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COINTURK NEWS > Technical Analysis > Experts Share Current Predictions for Bitcoin, Solana, and Altcoins
Technical Analysis

Experts Share Current Predictions for Bitcoin, Solana, and Altcoins

In Brief

  • Bitcoin seeks stability above $76,000 despite recent volatility.

  • Experts have varying predictions for Solana and Ethereum's price movements.

  • Altcoins are expected to experience significant movements soon.

Ömer Ergin
Ömer Ergin 6 months ago
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While the king cryptocurrency faces sudden drops, it struggles to maintain a level above $76,000. Bitcoin $108,936 has finally initiated one of its classic upward cycles after a prolonged period, consistently setting new all-time highs. What are the current predictions from experts regarding Solana $172, Bitcoin, and altcoins?

Contents
Solana and EthereumBitcoin and Altcoins

Solana and Ethereum

SOL Coin price stands at $198, with expected closures above $188 yielding positive results. Two years ago, Solana, Ethereum’s biggest competitor, was amidst significant turmoil following the collapse of the FTX exchange. After reaching a low of $8, SOL Coin is now hovering above $200, exemplifying the volatility of cryptocurrencies.

In his latest assessment, Daan Crypto Trades noted about Solana (SOL);

“SOL reached $200. This is the last major resistance before returning to all-time highs.

The chart looks solid, forming a nice base around this area. It just needs to break this weekly resistance to continue its good momentum.”

Another analyst, Yoddha, invites everyone to examine his graph that adapts the previous cycle to the present for Ethereum $2,561. If the previous cyclical movement repeats, ETH’s price must move towards a significant cycle peak at $15,000. As this article was prepared, ETH continues to hover around the $3,000 mark.

Bitcoin and Altcoins

Kyledoops analyzed the upward movement following the elections. Many experts note that the peak at $76,849 is temporary, suggesting more significant movements are forthcoming. Kyle shares this viewpoint and supports it with data focusing on the MVRV ratio.

“Bitcoin soared to record levels after Trump’s election, but the MVRV indicator remains stable just above 2.

Typically, a bull market peaks when MVRV exceeds 3, indicating that full market enthusiasm may still be on the horizon.”

Thus, there is still plenty of room for BTC to grow. As for the altcoins, Moustache suggested that the accumulation process has ended and that significant movements will soon commence in the altcoin market by merely sharing the following chart.

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 8 November, 2024 - 9:07 pm 8 November, 2024 - 9:07 pm
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