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COINTURK NEWS > Technical Analysis > Bitcoin Price Signals New Rise as Volatility Drops
Technical Analysis

Bitcoin Price Signals New Rise as Volatility Drops

In Brief

  • Bitcoin price experienced a drop similar to March 5th.

  • Raca Coin could fall rapidly if it closes below $0.000474.

  • CEEK, Floki, and XRP Coin predictions show varied prospects.

COINTURK NEWS
COINTURK NEWS 1 year ago
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Bitcoin price saw a drop similar to that on March 5th, yet the new day’s candle opened red. If the demand for BTC remains strong in the coming hours, we could see a movement similar to the rise after March 5th. This situation could likely push the BTC price to $76,000 and aid the rise of altcoins. What are the predictions for Raca, CEEK, Floki, and XRP Coin?

Contents
Raca Coin PredictionsCEEK Coin Price PredictionFloki Coin Price PredictionXRP Coin Price Prediction

Raca Coin Predictions

The price surged 330% in 14 days after February 26th and began to fall on March 11th. If Raca Coin price starts closing below $0.000474, it could rapidly descend to $0.0003654, just as it rose. A potential downward fluctuation in the BTC price could trigger this negative performance.

Those who bought in to capitalize on the rapid gains from support loss could accelerate the price decline as they exit.

CEEK Coin Price Prediction

The total volume of CEEK Coin in Turkey-based cryptocurrency exchanges has fallen to $172 million. It ranks 44th in terms of volume, and Turkish investors are currently not paying much attention to it. The lack of interest may seem normal as there are a few altcoins that have made more impressive gains in the last 24 hours.

The price is retracting after peaking at $0.116 and could pull back to $0.0671 and $0.053 in the coming hours.

Floki Coin Price Prediction

Having recently reached an all-time high, Floki Coin is now finding buyers at $0.0002647. The decline has not yet gained momentum, but if selling starts, the price could quickly fall to $0.000220. Closures below this level could bring targets of $0.000177 and $0.000118 into play.

To continue the rise, closing above $0.000284 and surpassing the $0.000304 peak is possible.

XRP Coin Price Prediction

Nearly $200 million worth of XRP Coin was withdrawn from Binance yesterday, causing the price to climb to $0.74. However, it did not stay there for long. As mentioned yesterday, the price, failing to sustain momentum, has fallen back to the $0.68 target.

If selling continues, a return to $0.63 and $0.58 is likely. For now, the XRP Coin price is maintaining the safe zone.

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 13 March, 2024 - 5:45 am 13 March, 2024 - 5:45 am
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