Analyst Predicts Bitcoin Price Movements

Analysts continue to share their predictions on the movements of Bitcoin and other popular cryptocurrencies. Let's look at the forecasts for BTC, LUNA, Solana, and CHZ Coin.

Bitcoin Price Prediction

The price of Bitcoin (BTC) retreated to $60,000 after nearing the $62,000 mark. However, $60,500 is being maintained. Further altcoin increases are possible if BTC stays above $60,000. Interest rate cuts and the completion of Mt Gox refunds support positive expectations for the last quarter.

LUNA Coin Price Prediction

A new attempt at $0.358 could have been the first signal of a rise for LUNA Coin, but BTC has paused its rise for now. If the price surpasses this threshold and closes above $0.413, it could test the parallel channel support at $0.551. Possible rapid increases in altcoins cause speculative rises in assets like LUNA Coin. For now, there is no environment to trigger speculative increases, and if the negative sentiment in the general market strengthens, a new ATL attempt below $0.251 could occur.

Solana Chart Analysis

After the last attempt at $122, SOL Coin price returned to $143. Currently, $136 is maintained as support. The level where the rise will accelerate is $148. Daily closes above this threshold for SOL Coin could lead to a return to the $162 and $188 range. If BTC makes a rapid decline similar to previous ones, the support level in the $122 and $116 range could be tested again. Below this, there is potential for a local dip to $98. The ETF story for Solana could quickly fade, causing interest to weaken despite ongoing network activity and meme coin-supported volume spikes. This suggests that medium-term ATH dreams might be dashed.

CHZ Coin Price Prediction

CHZ Coin struggled a lot this year but couldn’t withstand persistent BTC sales. This interest had to fade somewhere, and the violation of the base support shows this. As fan token interest rises towards the middle of the league, CHZ could show itself in the medium term. In the short term, closes below the parallel channel support at $0.059 are negative. If it can surpass this, $0.07 could be tested again.

Analysts' predictions indicate potential price fluctuations in cryptocurrencies like Bitcoin, LUNA, Solana, and CHZ. It's essential to monitor market dynamics closely to make informed decisions.