Bitcoin

<p>“`plaintext </p> 
<p style="text-align: justify"><a href="https://en.coin-turk.com/caution-critical-data-in-bitcoin-btc-that-could-have-serious-impact-on-price/" data-wpel-link="internal">Bitcoin</a>‘s price traded at its highest level of the year during the morning session in Asia today (Wednesday). Following this, analysts predict a possible new all-time high (ATH) level. According to one theory, a critical date in Bitcoin’s market cycle has passed. On November 29, Bitcoin’s price reached $38,350, the highest level in the 18 months since May 2022.</p> 
<h2 id="is-the-november-bitcoin-cycle-pivot-point-a-key-factor">Is the November Bitcoin Cycle Pivot Point a Key Factor?</h2> 
<p style="text-align: justify">In a statement made on November 28, Bitcoin <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude">analyst</a> CryptoCon declared today to be the most important day of the year for Bitcoin. According to the analyst, all past cycles point to November 28, 2012, the date of Bitcoin’s first halving.</p> 
<p style="text-align: justify">In the chart, each Bitcoin market cycle is divided into four years of accumulation (green), fair value and preparation (blue), bull market and new peak (red), and bear market (orange). Studies using these cycle stages show that each one was observed approximately 21 days before or after November 28.</p> 
<p style="text-align: justify"><img decoding="async" class="aligncenter size-full wp-image-282310" src="https://coin-turk.com/wp-content/uploads/2023/11/mavi-yil-bitcoin.png" alt="" width="756" height="382"></p> 
<p style="text-align: justify">According to the analyst, the green accumulation period is coming to an end, with the blue phase expected next. The analyst predicts that during this ‘blue period,’ the price will most often trade around $34,500.</p> 
<p style="text-align: justify">The analyst also emphasized an early peak occurring within a 21-day period around July 9, 2024, followed by the highest level ever at the end of November next year.</p> 
<blockquote> 
 <p>No initial crossover provided less than a 34% gain before reaching the peak. Ignore the momentum at your own risk.</p> 
</blockquote> 
<p style="text-align: justify">Meanwhile, analyst “Captain Faibik” predicts a breakout will happen, noting that “<a href="https://en.coin-turk.com/bitcoin-faces-fear-of-decline-as-analysts-weigh-in-on-price-movements/" data-wpel-link="internal">BTC</a>‘s $38,000 resistance is weakening and stated the following:</p> 
<blockquote> 
 <p>I expect an upward breakout of the ascending triangle soon. If successful, Bitcoin could potentially touch $41,000 in December.</p> 
</blockquote> 
<h2 id="btc-price-outlook">BTC Price Outlook</h2> 
<p style="text-align: justify">Bitcoin prices saw a 2.8% increase during the day and are trading at $37,961 at the time of writing. Moreover, BTC experienced a slight decline today but previously reached $38,350, the highest level in 2023.</p> 
<p style="text-align: justify">When examining market momentum, the current outlook for Bitcoin, which has increased by 11% over the past month and 130% since the beginning of the year, looks positive. The price movements have pushed Bitcoin’s market value just below its highest level in 2023, $1.5 trillion.</p> 
<div class="sorumluluk_reddi" style="text-align: justify">
 <strong>Disclaimer:</strong> The information in this article is not intended as investment advice. Investors should be aware of the high volatility of cryptocurrencies and conduct their transactions based on their own research.
</div> 
<ul class="summary"> 
 <li>Bitcoin’s recent high marks a potential shift.</li> 
 <li>Analysts discuss key dates and cycle stages.</li> 
 <li>Price predictions suggest an upward trajectory.</li> 
</ul> 
<p>“`</p> Continue Reading: <a href="https://en.coin-turk.com/exploring-the-next-peak-bitcoins-market-cycle-and-price-predictions/" data-wpel-link="internal">https://en.coin-turk.com/exploring-the-next-peak-bitcoins-market-cycle-and-price-predictions/</a>

Exploring the Next Peak: Bitcoin’s Market Cycle and Price Predictions

목차

COINTURK NEWS

2023년 11월 29일에 게재된 다른 기사

LUNC Soars Over 70% – Temporary Spike Or Sustainable Climb Ahead?

Coinbase Stock Outperforms Bitcoin and Ethereum: What’s Behind the Surge?

How to Build your own LTO Node Community.

Cristiano Ronaldo faces lawsuit over promotion of Binance

Evaluating a New Cryptocurrency’s Potential to Outperform Litecoin and Cosmos

Bitcoin, Solana surges, Crypto equities follow trend in 2023

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!