Bitcoin

The post <a href="https://coinpedia.org/price-analysis/bitcoin-price-to-achieve-new-highs-in-q3-q4-2024-says-an-analyst-heres-when-it-could-break-above-this-range/" rel="noopener noreferrer nofollow">Bitcoin Price to Achieve New Highs in Q3-Q4 2024, Says an Analyst: Here’s When it Could Break Above This Range</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
Ever since the Bitcoin price has rebounded from the lows below $40,000, the token has not only remained consolidated but a huge drop in volume has also been recorded. Each time the price surges above $43,000, bearish activity surges, which results in the crypto reclaiming its initial positions. Considering the current trade set-up, it appears that the <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">BTC price</a> may maintain a range-bound consolidation for more time, which may have a positive impact on the crypto.
The BTC price began the February trade within the same range, remaining stuck around the $43,000 level. This has caused the markets to remain in an equilibrium position, where decoding the next possible move could be a tedious job. Therefore, a popular analyst, <a href="https://twitter.com/CryptoMichNL/status/1754430964762034451" target="_blank" rel="noopener noreferrer nofollow">Michael van de Poppe</a>, says that the BTC price could trade between a high and a low range of $49,000 to $38,000 in the coming months.
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The analyst also believes that the price may soon begin with a pre-halving run to achieve $48,000 after the ongoing consolidation. Moreover, he also predicts the price could trigger a fine upswing and mark a new ATH in Q3 or Q4 2024.
<blockquote class="wp-block-quote">
 “Bitcoin stuck in a range, markets are in an equilibrium.
 I’d looking at the range-bound construction for the coming months.
 Pre-halving a final run towards $48K, after that consolidation, before the breakout towards an ATH in Q3/Q4 of 2024,”
</blockquote>
Currently, the Bitcoin price is trying hard to break above the decisive symmetrical triangle and a bullish daily close beyond $43,700 could validate the move. However, this may not be considered a rise beyond the bearish influence, as a notable move beyond $44,500 to $44,800 may induce significant strength in the bulls, who may elevate the levels beyond $45,000. If the bulls sustain above these levels until the halving, then a fresh BTC price rally may trigger, which may achieve new highs, as said by the analyst.

Bitcoin Price to Achieve New Highs in Q3-Q4 2024, Says an Analyst: Here’s When it Could Break Above This Range

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