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COINTURK NEWS > Binance > Experts Analyze Bitcoin and Other Cryptocurrency Trends
Binance

Experts Analyze Bitcoin and Other Cryptocurrency Trends

In Brief

  • Gary Gensler faces questions while Bitcoin trades above $63,400.

  • Experts predict significant price movements for Bitcoin and altcoins.

  • Analysts provide varied forecasts for PYR and WIF Coin trends.

Ömer Ergin
Ömer Ergin 9 months ago
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As this article was prepared, Gary Gensler faced tough questions in Congress, while Bitcoin (BTC) $104,408 stood above $63,400. Today, we will discuss the evaluations of Bitcoin, WIF, and PYR Coin by various experts. The recent predictions shared by specialists, with their updated charts, provide us with diverse perspectives on the markets.

Contents
Bitcoin (BTC)PYR and WIF Coin Charts

Bitcoin (BTC)

Jelle has long anticipated a rise in cryptocurrencies, and after battling at $53,000, BTC successfully surged by $10,000. At the time of writing, its peak in the last 24 hours was $63,948. Although closing above $63,000 is encouraging for altcoins, we have not yet entered the fourth quarter, and many experts, including Jelle, remain optimistic about the next three months.

“The last week of September. Six days remain until the fourth quarter begins. Meanwhile, Bitcoin’s multi-year cup and handle is nearing completion. All the stars are aligning. Are you ready?”

Almost all analysts discuss six-figure price targets for BTC in this cycle. If historical data repeat, comparisons with previous cycles suggest a new peak around $120,000.

PYR and WIF Coin Charts

An analyst known as Daan Crypto Trades has turned bullish on PYR Coin following its new higher low. His target is $4, while the price remains at $2.61 as this article is being prepared. If we witness a stable upward trend, $3.94 could convert into support after reaching $5.26.

“PYR has made a higher low, and the critical $2.60 level is well defended. It just needs to surpass the local high of approximately $3.26 to shift market structure back into an uptrend. If successful, $4 is next.”

The focus of the third analyst is WIF Coin. Many analysts shared forecasts for WIF Coin today, following a similar trend seen recently with TIA Coin, where prices surged rapidly. While these predictions could be speculative, Trader XO targets $3.20 and $5 for WIF Coin.

The key support level lies between $1.6 and $1.4.

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 September, 2024 - 9:38 pm 24 September, 2024 - 9:38 pm
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