As a seasoned researcher with a deep-rooted interest in cryptocurrencies and market trends, I find myself intrigued by these analyst predictions for Bitcoin’s price surge. Having closely followed the crypto market since its inception, I must admit that the bullish sentiments expressed by these analysts are not entirely alien to me.
The cost of Bitcoin is gradually surpassing $70,000, demonstrating consistent growth even with the negative impact on US stocks from the bearish market trends. Observing Bitcoin’s recent price fluctuations, a cryptocurrency expert predicts that the original digital coin might be preparing for a powerful bull surge, potentially increasing its value by more than 70%, and reaching beyond the $100,000 threshold.
Here’s How High An Analyst Project’s Bitcoin’s Next Price
According to well-known cryptocurrency expert, Javon Marks, he suggested in a recent post on the platform X (previously known as Twitter) that the latest fluctuations in Bitcoin’s price may indicate an upcoming bullish trend. He noted that the current market situation for Bitcoin appears similar to past patterns and tendencies.
As a crypto investor, I recently came across an intriguing chart by Marks that showcases Bitcoin’s price movement from this year up until now. The analyst pointed out an interesting pattern called Hidden Bull Divergence, which emerged in 2023 starting from February and stretching all the way to November. Currently, it seems that we are witnessing a similar trend of another Hidden Bullish Divergence pattern taking shape, with its onset at the start of this year and potentially extending until the end of the year.
According to Mark’s analysis, these similar price trends indicate that Bitcoin could be on the verge of a major upward spike towards new record highs in the near future. He predicts that Bitcoin might reach a level 70% higher than its current price, potentially peaking at an astounding $116,652 as it prepares for one of the most powerful bull runs ever observed.
According to a recent post by Mark, his analysis has persistently pointed towards a Bitcoin price target of $116,600. As early as September 12th, he predicted that this all-time high was yet to be reached, with Bitcoin still having a potential increase of 100% to reach the projected figure.
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
A prominent cryptocurrency expert, known as ‘Yoddha’ on platform X, has shared a Bitcoin price chart indicating its potential upcoming bullish price level. His confident statement, “When in doubt, zoom out,” suggests he believes Bitcoin will significantly increase in value during the current season.
According to the analyst’s analysis shown on the Bitcoin price chart, he has predicted potential future price ranges for the cryptocurrency. He suggests that Bitcoin could reach prices between $130,000 and $170,000, implying a significant increase in its value. This projected surge is anticipated to happen around the year 2025 as the bull market reaches its peak.
Instead, let me rephrase: Elja, who specializes in market analysis for X, predicts a more restrained Bitcoin price goal, estimating the cryptocurrency could reach a fresh all-time high of approximately $94,000. He anticipates that this significant price surge will commence around October.
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2024-10-26 04:16