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Cryptocurrency analyst Mert Can Çakıroğlu made significant statements regarding Bitcoin and altcoin analysis.

Cryptocurrency analyst Mert Can Çakıroğlu made significant statements regarding Bitcoin and altcoin analysis.

11.12.2024 22:50

The recent fluctuations in the crypto markets indicate critical decision points for many altcoins, particularly Bitcoin and Ethereum. Expert cryptocurrency analyst Mert Can Çakıroğlu evaluated Bitcoin and altcoins for Haberler.com.

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The recent movements in the cryptocurrency world require investors to pay close attention. In this regard, Haberler.com continues to convey the latest developments related to cryptocurrencies and evaluations made by expert analysts. Experienced cryptocurrency analyst Mert Can Çakıroğlu addressed important topics in Bitcoin and altcoin analysis during a live broadcast on Haberler.com.



Critical Turning Point in Ethereum and Bitcoin: How Will Investment Strategies Shape Up?



After the US elections, the cryptocurrency markets gained significant momentum. Bitcoin broke records, reaching the $100,000 level for the first time in its history. Currently hovering around the $98,000 band, cryptocurrency analyst Mert Can Çakıroğlu has set new targets for Bitcoin.



In a detailed analysis, Çakıroğlu stated that if Bitcoin surpasses the important resistance level of $100,000, it could rise to $103,000 and $105,000 levels in succession. However, there are also risk scenarios on the agenda for Bitcoin, which is trading below the Volume Weighted Average Price (VWAP) indicator. Çakıroğlu warned that if the cryptocurrency continues to move below the VWAP line, it could first decline to $90,000 and then to $85,000.



On the Ethereum front, the outlook is more cautious. Ethereum, which has shown weaker performance compared to Bitcoin, is trading at the $3,800 level. Çakıroğlu mentioned that if Ethereum holds above $3,800, it could test the $4,000, $4,200, and subsequently $4,400 levels. Additionally, Çakıroğlu noted that if the support zone of $3,600-$3,450 is broken, the price could drop to $3,300 and then to $3,000.



In his analysis, Çakıroğlu also touched on leading names in the altcoin market, including XRP, Solana, BNB, and Dogecoin. He expressed that especially if Solana and BNB surpass their current resistance points, they are expected to maintain their upward trends. However, he cautioned that if these cryptocurrencies fall below their support levels, sharp declines could occur, and investors should be careful in this regard.



Cryptocurrency market expert Mert Can Çakıroğlu finally invited investors to be cautious, advising them to closely monitor market conditions and prioritize risk management. According to Çakıroğlu, the buying and selling dynamics in exchanges and market conditions will continue to be the fundamental determinants of price movements. You can watch the full analysis of Bitcoin and altcoin by Mert Can Çakıroğlu by clicking this link.



Disclaimer: This news does not contain investment advice or recommendations. Every investment and trading action carries risk, and individuals should conduct their own research when making decisions in their investment processes.



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