Bitcoin Price To See 70%+ Powerful Bull Wave To Push It Over $100,000, How High Can It Go?
25 Outubro 2024 - 10:00PM
NEWSBTC
The Bitcoin price is slowly breaching the $70,000 mark, showcasing
steady upward momentum despite downward pressure from the bearish
performance of the US equities market. Taking note of Bitcoin’s
recent price movements, a crypto analyst has suggested that the
pioneer cryptocurrency could be gearing up for a strong bull wave
that could drive its price by over 70%, pushing it past the
$100,000 milestone. Here’s How High An Analyst
Project’s Bitcoin’s Next Price Popular crypto analyst, Javon Marks
revealed in an X (formerly Twitter) post on Thursday that Bitcoin’s
recent price movements were signaling an impending bull rally. The
analyst observed that Bitcoin’s current market conditions resemble
past patterns and trends. Related Reading: Ethereum Price At
$10,000: Symmetrical Triangle Breakout Predicts Big Gains Marks
presented a detailed chart depicting Bitcoin’s price action from
2023 till date. The analyst noted that the Bitcoin price had formed
a Hidden Bull Divergence pattern in 2023, spanning from February to
November. Similarly, the cryptocurrency is currently developing
another Hidden Bullish Divergence pattern, beginning at the start
of the beginning of the year and appearing to extend towards
year-end. Based on these parallel price movements, Marks
suggests that Bitcoin is poised for a significant rally to new
highs soon. The analyst projects that Bitcoin’s next target is
presently 70% above its current price, with the potential to surge
as high as $116,652 as it experiences one of the most explosive
bull waves ever seen. From Mark’s X post, it can be seen that
the analyst has consistently projected the $116,600 price target
for Bitcoin. His earliest Bitcoin prediction of this all-time high
was on September 12, when he claimed that Bitcoin’s rise to over
$116,600 was still 100% away. Mark’s unwavering confidence in
this price target suggests a strong conviction that Bitcoin is
poised to reach a new ATH this cycle. Currently, the price of
Bitcoin is trading at $67,601, marking a 1.31% increase in the last
24 hours and a 5.86% increase over the past month, according to
CoinMarketCap. Bitcoin Price Could Jump Even Higher Than
$116,000 Another well-known crypto analyst, identified as ‘Yoddha’
on X has presented a Bitcoin price chart highlighting its next
bullish price target. With a caption that reads: “When in doubt,
zoom out,” the analyst has expressed his confidence that Bitcoin is
set to skyrocket this season. Related Reading: Analyst Says
Dogecoin Price Looks ‘Ready’, Predicts 5,202% Surge In the price
chart, the analyst pinpointed his next target for Bitcoin,
indicating that the cryptocurrency could see its price soaring
between $130,000 to $170,000. This price surge is expected to occur
around 2025 when the bull market is fully underway.
Conversely, Elja, a market expert on X, has projected a more
conservative price target for Bitcoin, expecting the cryptocurrency
to soar to a new ATH of around $94,000. However, the analyst
believes that this massive price breakout will begin in
October. Featured image created with Dall.E, chart from
Tradingview.com
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