2024

Bitcoin

<p>The post <a href="https://coinpedia.org/news/bitcoin-price-surge-ahead-why-analysts-think-100000-could-be-next/" rel="noopener noreferrer nofollow">Bitcoin Price Surge Ahead? Why Analysts Think $100,000 Could Be Next!</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Bitcoin’s price hit nearly $68,000 on July 22 but then corrected by 6% over the next three days, wiping out previous gains. Despite this dip, the <a href="https://markets.coinpedia.org/bitcoin/" rel="noopener noreferrer nofollow">$67k support</a> level has held strong, offering a glimmer of hope for bullish investors. However, in the short term, Bitcoin bears have some macroeconomic data backing their stance.</p>
<p>Perhaps Bitcoin’s price movements are always a hot topic for investors and enthusiasts. Here’s what analysts are suggesting about Bitcoin’s future.</p>
<h2 class="wp-block-heading" id="h-bitcoin-s-longest-consolidation-ever">Bitcoin’s Longest Consolidation Ever</h2>
<p>Charles Edwards, Founder of Capriole Fund, recently highlighted an interesting point about <a href="https://coinpedia.org/news/could-bitcoin-slip-to-60k-if-bull-fails-to-overcome-66k-update-on-altcoin/" rel="noopener noreferrer nofollow">Bitcoin’s current consolidation phase</a>. For the first time, Bitcoin has reached its previous all-time high (ATH) during the typically quiet summer months.&nbsp;</p>
<p>Normally, summer sees lower trading volumes and less market activity, but Bitcoin’s strong performance shows it has solid support.</p>
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   <p lang="en" dir="ltr">This is the longest Bitcoin has ever consolidated at a prior all time high. Clocking 5 months. It is also the only time we have hit the prior ATH during the dull summer months. Q3/Q4 will be big. <a href="https://t.co/tj83idZ2Lx" rel="noopener noreferrer nofollow">pic.twitter.com/tj83idZ2Lx</a></p>— Charles Edwards (@caprioleio) <a href="https://twitter.com/caprioleio/status/1816691632617697285?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 26, 2024</a>
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<p>Looking ahead, Edwards is optimistic about the second half of the year, especially Q3 and Q4. He believes that the current stability might lead to significant market movements. Historically, the latter part of the year has often brought increased trading activity and price volatility in the cryptocurrency market.&nbsp;</p>
<p>If Bitcoin continues on its current trend, we could see major price changes and potentially new ATHs in the coming months.</p>
<h2 class="wp-block-heading" id="h-bitcoin-to-reach-100k-nbsp">Bitcoin To Reach $100K&nbsp;</h2>
<p>Echoing the bullish stance of prominent crypto analysts, Jelle’s analysis focuses on a falling wedge pattern, which is often seen as a bullish signal in technical analysis. According to Jelle, this pattern indicates that Bitcoin has the potential to reach $100,000.&nbsp;</p>
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   <p lang="en" dir="ltr">This falling wedge has a target of $100,000.<br><br>Bears have tried everything to keep it from playing out, but judging from the way the last few candles look, they are running out of fuel.<br><br>It's time for the next leg of this cycle.<br><br>Send it higher. <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> <a href="https://t.co/SSIRnRfxQv" rel="noopener noreferrer nofollow">pic.twitter.com/SSIRnRfxQv</a></p>— Jelle (@CryptoJelleNL) <a href="https://twitter.com/CryptoJelleNL/status/1816726150703456493?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 26, 2024</a>
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<h3 class="wp-block-heading" id="h-bears-losing-strength">Bears Losing Strength</h3>
<p>Despite efforts by bearish forces to prevent this pattern from playing out, Jelle observes that recent price movements suggest the <a href="https://coinpedia.org/news/bitcoin-booms-under-trumps-influence-as-global-stocks-stumble/" rel="noopener noreferrer nofollow">Bitcoin bears</a> are losing their grip. The recent candlestick patterns hint at a possible rise.</p>
<p>However, Jelle is confident that Bitcoin will soon make a major upward move.&nbsp;With the falling wedge pattern in play, he expects Bitcoin to climb toward $100,000. As he says, “Send it higher.”</p>

Bitcoin Price Surge Ahead? Why Analysts Think $100,000 Could Be Next!

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