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Reading: Bitcoin Maintains Strong Position Above $69,000
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COINTURK NEWS > Technical Analysis > Bitcoin Maintains Strong Position Above $69,000
Technical Analysis

Bitcoin Maintains Strong Position Above $69,000

In Brief

  • Bitcoin price remains above $69,000 despite occasional drops.

  • LINA Coin increased by 43% in the last 24 hours.

  • BURGER Coin has increased by 17% in the last 24 hours.

COINTURK NEWS
COINTURK NEWS 12 months ago
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Bitcoin price remains above $69,000 despite occasional drops, which is good news. Altcoins have also seen increased activity. With Bitcoin’s strong performance, some cryptocurrencies have achieved double-digit gains. Currently, the top gainers on Binance are LINA, BURGER, and PYR Coin.

Contents
LINA Coin Price PredictionBURGER Coin Price PredictionPYR Coin Price Prediction

LINA Coin Price Prediction

We have been sharing evaluations for LINA Coin for a few days, and notable movements continue. In the last 24 hours, the LINA Coin price has increased by 43%, reaching $0.0139. It became the top-gaining cryptocurrency on Binance. Two days ago, when LINA Coin started its upward movement, we wrote:

“The price, which has been moving sideways for 48-49 days, has now surpassed $0.0093, ending the shallow volatility period. If the upward breakout is not unsuccessful, we may soon see a peak close to $0.0126. Additionally, targets of $0.0147 and $0.0165 can also be tested.”

Now, if the price, which has closed above $0.0136, can sustain this, targets of $0.0147 and $0.0165 will also come into focus. For a very strong peak upwards, it is possible for $0.0165 to turn into solid support and target new local peaks up to $0.0264.

The main issue here is the price rising at an abnormal speed, similar to the drop in April. The appetite for profit-taking by investors who evaluated the bottom will determine whether the rally continues.

BURGER Coin Price Prediction

If Bitcoin price allows, BURGER Coin, which has closed above $0.581, is likely to return to the $0.840 level where the drop started on April 10. Following the path of LINA Coin, BURGER Coin has increased by 17% in the last 24 hours. Time will tell, but the upper wicks formed in upward attempts indicate that profit-taking is on investors’ minds.

PYR Coin Price Prediction

For two days, PYR Coin has been struggling to close above $6.88, with bulls unable to reach their targets amid intense profit-taking. If the $5.5 level is lost, sales are likely to accelerate, testing levels of $5.3 and $4.69. Of course, it can gather strength and test resistance again, but for this, the buying appetite must be motivated by something other than speculative movement enthusiasm.

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 4 June, 2024 - 4:54 pm 4 June, 2024 - 4:54 pm
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