{"id":7890,"date":"2024-09-18T19:30:05","date_gmt":"2024-09-18T19:30:05","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=7890"},"modified":"2024-09-18T19:30:05","modified_gmt":"2024-09-18T19:30:05","slug":"crypto-analyst-says-bitcoin-all-time-high-only-a-month-away-after-breaking-60000","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=7890","title":{"rendered":"Crypto Analyst Says Bitcoin All-Time High Only A Month Away After Breaking $60,000"},"content":{"rendered":"

Bitcoin (BTC) could be gearing up for a new All-Time High (ATH)<\/a> this year if it breaks through key resistance levels at $60,000. Despite experiencing substantial volatility and price instability over the past few months, analysts express bullish optimism<\/a> for the cryptocurrency in the coming months.\u00a0<\/p>\n

New Bitcoin All-Time High Incoming<\/h2>\n

The Bitcoin price chart is flashing bullish signals as the cryptocurrency is up above $60,000 once again. Earlier this month, Bitcoin jumped over the $60,000 mark<\/a> but witnessed a minor correction that pushed its price back below $59,000.\u00a0<\/p>\n

With the cryptocurrency recovering its previous momentum, many analysts expect more gains in the future. In an X (formerly Twitter) post<\/a> on September 17, popular crypto analyst, Michael van de Poppe suggested that as long as Bitcoin can maintain a steady price above $58,500, the market will remain strong and positive, signaling the possible start of the bull market<\/a>.<\/p>\n

Based on his price chart of Bitcoin\u2019s movements, the $58,500 price mark is seen as a critical support area to hold and Poppe has predicted that if Bitcoin continues to trade above this level, it could experience a massive pump to new all-time highs in October 2024<\/a>. This significant price increase is anticipated to surpass Bitcoin\u2019s current ATH<\/a>, which jumped above $73,000 in March 2024.\u00a0<\/p>\n

At the time, the trigger to Bitcoin achieving its March ATH was the launch of Spot Bitcoin ETFs<\/a> and the subsequent large-scale demand. This time, BTC is expected to reach a new ATH, catalyzed by a confluence of factors, including the fact that Q4 of all Bitcoin halving <\/a>years is typically seen<\/a> as a bullish period for the cryptocurrency.\u00a0<\/p>\n

Before this attack on the ATH in October, Poppe revealed<\/a> that Bitcoin may experience a \u201csweep of the liquidity\u201d as well as a short period of consolidation. The analyst highlighted that September remains a significantly weak month <\/a>for Bitcoin, characterized by price declines<\/a> and volatility.\u00a0<\/p>\n

However, he has forecasted that BTC could witness a clear breakout to the upside above $62,000 by the end of the month, or in early October. As of writing, Bitcoin is trading at $60,471, marking a 3.76% price increase in the last 24 hours, according to CoinMarketCap.\u00a0<\/p>\n

Next Three Months Seen As Bullish Period For BTC<\/h2>\n

Bitcoin has been in a long downtrend, with Q3 seen as one of its most bearish periods this year. Despite the cryptocurrency\u2019s price crash<\/a> and previously persistent declines, analysts highlight<\/a> that the coming months will be significantly bullish for the cryptocurrency.\u00a0<\/p>\n

Crypto analyst, Crypto Rover disclosed<\/a> on X that September has historically been the worst month for Bitcoin, however, he believes Q4 is set to be the best<\/a>.\u00a0<\/p>\n

Other analysts like \u2018Stockmoney Lizards\u2019 foresee<\/a> Bitcoin hitting a whopping $100,000 price target by year\u2019s end, with expectations that Q4 (between October to December) would significantly push the cryptocurrency to the upside.\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) could be gearing up for a new All-Time High (ATH) this year if it breaks through key resistance levels at $60,000. Despite experiencing substantial volatility and price instability over the past few months, analysts express bullish optimism for the cryptocurrency in the coming months.\u00a0 New Bitcoin All-Time High Incoming The Bitcoin price chart […]<\/p>\n","protected":false},"author":0,"featured_media":7891,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-7890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/7890"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7890"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/7890\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/7891"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}