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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-analysts-predict-new-all-time-highs/" data-wpel-link="internal">Bitcoin Analysts Predict New All-Time Highs</a> 
Noteworthy developments continue to emerge regarding the upward momentum in the <a href="https://en.coin-turk.com/bitcoin-price-dynamics-and-the-status-of-spot-bitcoin-etfs/" data-wpel-link="internal">cryptocurrency </a><a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">market</a> led by Bitcoin. Accordingly, Bitcoin price observers continue to thoroughly examine the charts, but one analyst claims that the cryptocurrency approaching its all-time high again is not very significant. 
<h2 class="p1" style="text-align: justify" id="what-is-happening-on-the-bitcoin-front">What is Happening on the Bitcoin Front?</h2> 
Quantum Economics founder Mati Greenspan made some striking statements on the subject and summarized the events on the Bitcoin front with the following words: 
<blockquote> 
 “Exciting breakouts make analyzing the charts quite useless until a breakout is achieved.” 
</blockquote> 
The famous figure claimed that there is currently too much noise among crypto <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">investors</a> and market commentators and shared the following statements: 
<blockquote> 
 “There is a very wide range between approximately $50,000 and $70,000 on the chart. What happens within the range is much less important.” 
</blockquote> 
CoinMarketCap <a href="https://newslinker.co/" data-wpel-link="exclude">data</a> shows that Bitcoin was trading around $65,830 at the time of writing. A further 6.7% increase will push the Bitcoin price to $70,000; many analysts believe this event is on the horizon. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-352371 size-full" src="https://coin-turk.com/wp-content/uploads/2024/05/btc-6.webp" alt="" width="1699" height="867"> 
<h2 class="p1" style="text-align: justify" id="comments-on-bitcoin-from-famous-figures">Comments on Bitcoin from Famous Figures</h2> 
According to a post shared by popular crypto analyst and investor Yoddha on X on May 16, the current range definitely forms a bullish continuation pattern, which could bring a new ATH level for Bitcoin. The prediction came just two months after Bitcoin reached an all-time high of $73,797 on March 14. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-352370" src="https://coin-turk.com/wp-content/uploads/2024/05/yoddha.webp" alt="" width="500" height="411"> 
Meanwhile, the bullish indicator showing that Bitcoin’s price downtrend has eased and buyers are gaining dominance in the market, called the inverse head-and-shoulders pattern, was observed by many investors last week, and some indicate that this pattern now signals a breakout. Crypto investor Steph Is Crypto shared the following statements on the subject on May 15: 
<blockquote> 
 “Bitcoin is currently breaking away from the inverse head-and-shoulders pattern as discussed in previous chart updates. The technical price target is set at approximately $75,200.” 
</blockquote> 
Analyst Crypto Nova explained that Bitcoin is likely forming a higher low and is in the process of retesting the charts, with a potential recovery level at $62,000 – $63,000. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-analysts-predict-new-all-time-highs/" data-wpel-link="internal">Bitcoin Analysts Predict New All-Time Highs</a></h5>

Bitcoin Analysts Predict New All-Time Highs

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