bullish

Bitcoin

mirror

<ul>
 <li>Bitcoin (BTC) price charts mirror that of the previous three cycles.</li>  
 <li>This poses a major indicator for a possibly massive bullish upturn for the price of Bitcoin.</li>  
 <li>Analysts debate potential for BTC price from a new bottom to new ATHs.</li> 
</ul>  
<p>As Bitcoin (BTC) price continues to dip, analysts share two possible scenarios. One, a bullish outlook that will take the price of BTC to new highs for this cycle, and another, where analysts expect the price of BTC to dip towards the $40,000 level.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-bitcoin-price-expected-to-dip-before-a-surge">Bitcoin Price Expected to Dip Before a Surge</h2>  
<p>As analysts share their expectations and debate on what traders and investors can expect, some insights rise above the other due to repeating historical patterns. For instance, one analyst expects BTC price to fall significantly towards the $44,000 - $38,000 price levels.&nbsp;</p>  
<p>In response to this, the renowned silver-tongued analyst, known for his <a href="https://cryptonewsland.com/bitcoin-confined-to-58k-65k-as-market-eyes-upcoming-catalysts/" target="_blank" rel="noopener noreferrer nofollow">accurate predictions</a> makes a statement. The bearish analyst believes <a href="https://bitcoin.org/en/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> price will fall based on technical analysis only. Thus, Doctor Profit, known for his many accurate predictions so far, says that a fall to $40,000 simply cannot be real.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/DrProfitCrypto/status/1829955272388862249
 </div>
</figure>  
<h2 class="wp-block-heading" id="h-analysts-debate-over-new-bottoms-or-new-aths">Analysts Debate Over New Bottoms or New ATHs</h2>  
<p>He says this because he expects analysts to consider human and trading psychology as well. This factor, in his eyes, will ensure that BTC will go higher in the bull run phase of the ongoing bull cycle. Similarly, other reputed analysts expect a <a href="https://cryptonewsland.com/150000-btc-price-expected-after-september/" target="_blank" rel="noopener noreferrer nofollow">major bullish upturn</a> in the coming months.&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/CryptoCon_/status/1829909227487330744
 </div>
</figure>  
<p>As we can see from the post above, analysts believe the dips during this sideways movement are indicators of market makers manipulating the market to exhaust traders and investors before they pump the market and Bitcoin and altcoin price with it.&nbsp;In the post above, the analyst even goes on to share previous market movements to recognize a <a href="https://x.com/AbsGMCrypto/status/1829887856539795604" target="_blank" rel="noopener noreferrer nofollow">recurring pattern</a>. This pattern has been the same in August 2012, 2016, and 2020. Thus, the analyst expects a major upturn for Bitcoin (BTC) prices in the coming months.</p>         
<p>The post <a href="https://cryptonewsland.com/bitcoin-mirrors-previous-cycles-btc-upturn/" rel="noopener noreferrer nofollow">Bitcoin August Price Chart Mirrors Previous Cycles, Major Upturn for BTC Price Expected</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bitcoin August Price Chart Mirrors Previous Cycles, Major Upturn for BTC Price Expected

Table of Contents

Crypto News Land

Other articles published on Sep 1, 2024

Arbitrum Price Faces Challenges While CYBRO Presale Fires Up the Market

Musk Cleared in Dogecoin Case: Is DOGE Price Surge and X Platform Integration Next?

How Long Does It Take To Mine 1 Bitcoin

Telegram CEO’s Bail Spurs Toncoin Price Recovery, $6 on the Horizon

Ripple Labs Unlocks 1 Billion XRP From Escrow: Details

From $1.2K to $10M: Unknown Trader Strikes Gold with Tron-Based Memecoin: Details

Join our free newsletter for daily crypto updates!