Optimism

Rekt

Rise

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoins-rise-marks-the-start-of-a-potential-bull-run-experts-claim" rel="noopener noreferrer nofollow">Bitcoin’s Rise Marks the Start of a Potential Bull Run, Experts Claim</a><br></p>
<p style="text-align: justify">With <a href="https://en.bitcoinhaber.net/experienced-investor-skeptical-of-bitcoins-200k-prediction-for-2024-foresees-100k-bull-run" rel="noopener noreferrer nofollow">Bitcoin</a>‘s recent surge past the $71,000 mark, market analysts are signaling the early stages of a bull run, drawing parallels with the previous cycle’s high of $20,000. Bitcoin’s breakthrough took place on March 11, coinciding with <a href="https://en.bitcoinhaber.net/ethereum-staking-surge-post-shapella-upgrade" rel="noopener noreferrer nofollow">Ethereum</a>‘s ascent beyond $4,000 for the first time since 2021.</p>
<h2 id="analysts-project-bullish-trajectories-for-bitcoin">Analysts Project Bullish Trajectories for Bitcoin</h2>
<p style="text-align: justify">Analyst Willy Woo introduces a new price model that considers a range of investor activity indicators. According to Woo, Bitcoin’s current level is a sign of a nascent bull market, with a potential upper boundary of $337,000. Woo’s model suggests the market’s present phase is comparable to the early stages of the last bull market when Bitcoin was valued around $20,000.</p>
<p style="text-align: justify">Illustrating Woo’s prediction, the Bitcoin Macro Index recently showcased a breach of the upper blue band, which traditionally signifies a robust bull market based on strong fundamentals. Meanwhile, analyst Rekt Capital foresees a possibility for Bitcoin’s bull market to peak sooner than past trends, potentially between December 2024 and February 2025, based on the current market speed.</p>
<p style="text-align: justify">Another viewpoint by analyst CryptoCoin posits that Bitcoin’s typical four-year cycle might be shortening by approximately one year, signifying accelerated market dynamics that could see a peak late in 2024, a deviation from the previously anticipated 2025 peak.</p>
<h2 id="optimism-for-bitcoin-s-future-valuation">Optimism for Bitcoin’s Future Valuation</h2>
<p style="text-align: justify">Dave the Wave, another Bitcoin analyst, suggests that if the current pattern of growth morphs into a full parabolic trend, Bitcoin’s value might hit around $170,000 as soon as May. He bases his prediction on <a href="https://en.bitcoinhaber.net/market-watch-btc-below-40k-as-solana-and-avalanche-navigate-uncertain-terrain" rel="noopener noreferrer nofollow">technical analysis</a>, including the weekly moving average convergence divergence (MACD), a tool used by investors to determine market entry and exit points.</p>
<p style="text-align: justify">Despite these projections, some speculate even more optimistic futures for Bitcoin’s valuation. Cathie Wood of Ark Invest has expressed a long-term price goal for Bitcoin exceeding $1 million, especially following regulatory developments that favor the cryptocurrency, such as the approval of spot Bitcoin exchange-traded funds (ETFs) by the SEC.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoins-rise-marks-the-start-of-a-potential-bull-run-experts-claim" rel="noopener noreferrer nofollow">Bitcoin’s Rise Marks the Start of a Potential Bull Run, Experts Claim</a></h5>

Bitcoin’s Rise Marks the Start of a Potential Bull Run, Experts Claim

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