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COINTURK NEWS > Technical Analysis > Analysts Anticipate Significant Growth for Bitcoin and Other Altcoins
Technical Analysis

Analysts Anticipate Significant Growth for Bitcoin and Other Altcoins

In Brief

  • Bitcoin is expected to rise significantly based on key indicators.

  • SEI Coin shows potential for new peaks if it tests the $0.50 mark.

  • LINK Coin is seen as a strong long-term investment opportunity.

İlayda Peker
İlayda Peker 8 months ago
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For over 200 days, cryptocurrency markets have faced unpleasant price movements. In bullish markets, every participant often feels like an investment genius, witnessing the rise of everything. However, in the realm of cryptocurrencies, much of the four-year cycles emphasizes patience and psychological management. Those who profit during bullish markets are the ones who make purchases at the right times.

Contents
Bitcoin and Crypto Prices Expected to RiseSEI and LINK Coin Analysis

Bitcoin and Crypto Prices Expected to Rise

Henrik Zeberg anticipates at least a 60% rise for Bitcoin (BTC) $104,050, citing three different reasons. The analyst, who shared his chart and reasoning, believes that those who wait patiently will be significantly rewarded in the coming days. So, what are the three major reasons for this bullish expectation?

“Is a minimum 60% rally coming for BTC? We have seen BTC rally at least 60% every time we confirmed the following three indicators:

The RSI (weekly) breaks the downtrend.

The MACD shows a bullish crossover.

The RVGI shows a bullish crossover.

Now we have this confirmation again! Watch Bitcoin (BTC) rise.”

SEI and LINK Coin Analysis

In today’s market analysis, Michael Poppe focused on SEI Coin. He noted that the price is determined to continue rising by creating higher lows and higher highs. According to him, if the $0.50 mark is tested again, new peaks could be reached.

“I think if it tests $0.50 again, you would want to be in a long position. The next target zone: $0.65-$0.70.”

The analyst known as Crypto Bullet stated that besides BTC and DOGE, he holds LINK Coin as his largest altcoin investment. This indicates his confidence in its long-term performance. Other analysts share serious growth expectations for LINK Coin over the long term.

Considering the role of LINK Coin in the RWA space and the team’s efforts to increase token value, it may be a strong option for the future. Crypto Bullet expressed the following:

“After BTC and DOGE, it is my highest-cap asset. I believe this is one of the most obvious plays that many are sleeping on. Once it breaks out, I expect a good run.”

The analyst targets peaks above $30, which LINK Coin has previously achieved.

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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İlayda Peker 17 October, 2024 - 8:46 pm 17 October, 2024 - 8:46 pm
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