COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Investor Optimism Rises as Bitcoin Stabilizes Above $50,000
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Bitcoin (BTC) > Investor Optimism Rises as Bitcoin Stabilizes Above $50,000
Bitcoin (BTC)

Investor Optimism Rises as Bitcoin Stabilizes Above $50,000

In Brief

  • Investors smile as Bitcoin and altcoins surge.

  • Analyst Kevin Svenson predicts a post-halving price drop.

  • Bitcoin trades at $51,877, caution advised.

COINTURK NEWS
COINTURK NEWS 1 year ago
Share
SHARE

With the recent activity in the world of cryptocurrency, investors who have been waiting for two years are starting to see reasons to smile. Bitcoin has firmly established itself above the $50,000 level, and along with the altcoins following its lead, we can say the excitement continues. As the halving slowly approaches, predictions for the flagship cryptocurrency Bitcoin’s price keep coming in. The latest forecast is from analyst Kevin Svenson.

Contents
Analyst Warns to Be Cautious With Bitcoin Price PredictionsBTC May Lose Momentum

Analyst Warns to Be Cautious With Bitcoin Price Predictions

The cryptocurrency world is experiencing a highly active period in recent days. An analyst warns that a significant correction could occur after Bitcoin (BTC) reached the $60,000 level, urging investors to be cautious. Crypto analyst Kevin Svenson, who has 72,400 YouTube subscribers, released a new video. Svenson suggests that the cryptocurrency BTC could experience a drop of just over 25% after the expected mid-April halving.

Svenson says, “We could move towards our short-term target of $60,000. We might even surpass it. However, a post-halving scenario of Bitcoin’s price returning to $44,000 is at least a scenario I’m currently considering,” indicating the possibility of a significant correction.

BTC May Lose Momentum

According to the analyst, although the short-term outlook for the cryptocurrency BTC remains positive, it is likely to lose momentum as it enters the halving process. He warns that Bitcoin could fall below $50,000 in the short term.

Svenson explains, “Looking at the daily chart, even if Bitcoin retraces to $47,000, this level could become new support. While the bears panic, this should be seen as just another positive correction and a higher low.”

The cryptocurrency Bitcoin is trading at $51,877 at the time of writing. However, Svenson’s warnings are an important point to consider for crypto investors. Especially in a period when prices are expected to rise above $60,000, being cautious against market volatility becomes more important than ever.

The road to the halving process for Bitcoin could be different from previous halving periods. Since the process now includes dynamics such as Bitcoin ETFs, the post-halving period could be more lively for Bitcoin.

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.

You Might Also Like

Texas Commits Boldly with First Publicly Funded Bitcoin Reserve

Bitcoin’s Surging Value Triggers Massive Liquidation

Swissblock Warns on Bitcoin’s Liquidity Struggles Affecting Its Value

Global Tensions Push Bitcoin Below $100,000 – What Happens Next?

Bitcoin Defies Peak Predictions and Continues Bullish Run

COINTURK NEWS 22 February, 2024 - 2:43 pm 22 February, 2024 - 2:43 pm
Share This Article
Facebook Twitter
Share
Previous Article Significant Advancements in Blockchain Gaming
Next Article How to Buy SONM Coin?
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Bitcoin Stirs Anticipation as Market Dynamics Shift
Technical Analysis
Exciting Developments in Crypto: Powell’s Statements and Chainlink-Mastercard Collaboration
Cryptocurrency News
Discover Exciting Developments in the Crypto Landscape Today
Binance
US Consumer Confidence Report Triggers Positive Moves in Crypto Markets
Economy
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?