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<p>Technical analysis plays a pivotal role in deciphering market trends and potential price movements. One analyst, <a href="https://twitter.com/FemtoXBT/status/1768600212828991833?t=B8UOFaPTe8FjP-SFboWrFA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Femto XBT</a>, has garnered attention with their insightful breakdown of Bitcoin’s (BTC) long-term prospects.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="580" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-690-1024x580.png" alt="" class="wp-image-453502" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-690-1024x580.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-690-300x170.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-690-768x435.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-690-1536x870.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-690-2048x1161.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-690-265x150.png 265w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-690-100x57.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-690-618x350.png 618w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-690-788x446.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-690.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Femto XBT’s analysis focuses on the period between 2024 and 2026, a timeframe that encompasses significant milestones for the world’s largest cryptocurrency. According to the analyst, Bitcoin recently achieved a new all-time high (ATH) of around $74,000 but is now showing signs of forming a local top, potentially indicating an impending correction.</p>
<p>A key aspect of the analysis revolves around the concept of “halving,” a pre-programmed event in Bitcoin’s protocol that reduces the reward for mining new blocks by half, occurring roughly every four years. The next halving is predicted to occur on April 21, 2024, which has historically been a bullish catalyst for Bitcoin’s price.</p>
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    <p>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>NuggetRush</strong></a> today! This pioneering memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
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<p>Femto XBT identifies two crucial support levels for Bitcoin during this period. The first support level is at $60,000, while the second is around $40,000. The analyst suggests that a correction to $50,000 is expected before potentially reaching the ambitious $100,000 mark. Notably, Femto XBT recommends that buying Bitcoin below $60,000 could present a favorable opportunity for investors.</p>
<p>However, it’s essential to approach this analysis with caution, as the cryptocurrency market is known for its volatility and unpredictable nature. As XForceGlobal aptly points out, even if traders believe they have caught the bottom, the market can always surprise them, necessitating a reevaluation of their positions.</p>
<p><a href="https://twitter.com/CryptoJelleNL/status/1768912013055467806?t=V0thTKvBUPuSRZ8fmQg_6g&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Jelle</a>, another analyst, adds a historical perspective, noting that Bitcoin’s previous cycle highs have often faced resistance before experiencing explosive downward movements. This observation underscores the importance of exercising prudence and conducting thorough research before making investment decisions.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="471" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-691-1024x471.png" alt="" class="wp-image-453510" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-691-1024x471.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-691-300x138.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-691-767x353.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-691-1536x707.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-691-2048x942.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-691-326x150.png 326w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-691-100x46.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-691-761x350.png 761w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-691-788x362.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-691.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>In technical analysis, multiple factors must be considered, including market sentiment, regulatory developments, and global economic conditions. While Femto XBT’s analysis provides valuable insights, it is crucial for investors to conduct their own due diligence and assess their risk tolerance before entering any position in the volatile cryptocurrency market.</p>
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<p>The post <a href="https://captainaltcoin.com/analyst-points-to-best-price-to-buy-bitcoin-btc-again-amid-decline-anticipates-explosive-growth/" rel="noopener noreferrer nofollow">Analyst Points to Best Price to Buy Bitcoin (BTC) Again Amid Decline, Anticipates Explosive Growth</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Analyst Points to Best Price to Buy Bitcoin (BTC) Again Amid Decline, Anticipates Explosive Growth

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