2024

Bitcoin

Optimism

Gold

<p>The post <a href="https://coinpedia.org/news/bitcoin-price-poised-for-10-spike-analysts-predict-ath-by-months-end/">Bitcoin Price Poised for 10% Spike: Analysts Predict ATH by Month’s End</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Bitcoin’s (BTC) price is preparing to close above 2021’s all-time high (ATH) in a monthly candle for the first time. Having entered the price discovery phase of the macro bull run, the flagship coin is expected to continue in an uptrend in the long haul.&nbsp;</p> 
<p>Moreover, the highly anticipated Bitcoin halving is about three weeks from happening, reducing the daily supply from 900 BTCs to 450 coins.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-bitcoin-whales-on-the-move">Bitcoin Whales on the Move</h2> 
<p>After taking a breather last week, Bitcoin whales have increased their accumulation pace since Monday. According to the latest weekly report from CoinShares, more than $940 million was withdrawn from crypto investment products last week, led by Bitcoin. However, market data provided by Santiment shows that Bitcoin whales have accumulated more than 100,000 BTCs in the past seven days, around $7 billion.</p> 
<h2 class="wp-block-heading" id="h-traders-optimism">Traders’ Optimism</h2> 
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> traders normally hope that <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> and other assets carve their own market performance path, without reliance on <a href="https://twitter.com/hashtag/equities?src=hash&amp;ref_src=twsrc%5Etfw">#equities</a> or other sectors. But for a change, the crowd has been suggesting that the strong <a href="https://twitter.com/hashtag/AllTimeHigh?src=hash&amp;ref_src=twsrc%5Etfw">#AllTimeHigh</a> levels from the <a href="https://twitter.com/hashtag/SP500?src=hash&amp;ref_src=twsrc%5Etfw">#SP500</a> and <a href="https://twitter.com/hashtag/gold?src=hash&amp;ref_src=twsrc%5Etfw">#gold</a> are creating a… <a href="https://t.co/BfzzN3W9k5">pic.twitter.com/BfzzN3W9k5</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1773093178318696887?ref_src=twsrc%5Etfw">March 27, 2024</a>
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<p>The cryptocurrency market anticipates an inevitable breakout after Gold and major indexes led by the S&amp;P 500 broke out to reach new all-time highs (ATH). Furthermore, the correlation between Bitcoin, the altcoin industry, precious metals, and stock indexes remains high amid institutional investors’ mainstream adoption of the web3 sector.</p> 
<p>Remarkably, Bitcoin’s funding rate ratio spiked to a two-week high, thus signaling an imminent bullish breakout.</p> 
<h2 class="wp-block-heading" id="h-bitcoin-price-midterm-targets">Bitcoin Price Midterm Targets</h2> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> appears to be breaking out of a bull flag on the 4-hour chart! If <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> holds above $70,000, we could see a surge of nearly 10% to a new all-time high of $77,000! <a href="https://t.co/MPVB70p9DU">pic.twitter.com/MPVB70p9DU</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1773239505559949490?ref_src=twsrc%5Etfw">March 28, 2024</a>
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<p>With all the factors highlighted above, there is a decent chance for the Bitcoin price to reach a new ATH before the end of this month. According to a technical analysis by a popular analyst Ali Martinez, Bitcoin price is on the cusp of a 10 percent spike to $77,000 after breaking out of a bullish flag in the past 24 hours.</p>

Bitcoin Price Poised for 10% Spike: Analysts Predict ATH by Month’s End

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