4 Experienced Analysts Share Their Bitcoin Forecasts For August!

Bitcoin (BTC) is closely followed as it is the largest crypto and influences the movement of other altcoins. BTC, which is the leader with its market value, has been trying to hold the $23,000 level recently. So, what’s next for the cryptocurrency that changed hands at $22,944 with a 1 percent drop at the time of writing? Here are the latest comments from well-known names in the crypto community in Turkey…

Bozokcoin announces the level that Bitcoin price should hold

Behind the first prediction we will talk about is Bozokcoin, a well-known analyst in Turkey. Bozokcoin pointed to $22,800 as an important level for BTC. According to the analyst, there is no problem as long as we stay above this level. In addition, the analyst touched on the importance of weekly closings. He stated that the closing expectation for this weekend is between $24,000-24,500. Bozokcoin’s tweet included the following statements:

I expect it to hit 28,000 by the end of this month (unless there are emergencies). It closed the month of July with a high of 24668… It is considered to have reached the target… As long as we stay above 22800, there is no problem… There may be a violation of gold, but the weekly closings that are important to us were not bad at the weekly close yesterday… If my closing expectation this weekend is not an extraordinary situation, 24000-24500 to be between…

JrKripto: The worst is over

On the other hand, analyst JrKripto, who addressed 183.7 people on Twitter, drew attention to a data that is important for BTC. The analyst defined the inflation data, which is expected to be announced on August 10, as a “critical bend for financial markets”. Saying that he expects a regression in inflation, the analyst thinks that BTC will target $ 28,800.

Apart from that, he announced the levels he followed in BTC. The analyst pointed to the $17,700-$22,500 range for the past 2 months in BTC. However, he suggests that the new channel is in the $22,500-25,000 range. According to JrKripto, if $25,230 is exceeded, the $28,800 level may appear as the “ceiling” level. The analyst ends his tweet by saying, “The worst is over,” giving his followers hope.

What do Enes Turan and Erhan Unal think?

Analyst Enes Turan, known as “Paradator”, pointed out that “the market is still bad” in his latest tweets for BTC. So he commented almost the opposite of JrKripto. Paradator pointed out that “it could not go above $25,000”. He said that if this level is exceeded within 2-3 days, a sales process will meet the investors. He stated that the important thing is “permanence”.

Finally, Erhan Ünal, pointing to the US Federal Reserve’s (FED) interest rate announcement last week, says that the “positive outlook has strengthened”. cryptocoin.com As we have also reported, the FED increased interest rates by 75 basis points. According to the analyst, who pointed to $ 25,800 as the first resistance level for BTC, it will take a short time to exceed this level. Next, $38,000 will come as the target.

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