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COINTURK NEWS > Technical Analysis > Exploring Bitcoin and Altcoin Price Predictions
Technical Analysis

Exploring Bitcoin and Altcoin Price Predictions

In Brief

  • Bitcoin surpasses $66,800, altcoins see significant gains.

  • Analyst predicts Bitcoin could reach between $80,000 and $85,000.

  • Key levels identified for sustained rally in Bitcoin prices.

COINTURK NEWS
COINTURK NEWS 1 year ago
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Bitcoin price exceeded $66,800, and some altcoins experienced double-digit rises. The downturn might be over. Especially with ETF entries on Friday, hopes for the new week justifiably increased. If the expected rise has begun, how high can BTC, PEPE, and FARM go? Which levels are the day’s top-performing altcoins on Binance targeting?

Contents
Bitcoin Price ForecastFARM Coin Price ForecastPEPE Coin Price Forecast

Bitcoin Price Forecast

Halving occurred, and historical data clearly illuminates the upcoming period. Of course, events that have repeated many times in the past are not necessarily bound to recur, but in crypto, this situation often happens, so it’s worth paying attention. Popular cryptocurrency analyst Moustache addressed this topic in his latest assessment.

“BTC’s next major target: $80,000-$85,000. Everyone who has been following me since 2022 knows I’ve been focused on this target.”

Technically, Bitcoin‘s price movement drew a bull flag on the weekly chart, indicating a continuation of the upward trend. If the expected scenario post-halving materializes, $85,000 could be a significant breather level.

For the rally to gain momentum, the key level is $67,500, and if achieved, the next targets of $73,835 and then $80,000 could be reached. Following this, six-figure price targets will come into discussion.

FARM Coin Price Forecast

Binance exchange’s top-performing altcoin of the day was FARM Coin. The price exceeded $90, gaining more than 30%. However, this altcoin, accustomed to sudden rises, could retreat to $82 and $70.3 levels if it cannot maintain the $92 level. Investors must consider the risk of high volatility.

PEPE Coin Price Forecast

When it comes to high volatility, meme coins come to mind first, and PEPE Coin is currently trending positively. The strong recovery in Solana’s price and increasing interest in meme coins are pulling it upwards. At this stage, if $0.00000687 can turn into support, bulls may target $0.00000770 again. Subsequently, targets of $0.00000885 and $0.00001082 will come into play.

The sentiment of the general market is crucial for the future of prices. This week, the general expectation is for a positive trend to continue, supported by the US stock markets. Friday’s PCE data will unlock weekend volatility, now essential after recent poor inflation data to boost morale.

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 22 April, 2024 - 11:01 pm 22 April, 2024 - 11:01 pm
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