, potentially even a four-digit price target.

As October approaches, there are only a few days left. Recent quarters have consistently brought upward momentum to the cryptocurrency markets. Experts expect an excellent quarter for BTC, predicting an increase of over 90%. Furthermore, as the Fed, China, and ECB lower interest rates, the upcoming U.S. elections coincide with the new bull season, along with having a spot BTC ETF.

Crypto analyst Jelle has shared the following chart and wrote:

“There is only one week left until October begins. In the last two bull markets, prices peaked approximately 2-3 weeks into the fourth quarter during the summer festival season. The wait is almost over.”

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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Ömer Ergin 24 September, 2024 - 8:08 pm 24 September, 2024 - 8:08 pm
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