Bitcoin Price Enters ‘Second Breakout Of The Cycle’ — Analyst
The post Bitcoin Price Enters ‘Second Breakout Of The Cycle’ — Analyst appeared on BitcoinEthereumNews.com.
Este artículo también está disponible en español. The Bitcoin price could see its second massive breakout in this current market cycle, as a crypto analyst has predicted a peak above $150,000 for the pioneer cryptocurrency. This bullish forecast comes on the heels of Bitcoin’s previous All-Time High (ATH) this month when it surpassed the $75,000 mark. Related Reading Bitcoin Price Peak Set Above $150k In just 2024, Bitcoin has reached three major all-time highs, making a historic move for the cryptocurrency. Earlier in March, the cryptocurrency crossed the $73,000 level, hitting a new ATH. A few days after the November United States (US) Presidential election, the cryptocurrency exceeded expectations with a massive rally to an ATH above $75,000. Today, Bitcoin just hit a fresh ATH, surpassing the $77,000 price level. Each of these ATHs were primarily spurred on by different market factors, with the March price high fueled by the launch and surging demand for Spot Bitcoin ETFs and the November ATHs triggered by the market sentiment following Donald Trump’s reelection as the 47th President of the United States. Considering these major market moves, a crypto analyst, identified as Titan of Crypto on X (formerly Twitter), has released Bitcoin’s second most critical breakout of this market cycle. Sharing a detailed chart of Bitcoin’s price movements from 2013 to the present, the analyst highlighted a projected path for BTC to reach a market peak above $160,000. The analyst predicted that the price of Bitcoin could surge between $160,000 and $230,000 by 2025. Titan of Crypto based this bullish prediction of Bitcoin’s market peak on the cryptocurrency’s historical price action. Based on the chart, the analyst showed that Bitcoin hit a “2nd breakout” between 2016 and 2018, leading to a price surge of $12,679. Similarly, in the following market cycle, Bitcoin hit…
Filed under: News - @ November 10, 2024 3:33 am