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COINTURK NEWS > Technical Analysis > Bitcoin Price Surpasses $64,000 as Positive Fed Announcements Awaited
Technical Analysis

Bitcoin Price Surpasses $64,000 as Positive Fed Announcements Awaited

In Brief

  • Bitcoin price has surpassed $64,000 again.

  • Positive Fed announcements are crucial in the coming days.

  • SEC's spot Ethereum ETF decision is expected within a week.

COINTURK NEWS
COINTURK NEWS 2 years ago
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Bitcoin price has once again surpassed $64,000, and positive announcements from Fed members in the coming days are crucial. There is one last hurdle to break the negativity that has persisted for weeks. This hurdle is the SEC’s spot Ethereum ETF rejections, with a decision expected within a week. So, what are the current predictions for Terra (LUNA), Solana (SOL), and FLOKI Coin?

Contents
Terra (LUNA) Price PredictionSolana (SOL) Price PredictionFLOKI Coin Price Prediction

Terra (LUNA) Price Prediction

The price, which climbed to $1.54, weakened due to the Terra ecosystem not seeing the expected growth despite the long period. In the long term, this situation could be fatal for LUNA Coin, and regardless of the price, we discuss in detail the risks stemming from Do Kwon’s and the management team’s legal position.

The LUNA Coin price, which fell below the $0.58 bottom where the rise started, is now finding buyers at $0.567. In potential speculative rises, surpassing the $0.689 threshold could open the door to new rises towards $1. However, closures below the $0.55 parallel channel support will trigger new ATL levels.

Solana (SOL) Price Prediction

Last week, institutional investors made significant entries into SOL Coin ETPs. SOL Coin, which reclaimed $150 today, could attempt $177 if it can turn the $158-160 range back into support. Above this, the key level of $205 resistance will be targeted for the continuation of the short-term strong upward trend. The ultimate goal is to reach a new ATH above $256.

However, in the opposite scenario, losing the $138 and $126 levels could lead to a deeper dip down to $107. For now, the BTC price is supportive for SOL Coin, and SOL Coin bulls continue to see interim rise opportunities as chances for upward attempts.

FLOKI Coin Price Prediction

FLOKI Coin bulls, who have been waiting profitably for a long time, recently turned the BTC rise into an opportunity like SOL Coin. The surpassing of the $0,000206 threshold today is motivating, and the price is preparing to close above $0,0002241.

FLOKI Coin bulls could target $0,000267 and then a new ATH level with closures above the key region.

You can follow our news on Telegram, Facebook & Coinmarketcap & X
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 15 May, 2024 - 7:05 pm 15 May, 2024 - 7:05 pm
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