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COINTURK NEWS > Technical Analysis > Bitcoin Stirs Anticipation as Market Dynamics Shift
Technical Analysis

Bitcoin Stirs Anticipation as Market Dynamics Shift

In Brief

  • Bitcoin hasn't initiated a strong surge despite positive US market openings.

  • Anticipation builds as SUI and APT Coins present promising market targets.

  • Market conditions and potential agreements signal favorable scenarios for cryptocurrencies.

Ömer Ergin
Ömer Ergin 2 weeks ago
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The price of Bitcoin $108,220 has not yet initiated a strong surge, even with the positive opening of the US markets. Though a ceasefire is in place, upcoming PCE data this Friday and the July 9 tariff deadline are still exerting pressure on the markets. However, the situation remains conducive for a return to levels seen the day of the agreement with China. Positive sentiment regarding tariffs might lead us back to pre-war levels. What are the target prices for SUI and APT Coins?

Contents
Bitcoin (BTC)SUI and APT Coin Commentary

Bitcoin (BTC)

Federal Reserve Chairman Powell has not indicated any plans for rate cuts. Hammack from the Fed suggested waiting before reducing rates, contrasting with the statements of three Fed members who spoke in favor of cuts between Friday and Monday. Just a few minutes ago, Trump signaled a comprehensive agreement by stating that China could import large quantities of oil from the US.

Cryptocurrency investors remain cautious, awaiting new developments. The popular crypto analyst Jelle believes that Bitcoin might target $180,000 due to a technical breakout highlighted in the chart below.

SUI and APT Coin Commentary

During the preparation of this article, Trump shared a congratulatory message sent to him by NATO Secretary-General Mark Rutte. After stoking fears of a lengthy war, Trump now stands as the figure ending the conflict, crafting another narrative for the upcoming elections. Next on the agenda are tariff agreements, declining inflation, and interest rates to rebuild the economy. All these factors favor cryptocurrencies as well.

Waleed Ahmed, sharing his target for APT Coin, noted a risk of a drop to $3.88 but mentioned a potential retest of $7. In his June 20 post, he predicted a sudden rally that could test the $7 mark.

Poppe has just released his latest update on SUI Coin, one of his favorite altcoins.

“The significant capitulations in the market present maximum opportunities. One of these is SUI. Sui’s DeFi transaction volume has accelerated, reaching $13.5 billion over the past 30 days. Meanwhile, the lending protocol SuiLend saw a significant increase in its TVL, reaching $520 million within a month. Considering that ETF approvals for altcoins are a strong possibility later this year, I think SUI is an altcoin that should be added to portfolios.”

Breaking the downtrend over $3 could potentially lead to new peaks above $5.

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 June, 2025 - 6:56 pm 24 June, 2025 - 6:56 pm
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