Bitcoin to Turkish Lira Signals and Price Predictions

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The BTC/TRY currency pair is considered a high-risk instrument due to increased volatility. The price change in a day could reach 1-2%, and during periods of high volatility this value could be as high as 4-6%.


In the past several years, the BTC/TRY price hit all-time highs several times. In 2021, the quotes exceeded TRY 650,000 twice. In 2023, a new all-time high was recorded when the price broke the level of 800,000 liras. The key drivers are resumption of the BTC price growth against the global economic recovery, and the 3x decline in the value of the Turkish lira.


In our article, you will be able to learn the latest price forecasts and signals on the BTC/TRY currency exchange rate for 1 hour-1 week. BTC/TRY forecasts and signals are based on the technical analysis indicators.

NOTE!

On this page, you will find the latest information about current prices, updated and new forecasts for short and long-term intervals:

  • Asset quotes are updated every minute.
  • Price chart is updated every minute.
  • Technical indicator data is updated according to the time frame. For example, on M5, the data is updated every 5 minutes.
  • Medium and long-term forecasts are updated every hour.

Bitcoin price prediction for 1 day and for 1 week

Short-term Bitcoin forecast by TU is prepared automatically on the basis of technical analysis of moving averages and indicators for each timeframe (interval) separately. Select the timeframe you need to find out Bitcoin forecast for today.

NOTE!

Signals may differ on different timeframes. If you want to buy BTC and hold it for longer than one week, it is best to use the signals on daily and weekly timeframes. Timeframes from 5 minutes to 1 hour are best suitable for short-term transactions

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Indicator Based Technical Analysis of BTC/TRY

To find a better entry point, also find out what TradingView technical analysis tool signals for the Bitcoin (BTC/TRY) price. "Sell" or "Strong Sell" means that most of the signals are bearish. "Buy" or "Strong Buy" means that most of the signals are bullish. For short-term signals, it is recommended to use settings from 15 minutes to 2 hours. For long-term signals, it is recommended to use settings from 4 hours to 1 week.

What Influences BTC/TRY Long-term Price Forecast

BTC plays the key role in the BTC/TRY currency pair, as the asset has high volatility. The price of the Turkish lira is regulated by the Central Bank, while the BTC price is determined by the demand and supply ratio. Therefore, the news of the cryptocurrency world will be the key fundamental factors impacting the price of the currency pair.


Key factors impacting the BTC/TRY price:

  • Policy of regulators on cryptocurrencies and cryptocurrency exchanges. Any restrictions, license revocations hold back price growth.
  • Policy of market makers. News releases about major acquisitions of institutional investors push the price up.
  • Condition of the global economy. Macroeconomic statistics. For example, stagnation of the global economy pushes investors to move money into low-risk assets. Reduction of the Fed’s discount rate pushes the BTC price up in the short term.
  • Overall market sentiment. When the BTC price starts to rise, private investors enter the market, increasing the demand and driving the price further.
  • Development of technologies, news about successful launches of large projects have an indirect impact on the BTC price.

Monetary policy of the Turkish Central Bank impacts the BTC/TRY price. Consistent weakening of the national currency can push the BTC/TRY price up. Also, the loyal policy can cause the price to rise.

BTC/TRY Chart Online

Latest exchange rates online

Price prediction methodology

The following tools and instruments were used for making the prediction:


Basic instruments of technical analysis. The forecast relies on basic technical indicators. The analysis was performed mostly on medium and long-term time frames for more accurate results.

Chart analysis. Analysis comprises a review of key levels of support, resistance, trend lines, as well as patterns formed on different time frames.

Statistical tools help evaluate a probability of a fundamental factor that could impact the price, its nature and intensity of impact.

Methods of mathematical and statistical analysis; modeling, adaptive forecasting methods.

Expert opinions and consensus forecast.

NOTE!

This forecast is based on current information and data of previous periods. Emergence of strong fundamental factors capable of radically changing the overall market trend and subsequent price trend is possible. The forecasts are updated regularly based on the latest data.

This article is created for informational purposes only and does not constitute investment advice. Be aware of the high volatility of cryptocurrencies and consider these risks when making investment decisions.

FAQs

What is the upcoming prediction of BTC?

Analysts believe that in the short term a slow upward trend with relatively shallow corrections will continue. However, a trend reversal is possible under conditions of a radical change of the approach towards the internal price regulation.

How much is 100 bitcoin in Turkish lira?

The BTC/TRY price changes constantly. The annual price change can be as high as 50-100%. At the moment, 100 BTC cost TRY 206,108,800.

Should I buy BTC now?

In the long term, BTC is likely to grow, so considering a 2-5 year outlook, you may consider buying it right now. However, in the short-term, BTC exhibits high volatility. It is advisable to buy BTC at its lows or when it completes a correction and bounces back from a support level.

What strategies are suitable for the BTC/TRY currency pair?

For intraday intervals, any strategy that involves making money on volatility is suitable: scalping, swing trading, level breakdown trading. Long-term strategy - positional investment with the expectation of an upward trend.