You can also read this news on COINTURK NEWS: Cryptocurrency Experts Make Bold Moves in a Volatile Market

Following a dip to $117,180, Bitcoin (BTC) price has bounced back to $118,500. Other cryptocurrencies like ADA and AVAX have also reversed their losses, achieving daily gains of up to 3%. The most critical event of today is the meeting between Trump and Putin, with anticipated statements set to increase market volatility. What are the current predictions for cryptocurrencies INJ, HYPE, and BTC from the experts?

INJ and HYPE Coin

HYPE, one of the favorite altcoins of the crypto analyst known as Altcoin Sherpa, is back in the limelight. In 2021, DeFi futures platform tokens experienced substantial price increases amid massive enthusiasm. Assessing the current situation, the analyst speaks confidently about the long-term future of the altcoin.

“When the market is volatile and uncertain, money turns to quality. And I think nothing beats HYPE. HyperLiquid charges huge transaction fees and still remains one of the best platforms to trade on, period. I still have a small position and trade there regularly. Although I believe most returns are done during this period (I still believe so), I think it will go over $75 in the future.”

The ambitious $75 target suggests an attractive opportunity for profit for those buying at current prices. The INJ Coin chart shared by Ali Martinez highlights the potential for a correction before a stronger surge, with a target of $28, indicating nearly a 100% increase.

Bitcoin (BTC)

As BTC rises to $119,361, it focuses on upcoming statements by Trump regarding Putin. He mentions that there will be a second meeting, signaling that clear messages on progress towards a ceasefire or peace agreement are expected today. However, if Trump declares that a second meeting with Putin will not happen, it could lead to a spike in oil prices and increasing geopolitical tensions, causing significant downturns in the risk markets. We might face a terrible start to the weekend.

Sherpa is satisfied with Bitcoin holding at $117,000 but warns that losing this crucial level could lead to a drop to $110,000. When could such a decline occur? The analyst mentions that the next few days are risky and is particularly concerned about the potential for low weekend trading volume to exacerbate this weakness.

Jelle, who shared the above chart, adds:

“Bitcoin is recovering well after the post-PPI panic. Price held the support level – the CME gap was filled by 75%, and the price is now above the 4-hour 50EMA. $120,000 continues to be the area to turn into a support level. If this happens, price discovery will be the next step.”

The post Cryptocurrency Experts Make Bold Moves in a Volatile Market appeared first on COINTURK NEWS.