Cryptocurrency

Bitcoin

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<ul>
 <li>Cryptocurrency technical analyst CryptoCon predicted in a tweet that Bitcoin (BTC) could rise to as high as $45,500 in the near future.</li>
 <li>CryptoCon shared that BTC has entered the fourth stage of its mid-cycle in the tweet. As a result, the cryptocurrency is currently progressing towards the “mid-top” of the cycle.</li>
 <li>Considering the first month after the end of the second stage, CryptoCon predicted that BTC could reach $45,000 by November.</li>
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<p><strong>As Bitcoin’s price attempts to hold above $34,000, the prominent analyst assessed the possibility of Bitcoin reaching $45,000.</strong></p>
<h2 id="strong-can-bitcoin-s-price-reach-45-000-strong"><strong>Can Bitcoin’s Price Reach $45,000?</strong></h2>
<p><img decoding="async" loading="lazy" class="alignnone size-full wp-image-126547" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-49.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="Bitcoin-BTC" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-49.webp?w=1280&amp;quality=70&amp;ssl=1 1280w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-49.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-49.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-49.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-49.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-49.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-49.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p>
<p>Cryptocurrency technical analyst CryptoCon predicted in a tweet that Bitcoin (BTC) could rise to as high as $45,500 in the near future. This prediction, according to the analyst, came after the leading cryptocurrency entered a new stage in its current cycle.</p>
<p>CryptoCon shared that BTC has entered the fourth stage of its mid-cycle in the tweet. As a result, the cryptocurrency is currently progressing towards the “mid-top” of the cycle, which is around $45,500.</p>
<p>The analyst added that the end of the second stage is often followed by a direct move for the fifth stage. This led CryptoCon to predict that BTC could surge to $45,000 in the near future. However, Bitcoin will need to break the $36,368 resistance level to begin this surge.</p>
<p>Nonetheless, the analyst maintained confidence in Bitcoin’s price rising in the medium term. According to CryptoCon’s analysis, this confidence is based on the fact that the move to the “mid-top” occurred within 2 months of the end of the second stage. Given that the first month after the second stage has ended, CryptoCon predicted that BTC could reach $45,000 by November.</p>
<figure id="attachment_130219" aria-describedby="caption-attachment-130219" style="width: 100%" class="wp-caption alignnone"><a href="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/Bitcoin-Mid-Cycle-Fibonacci-Phases-scaled.webp?quality=70&amp;ssl=1" rel="noopener noreferrer nofollow"><img decoding="async" loading="lazy" class=" td-modal-image wp-image-130219 size-full" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/Bitcoin-Mid-Cycle-Fibonacci-Phases-scaled.webp?resize=696%2C367&amp;quality=70&amp;ssl=1" alt="Bitcoin-Mid-Cycle-Fibonacci-Phases" width="696" height="367" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/Bitcoin-Mid-Cycle-Fibonacci-Phases-scaled.webp?w=2560&amp;quality=70&amp;ssl=1 2560w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/Bitcoin-Mid-Cycle-Fibonacci-Phases-scaled.webp?resize=300%2C158&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/Bitcoin-Mid-Cycle-Fibonacci-Phases-scaled.webp?resize=1024%2C540&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/Bitcoin-Mid-Cycle-Fibonacci-Phases-scaled.webp?resize=768%2C405&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/Bitcoin-Mid-Cycle-Fibonacci-Phases-scaled.webp?resize=1536%2C809&amp;quality=70&amp;ssl=1 1536w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/Bitcoin-Mid-Cycle-Fibonacci-Phases-scaled.webp?resize=2048%2C1079&amp;quality=70&amp;ssl=1 2048w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/Bitcoin-Mid-Cycle-Fibonacci-Phases-scaled.webp?resize=150%2C79&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/Bitcoin-Mid-Cycle-Fibonacci-Phases-scaled.webp?resize=696%2C367&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/Bitcoin-Mid-Cycle-Fibonacci-Phases-scaled.webp?resize=1068%2C563&amp;quality=70&amp;ssl=1 1068w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/Bitcoin-Mid-Cycle-Fibonacci-Phases-scaled.webp?resize=1920%2C1012&amp;quality=70&amp;ssl=1 1920w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/Bitcoin-Mid-Cycle-Fibonacci-Phases-scaled.webp?w=1392&amp;quality=70&amp;ssl=1 1392w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></a>
 <figcaption id="caption-attachment-130219" class="wp-caption-text">
  Bitcoin: Mid-Cycle Fibonacci Phases
 </figcaption>
</figure>
<h2 id="strong-current-state-of-bitcoin-price-strong"><strong>Current State of Bitcoin Price</strong></h2>
<p>As of the time of writing, BTC is trading at $34,280 according to available data. It has increased its 24-hour gains by 1.71%, boosting its weekly price performance by 22.22%. In recent days, Bitcoin rose to $35,000, but it retreated to its current level after reaching this high.</p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com/bitcoin-price-aims-for-45000-but-it-needs-to-break-this-resistance/">Bitcoin Price Aims for $45,000, But It Needs to Break This Resistance!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>
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Bitcoin Price Aims for $45,000, But It Needs to Break This Resistance!

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