COINTURK NEWS – Bitcoin, Blockchain and Cryptocurrency News and Analysis


As the year draws to a close, the Bitcoin $91,680 price remains below the $100,000 mark, generating excitement among cryptocurrency traders, particularly due to Trump’s surprising victory. After witnessing altcoin gains exceeding 100%, market sentiments have shifted negatively. While many investors are panicking, just a few months ago, a price of $90,000 for BTC seemed like a distant dream. What are experts saying about the current situation?

Bitcoin (BTC)

Different price levels evoke various emotions among cryptocurrency investors at different times. For instance, a price of $20,000 was thrilling in 2018, while it represented a nightmare in 2022. Currently, even $90,000 can dampen spirits, whereas BTC crossing $60,000 in 2021 kept investors awake with excitement.

Analyst Jelle emphasizes the importance of maintaining strong expectations for the market by looking at a broader time frame, particularly towards 2025. He believes this Bitcoin bull cycle has made a strong start by reaching all-time highs before the halving event.

“This Bitcoin bull cycle has made a strong start, reaching all-time highs before the halving event. I feel 2025 will surprise many.”

Another popular analyst, Michael Poppe, anticipates Bitcoin will reach deeper lows before Trump’s official inauguration. His previous scenario suggested that after a dip around $90,000, BTC prices would return to six-figure levels.

“The scenario for Bitcoin remains the same. I expect a downward momentum before Trump’s inauguration, and then a rebound around $90,000.”

Solana (SOL)

Analyst Tardigrade anticipates higher peaks for Solana $187 (SOL Coin) due to the ascending triangle pattern observed. If SOL Coin can reclaim the critical resistance level of $199, it may break the downward trend and move towards new all-time highs.

As this article was being prepared, SOL Coin was trading at $193, down 1.37% for the day. Meanwhile, BTC was being bought at $97,758, and ETH has yet to reclaim the $3,550 mark.

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.



Source link