2024

Bitcoin

Rekt

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/analysts-see-bitcoin-surge-coming" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analysts See Bitcoin Surge Coming</a><br></p>
<p style="text-align: justify">As 2024 begins, optimism was high with a promising first quarter followed by a reasonably good second quarter. However, the recent months have seen Bitcoin remain above $50,000 while altcoins suffer significantly, putting investors under intense psychological pressure reminiscent of bear markets.</p>
<h2 id="will-bitcoin-rise">Will Bitcoin Rise?</h2>
<p style="text-align: justify">Bitcoin (BTC) is anticipated to achieve a new all-time high before altcoins experience their expected rise as Bitcoin dominance (BTCD) diminishes. Despite Bitcoin’s price surpassing $60,000, it has yet to attract the necessary demand, with trading volumes dipping further over the weekend.</p>
<p style="text-align: justify">Crypto analyst Titan of Crypto offers insights on the potential movements. By analyzing the Ichimoku cloud on a daily timeframe, he predicts an imminent upward trajectory for BTC. His observation that “BTC closed a candle above Tenkan and is now watching for a Kijun pullback” signals a potential breakout.</p>
<h2 id="rekt-capital-predictions">Rekt Capital Predictions</h2>
<p style="text-align: justify">Esteemed <a href="https://en.bitcoinhaber.net/investors-buy-during-market-dip" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto analyst</a> Rekt Capital has forecasted that a weekly close above $60,600 is crucial for a bullish trend. Although the price hovers near this level, continuous profit-taking keeps it in a narrow range. He believes reclaiming the accumulation range could be pivotal.</p>
<p style="text-align: justify">Rekt Capital further explains that such a close would end the downward deviation period below the Reaccumulation Range. He points out that Bitcoin historically moves parabolically approximately 160 days post-Halving, indicating a potential breakout by the end of September.</p>
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2>
<p style="text-align: justify">– Bitcoin must maintain a weekly close above $60,600 to confirm a bullish trend.<br> – Analyses from Titan of Crypto and Rekt Capital suggest a possible breakout.<br> – Investors should be prepared for significant movements by the end of September, given historical patterns post-Halving.</p>
<p style="text-align: justify">The coming weeks are crucial as Bitcoin navigates critical price levels and <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market conditions</a>. Investors are advised to stay informed and watch for potential breakouts as predicted by leading analysts.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/analysts-see-bitcoin-surge-coming" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analysts See Bitcoin Surge Coming</a></h5>

Analysts See Bitcoin Surge Coming

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