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COINTURK NEWS > Cryptocurrency News > Market Trends Reveal Bitcoin’s Uncertain Path as Experts Weigh In
Cryptocurrency News

Market Trends Reveal Bitcoin’s Uncertain Path as Experts Weigh In

In Brief

  • The Oval Office experiences unusual tensions affecting cryptocurrency markets.

  • Experts provide varied predictions for Bitcoin's future amidst ongoing conflicts.

  • Support and resistance levels are critical for investors to monitor closely.

Fatih Uçar
Fatih Uçar 2 months ago
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The cryptocurrency markets are witnessing rare developments today, with the Oval Office embroiled in unusual tensions. President Trump’s recent encounter with Ukraine’s leader has raised concerns following the ongoing war in Russia, further complicating the crypto landscape. As fears rise, the question looms: What do experts predict for the future of cryptocurrencies?

Contents
Current Status of CryptocurrenciesPredictions from Crypto Experts

Current Status of Cryptocurrencies

Trump’s insistence on signing agreements related to mining led to a rapid departure of the Ukrainian President from the White House. Trump criticized the President for not being ready for peace talks, stating he could return when prepared. This atmosphere of tension raises questions about future financial allocations for Ukraine, which could come under scrutiny.

As the war escalates, predictions suggest a high chance of intensifying conflict, potentially leading to further instability in risk markets. The financial atmosphere is currently rife with uncertainty, as recent developments have produced weak signals compared to previous events.

Predictions from Crypto Experts

Mister Crypto notes that today’s position does not significantly differ from previous downturns. Analysts share their insights, projecting potential market trajectories.

“The average drop from the peak is -24%. Currently, we stand at -28%. We will rise from here!”

Ali Charts highlights critical support and resistance levels for Bitcoin $0.000038, indicating key price points that investors should monitor.

“The strongest resistance for BTC is at $97,828, supported by 360,470 BTC. Meanwhile, the primary support level stands at $64,078, backed by 194,530 BTC.”

Lastly, well-known analyst Poppe shared his insights, initially anticipating an upward breakout, which did not materialize. Currently, he states:

“Bitcoin has absorbed this liquidity and created a high-volume candle. It faces significant resistance. There are two scenarios: either it forms a higher low at $82,000 and attacks the resistance again, or it loses $82,000 and tests lower levels one last time before rising.”

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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Fatih Uçar 28 February, 2025 - 10:35 pm 28 February, 2025 - 10:35 pm
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