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<ul> 
 <li>Bitcoin’s price action is currently undergoing a major corrective phase, but analysts predict a strong upward movement soon.</li> 
 <li>Based on past price action, some experts believe Bitcoin could surge above $73,800 and even reach new all-time highs of $100,000.</li> 
 <li>Key factors such as inflation and the M2 money supply in the United States could also impact Bitcoin’s price.</li> 
</ul> 
<p><strong>Despite a corrective phase, Bitcoin’s price action could see a significant surge, potentially reaching new all-time highs. This article explores the factors that could drive this upward trend.</strong></p> 
<h2 id="strong-historical-price-action-places-btc-above-90-000-in-coming-months-strong"><strong>Historical Price Action Places BTC Above $90,000 In Coming Months</strong></h2> 
<p>One analyst recently offered a bold prediction based on Bitcoin’s price action from late 2022. During that period, Bitcoin experienced a significant drop to as low as $15,500 before rebounding sharply throughout 2023 and Q1 2024. If Bitcoin follows this pattern, the analyst predicts that the coin could soar to $90,000 and potentially even reach $100,000. The exact timeframe for this surge remains unclear, but another analyst suggests that Bitcoin must trade above $60,000 to maintain its upward momentum. This could potentially see Bitcoin reach as high as $95,000 by August 2024.</p> 
<h2 id="strong-bitcoin-s-price-trends-and-key-support-trend-line-strong"><strong>Bitcoin’s Price Trends and Key Support Trend Line</strong></h2> 
<p>Further supporting this bullish outlook, another analyst noted that after Bitcoin’s price dropped to as low as $56,500 this week, it retested a key support trend line. As long as this trend line holds, it’s only a matter of time before prices shoot higher. However, prices will only flip green if there is a close above the current all-time hi... <a href="https://en.coinotag.com/bitcoin-btc-set-to-soar-above-90000-amid-rising-money-supply-crypto-analyst-predicts/">Read the full article for FREE at COINOTAG!</a></p>

Bitcoin (BTC) Set to Soar Above $90,000 Amid Rising Money Supply, Crypto Analyst Predicts

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