Convergence

Bitcoin

Divergence

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/bitcoin/when-bitcoin-btc-price-will-hit-ath-analyst-predict-timeline/">When Bitcoin (BTC) Price Will Hit ATH? Analyst Predict Timeline</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The year 2021 posed challenges for the crypto market, but analysts foresee the potential for all-time highs in the coming year, particularly for Bitcoin. The same analysts who predicted the 2021 market downturn are now optimistic for 2024, forecasting record highs for Bitcoin.</p> 
<p>Pseudonymous analyst Dave the Wave, known for predicting the 2021 crypto market downturn, has now projected a positive outlook for Bitcoin. He anticipates that Bitcoin’s ongoing market correction and bearish trends will persist until year-end, followed by a favorable period for investors.</p> 
<p>Bitcoin’s recent decline of over 11% this week breached the crucial $25,000 support level, triggering bearish sentiment among traders. Despite this, the star cryptocurrency boasts a market capitalization of $508 billion. Its trading volume has surged to approximately $9 billion, marking a 12.42% increase in the past 24 hours, as indicated by market reports. However, Bitcoin’s dominance, representing its overall market share, currently stands at 48.01%, having dipped slightly by 0.12% throughout the day.</p> 
<h2 id="bitcoin-price-prediction-when-ath" data-name="bitcoin-price-prediction-when-ath" class="wp-block-heading">Bitcoin Price Prediction: When ATH?</h2> 
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   <p lang="en" dir="ltr">2.5 years ago, the current price would've been a tad high to buy. But now? A reasonable investment along the lines of the <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> LGC, for those without exposure.<br><br>Not to mention the long-term MACD [crossed bullishly and poised just below the zero-line]… <a href="https://t.co/3cEOjcQ9xz" rel="noopener noreferrer nofollow">pic.twitter.com/3cEOjcQ9xz</a></p>— dave the wave 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f30a.png" alt="🌊" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f313.png" alt="🌓" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@davthewave) <a href="https://twitter.com/davthewave/status/1691994122884874388?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 17, 2023</a> 
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<p>Dave the Wave employs his logarithmic growth curve (LGC) model to predict Bitcoin prices, aiming to filter out medium-term volatility. According to this model, Bitcoin currently resides near the lower end of the LGC, signaling a favorable zone for investment. Dave suggests that Bitcoin could experience further downward fluctuations until next year, followed by a potential surge to $69,000 by mid-2024.</p> 
<p>Dave also highlights the Monthly Moving Average Convergence Divergence (MACD) analysis, noting a bullish turn that implies long-term momentum. He suggests that the current price presents a more reasonable investment opportunity compared to 2.5 years ago, especially for those seeking exposure to the market.</p> 
<p>In a separate development, Tom Lee, co-founder of Fundstrat Global Advisors and a prominent Bitcoin bull, predicts that the approval of an Exchange-Traded Fund (ETF) could propel Bitcoin’s price to $150,000. Lee emphasizes that the ETF’s potential approval might reshape Bitcoin’s supply and demand dynamics, leading to price appreciation. </p>

When Bitcoin (BTC) Price Will Hit ATH? Analyst Predict Timeline

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