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COINTURK NEWS > Cryptocurrency News > Cryptocurrency Markets Poised for Growth: Insights from China’s Vice Premier
Cryptocurrency News

Cryptocurrency Markets Poised for Growth: Insights from China’s Vice Premier

In Brief

  • Chinese cooperation with the U.S. is positive for crypto markets.

  • Zcash targets a purchase below $400, anticipating a surge beyond $500.

  • Bitcoin uptrend depends on surpassing $107,000 amid ongoing market uncertainties.

İlayda Peker
İlayda Peker 2 months ago
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During the preparation of this article, Chinese Vice Premier He Lifeng discusses the potential for cooperation between the United States and China. For the cryptocurrency markets, the reversal of tensions with China is seen as a positive development. Although Bitcoin $91,967 recovered after yesterday’s decline, it is still hovering below the resistance level of $107,000. So, what are the latest forecasts for altcoins?

ZEC and LINK Coin

Zcash (ZEC) recently experienced a unique rally, with its price multiplying in a short period. However, as it approached its peak, broader market sentiment deteriorated, leading to substantial profit-taking. Altcoin Sherpa believes that the right time for purchasing is nearing. In the analyst’s chart, key support levels are highlighted, and a short-term purchase target is set below $400.

Contents
ZEC and LINK CoinBitcoin (BTC)

“I think I’ll buy below $400.”

If proven right, Sherpa could seize a selling opportunity above $500 during the market recovery.

Poppe focuses on LINK Coin, one of his favorite altcoins. Chainlink $13, which has numerous agreements with major financial players and more on the horizon, is essentially monopolizing its field. If it continues to develop, it might remain a leader in tokenization, a prospect that Poppe believes will happen.

“A great spot to accumulate LINK. I anticipate DeFi will see strong movement in 2026, as it is ready to show a new uptrend. Smartcon was amazing.”

Bitcoin (BTC)

In Turkey’s local time, it’s expected that the House of Representatives will vote on the budget proposal at 2:00 AM. This temporary budget is a gateway to a longer-term agreement until at least January 31 and will end the government shutdown. Ending the shutdown is positive for cryptocurrencies. DaanCrypto wrote the following about Bitcoin’s current status;

“BTC is showing an uptrend on a lower timeframe. However, it needs to exceed the $107,000 level. If it succeeds, it will create a reasonable deviation and return to the range. This is my main requirement for a bullish trend.

Stocks are nearly back to their highest levels. With the Fed stopping QT and continued rate cuts, we are approaching better liquidity conditions. To break this 4-year cycle, we need to eliminate the whales’ 4-year selling cycle. It’s been heavily pressurizing the market over the last few weeks. I recommend sticking to high-timeframe levels and acting accordingly. BTC’s daily market structure is bearish, but the weekly/monthly structure is still bullish. Therefore, there is a lot of uncertainty right now.”

The details we’ve been discussing for a long time are broadly summarized here. The only issue is the potential negative impact on the market of a customs duty decision against Trump by the Supreme Court. Sales that have been ongoing are fueled by both the end-of-cycle expectation and the upcoming tariff chaos.

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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İlayda Peker 12 November, 2025 - 5:39 pm 12 November, 2025 - 5:39 pm
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