bullish

2024

Bitcoin

April

when

<p>The post <a href="https://coinpedia.org/news/bitcoin-deja-vu-is-the-king-of-crypto-ready-for-a-breakout/">Bitcoin Price Prediction: Is This the Consolidation Before Breakout?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Since the Bitcoin halving on April 20, Bitcoin’s price has been stuck in a broad range between <a href="https://coinpedia.org/news/bitcoins-slide-below-64000-are-we-on-the-verge-of-a-new-altcoin-season/">$53,000 and $72,000</a>. Despite this extended period of price stability, technical charts and indicators suggest that Bitcoin might be on the brink of a significant breakout.</p> 
<p>Read more about this below.</p> 
<h2 class="wp-block-heading" id="h-history-repeating">History Repeating?</h2> 
<p>Crypto analyst Titan of Crypto notes that Bitcoin’s current price movement closely resembles its behavior from the previous year. The key question is when Bitcoin will break free from this range. If past patterns hold, a major price shift could be imminent.</p> 
<p>Titan of Crypto highlights that Bitcoin has been fluctuating within a narrow range for several months, similar to late 2022. Last year, Bitcoin was in a similar consolidation phase for seven months before it surged sharply in September.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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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> Déjà Vu <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>It took 7 months last year for <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> to end its consolidation period before finally escaping the range to the upside in September. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/O3PiWytPSr">pic.twitter.com/O3PiWytPSr</a></p>— Titan of Crypto (@Washigorira) <a href="https://twitter.com/Washigorira/status/1819297424973709776?ref_src=twsrc%5Etfw">August 2, 2024</a>
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<p>Currently, Bitcoin’s price is bouncing within a tight range, mirroring the pattern from last year. This kind of stable movement often precedes a big change.</p> 
<p><strong>September Surge on the Horizon?</strong></p> 
<p>In 2022, after seven months of price range stability, Bitcoin broke out and hit new highs in September. Analysts are suggesting that Bitcoin could be gearing up for a similar breakout. If history repeats, we might see a significant rise in the coming weeks.</p> 
<h2 class="wp-block-heading" id="h-bullish-outlook-100-00-coming-up">Bullish Outlook: $100,00 Coming Up! </h2> 
<p>Veteran investor Jelle remains optimistic, viewing the current market consolidation as a minor hurdle. He identifies a falling wedge pattern—often seen as a bullish signal—which suggests that despite recent fluctuations, Bitcoin could be set for significant gains.</p> 
<p>The falling wedge pattern indicates a potential target of $100,000. According to Jelle’s analysis, once Bitcoin surpasses its current consolidation phase, it could embark on a strong upward trend.</p> 
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   <p lang="en" dir="ltr">This falling wedge has a target of $100,000.<br><br>The recent consolidation is just a speed bump.<br><br>Onwards and upwards!<a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/WYAodCglKa">pic.twitter.com/WYAodCglKa</a></p>— Jelle (@CryptoJelleNL) <a href="https://twitter.com/CryptoJelleNL/status/1819012589029839019?ref_src=twsrc%5Etfw">August 1, 2024</a>
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<p><strong>The countdown to Bitcoin’s next big move is on. Are you ready?</strong></p>

Bitcoin Price Prediction: Is This the Consolidation Before Breakout?

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