Cryptocurrency

Illuvium

Bitcoin

<div class="finbold">
 <p class="paragraph">In a period that has been positive for most cryptocurrencies, Bitcoin (BTC) performed as well. This flagship crypto hit its <a rel="noopener noreferrer nofollow" title="yearly" href="https://thebittimes.com/tag/yearly.html">yearly</a> high, climbing to a milestone of $36,800.</p>
 <div></div>
 <p class="paragraph">Offering us another valuable insight, crypto analyst Michaël van de Poppe shared his thoughts on the BTC’s new <a rel="noopener noreferrer nofollow" title="yearly" href="https://thebittimes.com/tag/yearly.html">yearly</a> high, announcing a bull cycle and forecasting where Bitcoin’s <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> is headed in the future, in his post on X on November 9.</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">Poppe noted:</p>
  <p class="paragraph">“It’s expected to see Bitcoin reach $45,000-50,000 pre-halving, after which we’ll have a heavy correction back to $32,000-35,000 and consolidate from there.”</p>
 </blockquote>
 <div class="not-prose relative overflow-auto scrollbar-hide mb-8 mt-8">
  <div class="relative w-full flex gap-6 snap-x snap-mandatory overflow-x-auto">
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/09/5c6fad16411435fff8f2556f44df5e6d.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="why-is-crypto-market-up-today">Why is crypto market up today?</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/09/b1fc7f1cce7d83f7f7e5806860cd44f8.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="illuvium-rockets-17-as-web3-game-unveils-epic-store-launch-date">Illuvium rockets 17% as Web3 game unveils Epic Store launch date</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/08/1b52841b0a77bef404d3f8206e38f5c2.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="chatgpt-predicts-price-of-cardano-for-start-of-2024">ChatGPT predicts price of Cardano for start of 2024</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/08/bb400cdd325ebc53c309de2a0eb65828.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Technology 
       <h3 class="font-bold leading-6 " id="baby-shark-creator-and-tinytap-partner-to-improve-digital-early-learning">Baby Shark creator and TinyTap partner to improve digital early learning</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/09/26a6576160720149f97b3e955354f24e.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="3-things-to-look-out-for-xrp-in-november">3 things to look out for XRP in November</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">BTC is currently trading at $36,666, marking a 3.84% positive change in the past 24 hours, topping the 3.96% gains made over the previous 7 days and the impressive 32.58% rise over a month.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/11/09/9c1f98ea47cf38908c9a57b6eb04d0dc.webp" alt="BTC 24-hour price chart  Source: Finbold" class="wp-image-136444" srcset="https://cdn.thebittimes.com/images/2023/11/09/9c1f98ea47cf38908c9a57b6eb04d0dc.webp 1024w, https://cdn.thebittimes.com/images/2023/11/09/9c1f98ea47cf38908c9a57b6eb04d0dc.webp 300w, https://cdn.thebittimes.com/images/2023/11/09/9c1f98ea47cf38908c9a57b6eb04d0dc.webp 768w, https://cdn.thebittimes.com/images/2023/11/09/9c1f98ea47cf38908c9a57b6eb04d0dc.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   BTC 24-hour price chart. Source: Finbold
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-btc-market-cycles">BTC market cycles</h2>
 <p class="paragraph">Continuing on his current <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>, van de Poppe offers a prediction of the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> movement of this famous crypto asset.</p>
 <p class="paragraph">He claims that we’re stepping into the debut of the bull cycle, definitively putting the bear market behind us. Altcoins are gaining traction, and Bitcoin has surged past the $30,000 mark.&nbsp;</p>
 <p class="paragraph">van de Poppe reminds us that crypto markets adhere to four-year cycles, each featuring distinctive phases: a red bear market, a green accumulation year, a purple bull phase 1, and a green bull phase 2 (the mania period).</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="545" src="https://cdn.thebittimes.com/images/2023/11/09/8bfbb5c955e2193975d3646a4f41e427.webp" alt="Bitcoin cycle and price movement  Source: Michaël van de Poppe
" class="wp-image-136448" srcset="https://cdn.thebittimes.com/images/2023/11/09/8bfbb5c955e2193975d3646a4f41e427.webp 1024w, https://cdn.thebittimes.com/images/2023/11/09/8bfbb5c955e2193975d3646a4f41e427.webp 300w, https://cdn.thebittimes.com/images/2023/11/09/8bfbb5c955e2193975d3646a4f41e427.webp 768w, https://cdn.thebittimes.com/images/2023/11/09/8bfbb5c955e2193975d3646a4f41e427.webp 1536w, https://cdn.thebittimes.com/images/2023/11/09/8bfbb5c955e2193975d3646a4f41e427.webp 1634w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Bitcoin cycle and price movement. Source: Michaël van de Poppe
  </figcaption>
 </figure>
 <p class="paragraph">The bear market spanned from November 2021 to November 2022, hitting its lowest point in November. Since then, the accumulation year has unfolded, and the current month signals the close of this phase.</p>
 <p class="paragraph">Following this, we’ll transition into a year of bull phase 1. This phase typically sees Bitcoin steadily climbing without reaching its all-time high and occurs in the second year of the bull market.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
 <p class="paragraph"></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-hits-new-yearly-high-what-s-next-for-btc-price-tbt69633.html">https://thebittimes.com/bitcoin-hits-new-yearly-high-what-s-next-for-btc-price-tbt69633.html</a></p>

Bitcoin hits new yearly high; What’s next for BTC price?

Table of Contents

TheBitTimes

Other articles published on Nov 9, 2023

Harga Token FTT Melonjak 99 Persen dalam 24 Jam

Fujitsu Unveils Groundbreaking Technology To Address Global GPU Shortage

Ethereum Soars Past $2,000 as BlackRock’s iShares Ethereum Trust Sparks Market Optimism!

European Banking Authority Follows UK With Stablecoin Draft Proposals

“Invitation to draft Kenyan crypto bill is a validation” -Blockchain Association of Kenya

Chainlink: LINK Surges 98%, Can it Hit $20?

Join our free newsletter for daily crypto updates!