Although Bitcoin continues to struggle below $30,000, the cryptocurrency is actually close to breaking its nine-week negative weekly streak. At the same time, some altcoins such as Solana and Avalanche recorded impressive rebounds today. Meanwhile, four analysts, who are widely followed in Turkey, shared their expectations for Bitcoin and altcoins to follow. Here are the details…
Analysts draw attention to the FED meeting for Bitcoin
Followed by approximately 180 thousand people, JrKripto pointed out that Bitcoin is trading below $ 30,000 again. they spent the time and they spent it”. Talking about the FED meeting to be held on 14-15 June, the expert said that he did not think that the price could be kept in the horizontal band until this date. According to JrKripto, who states that the “accumulation”, that is, the accumulation phase is prolonged unnecessarily, the important levels appear as $ 31,340 and $ 34,230.
Bitcoin tekrar 30.000$ altında işlem görüyor, zamanı geçirdiler de geçirdiler!
Haziran ayına geldik!
14-15 Haziran’da FED toplantısı var, bu tarihe kadar yatay bantta fiyatı tutabileceklerini sanmıyorum.
Akümülasyon süreci haddinden fazla uzadı!
31.340$ ve 34.230$ önemsiyorum
— JrKripto (@JrKripto) June 4, 2022
Another analyst talking about the FED and Kerim Kalender. While talking about the FED’s interest rate decision, which will follow the US inflation data to be announced next week, Kalender drew attention to the comments from US Treasury Secretary Janet Yellen and FED Chairman Powell, saying “they may be bullshit”. He implied that he did not have very heartwarming expectations by saying “I will say have a happy weekend, but the market is very cancerous”.
Gelecek hafta ABD enflasyon verileri açıklanacak. Ondan sonraki hafta FED faiz kararı var. Arada Yellen çıkıp bir şeyler zırvalayabilir. Powell, selam naber çakar… Hafta sonunuz şen olsun diyeceğim ama piyasa çok kanser. Esen kalın.
— Kerim Kalender (@kerimcalender) June 3, 2022
Paradator draws attention to Bitcoin dominance
Enes Turan, known as “Paradotor” on Twitter, drew attention to the dominance rate in Bitcoin. As Kriptokoin.com , the dominance rate in BTC has increased to almost 47 percent. He states that if Bitcoin experiences a rise towards $37,000, and if the dominance reaches around 49-50, a correction may come. He thinks that this may cause about 2x rises in altcoins. For this reason, he says that a period of relaxation can be experienced in June.
Temmuz-Ağustos-Eylül ise yaz baharının yaşanacağı dönem olarak tarihe geçebilir. Eylül sonuna kadar rally için vaktimiz var. 3 aylık bir rally. Kısmet olursa…boğa tüm coinlere vurmayacak onu söyleyim. Boğa yaşamamış coinlere odaklanın. Web3-DEFİ 2.0
— Paradotor (@eness_turann) June 4, 2022
On the other hand; Stating that he expects an increase in July, August and September, he said, “We have time for the rally until the end of September. He shares his bull expectations with the words “A 3-month rally”. However, he thinks that the bull trend will not affect all coins, investors should focus on coins that did not experience a bullish trend, web3 and DeFi 2.0.
Bozokcoin commented on the decline of Bitcoin
Analyst Bozokcoin was the last of the names to draw attention to the data from the USA on the decline of Bitcoin. According to Bozokcoin, the reason behind Bitcoin’s decline lies in the fact that “US data is not liked because the interest rate increase does not seem sufficient”. He expects Bitcoin’s weekly close to be positive, as the US stock markets are closed at the weekend. The analyst uses the following statements regarding the subject:
I think that with the US stock markets closed tomorrow and Sunday, it will be able to close the 10th week on a positive note. If BTC closes the week above 29468, it will have already burned a green candle in the 10th week…
