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COINTURK NEWS > Altcoin News > Cryptocurrency Market Update: Bitcoin Recovers, Altcoins Show Mixed Signals
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Cryptocurrency Market Update: Bitcoin Recovers, Altcoins Show Mixed Signals

In Brief

  • Bitcoin price fluctuates between $69,000 and $71,500.

  • CEEK Coin shows weakness, but a rally could follow.

  • FLOKI and SHIB show potential for significant price movements.

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COINTURK NEWS 1 year ago
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Bitcoin price reclaimed the $71,000 mark at the time of writing and continues to move between $69,000 and $71,500. The Coinbase case was a setback for the bulls this week, yet all is not lost. In a few days, we will enter April, and the critical block reward halving for cryptocurrencies will take place. Bitcoin halving has historically led to new peaks each time.

Contents
CEEK Coin Price PredictionFLOKI Price CommentarySHIB Price Prediction

CEEK Coin Price Prediction

Bulls continue to defend the $0.0735 support level. However, the lack of a new attempt after the rejection at $0.0815 indicates weakness for CEEK Coin. Depending on Bitcoin’s price performance, speculative movements may be observed, but typically, CEEK investors initiate such rapid ascents after a few days of altcoin rallies.

If expectations are met, we might see the price retesting the $0.1 threshold. Closures above this level could reverse the long-term downtrend.

FLOKI Price Commentary

The rising star altcoin, which benefited from last year’s PEPE Coin enthusiasm, was somewhat overlooked and got listed. During bear markets, exchanges sometimes have to list altcoins that draw volume. The listing of PEPE and FLOKI Coin on the Binance exchange happened in this manner. The Binance listing is important because meme coins that show presence there tend to stand out from those that quickly fade from the market. The biggest meme coins can increase their popularity and attract regular demand with a Binance listing.

As for the FLOKI Coin price, it’s at $0.000266, and if it can close above this region, it could climb to $0.000314. In the opposite scenario, we could see a drop to $0.000252 and $0.000220.

SHIB Price Prediction

SHIB, the second-largest meme coin by market value, has climbed back to $0.0000329. However, more is needed. While DOGE price surged by 20% daily, SHIB continues March 29 with a 6% gain.

In a potential rally, the $0.0000348 and $0.0000379 levels could be tested. Beyond that, breaking the key resistance area of $0.0000457 would indicate a focus on the all-time high target.

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 29 March, 2024 - 2:35 am 29 March, 2024 - 2:35 am
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