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COINTURK NEWS > Technical Analysis > Experts Share Insights on Bitcoin and TAO Coin Price Predictions
Technical Analysis

Experts Share Insights on Bitcoin and TAO Coin Price Predictions

In Brief

  • Bitcoin analysts predict targets of $69,000 to $70,000.

  • TAO Coin may face resistance around $600 during its rally.

  • Current market conditions create opportunities for potential gains in altcoins.

İlayda Peker
İlayda Peker 7 months ago
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Two different cryptocurrency analysts recently provided their latest forecasts regarding Bitcoin (BTC) $0.000038 prices. The third analyst focused on the increasingly popular TAO Coin. With Bitcoin reaching its highest level in two months, it’s crucial to examine the current predictions for cryptocurrency investors.

Contents
Bitcoin is RisingTAO Coin Commentary

Bitcoin is Rising

In his recent market analysis, Carl noted that the breakout of the bull flag indicates that Bitcoin’s price is targeting new highs between $69,000 and $70,000. At the time of writing, BTC was trading at a daily peak of $66,400. In the last 45 minutes, the price surged past $66,000.

“Bitcoin is breaking this Bull Flag! Potential target: $69,000 – $70,000.”

If BTC maintains its position above $65,000, it could rally past $69,750, reaching $71,550 and $73,777. This period could also present an opportunity for altcoins to amplify their gains.

TAO Coin Commentary

Yesterday, Altcoin Sherpa mentioned a potential test of $475 in his shared chart. However, the price did not pull back to this level, as BTC accelerated its upward movement. This situation has led to further increases in altcoins, while the analyst persistently stated his intentions to place orders at $475. According to him, after a swift rise, the price needs to return to this point and consolidate for a while.

If the rally continues, $600 will be the next resistance level for TAO Coin. In the event of a pullback, the analyst targets $453, $409, and $364, noting that buying at current levels appears risky.

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 27 September, 2024 - 7:08 pm 27 September, 2024 - 7:08 pm
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