Satoshi

Bitcoin

Polkadot

Show

<p><a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> is on track to reach new all-time highs according to several prominent analysts. Despite the recent consolidation within the red bands, which is a new development in this cycle, the overall sentiment remains bullish, with experts predicting a potential price target of $149,000 by the end of the year.</p>
<h2 class="wp-block-heading" id="log-regression-curves-point-to-149k">Log Regression Curves Point to $149k</h2>
<p>Analyst Cryptocon has stated that Bitcoin is still on track for a layer 7 price target of $149,000 by the end of 2024. This prediction is based on the most accurate measure for both 2021 cycle tops, the Log Regression Curves. The more conservative layer 6 has a target of $108,000 by that time, which is the layer that marked the 2013 cycle top.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> is still on track for a layer 7 price target of 149k by the end of this year.<br><br>This is according to the most accurate measure for both 2021 cycle tops, the Log Regression Curves.<br><br>The more conservative layer 6 has a target of 108k by that time, which is the layer that… <a href="https://t.co/Hg3YyZO3Qf" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/Hg3YyZO3Qf</a></p>— CryptoCon (@CryptoCon_) <a href="https://twitter.com/CryptoCon_/status/1792570975868883107?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">May 20, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>The consolidation inside the red bands is a new development in this cycle, but Cryptocon suggests that it makes sense as volatility reduces. This consolidation phase could be a healthy sign for the market, as it allows for a more stable and sustainable growth trajectory.</p>
<h2 class="wp-block-heading" id="locking-in-profits-and-potential-dip">Locking in Profits and Potential Dip</h2>
<p>Crypto Tony, another well-known analyst, has <a href="https://x.com/CryptoTony__/status/1793175461469569208" target="_blank" rel="noopener noreferrer nofollow">shared</a> an update on his Bitcoin position. While he did not get the dip he was sharing for new entries for those who missed out on his original $64,400 entry, he believes that Bitcoin is heading higher first. As a result, Crypto Tony has locked in some more profit on his $64,400 entry, which he had previously shared with his followers.</p>
<p>This move to lock in profits is a common strategy among experienced traders, as it allows them to secure gains while still maintaining exposure to potential upside.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p><strong><em>Read more: <a href="https://captainaltcoin.com/top-analyst-says-dot-price-target-is-likely-18-amid-polkadot-2-0-release-and-these-catalysts/" target="_blank" rel="noopener noreferrer nofollow">Top Analyst Says DOT Price Target is ‘Likely’ $18 Amid Polkadot 2.0 Release and These Catalysts&nbsp;</a></em></strong></p>
<h2 class="wp-block-heading" id="inverse-head-and-shoulders-pattern">Inverse Head and Shoulders Pattern</h2>
<p>CoinsKid, a technical analyst, has <a href="https://x.com/Coins_Kid/status/1793158527344673138" target="_blank" rel="noopener noreferrer nofollow">noted</a> a rejection at the resistance trendline for Bitcoin. However, if BTC has bottomed on the 20-week EMA (yellow line), it may come back to create the right shoulder of a potential inverse head and shoulders pattern.</p>
<p>The right shoulder symmetry suggests a minimal target of $63,432, which is a 9% decrease from the current position. The invalidation point for this pattern is losing the May 1st head at $56,500.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="478" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-652-1024x478.png" alt="" class="wp-image-494707" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-652-1024x478.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-652-300x140.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-652-767x358.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-652-1536x717.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-652-2048x956.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-652-321x150.png 321w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-652-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-652-750x350.png 750w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-652-788x367.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-652.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>An inverse head and shoulders pattern is a bullish formation that often signals a trend reversal after a prolonged downtrend. If this pattern plays out as CoinsKid suggests, it could provide a strong foundation for Bitcoin’s next leg up.</p>
<p>Despite the recent consolidation and rejection at the resistance trendline, experienced traders like Crypto Tony are locking in profits while maintaining exposure to potential upside. Moreover, the formation of an inverse head and shoulders pattern, as noted by CoinsKid, could provide a solid base for Bitcoin’s next move higher.</p>
<p><em><strong>Join <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="aethir" href="https://captainaltcoin.com/go/aethir/" data-shortcode="true">Aethir’s exclusive airdrop</a> and earn badges by participating in events or holding community tokens. Complete tasks and secure your spot before the snapshot date is revealed!</strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/bitcoin-analyst-forecasts-btc-to-hit-149k-here-are-his-outlook-and-timeline/" rel="noopener noreferrer nofollow">Bitcoin Analyst Forecasts BTC to Hit $149k: Here Are His Outlook and Timeline</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Bitcoin Analyst Forecasts BTC to Hit $149k: Here Are His Outlook and Timeline

목차

CaptainAltcoin

2024년 5월 22일에 게재된 다른 기사

Solana Co-founder Brings Attention To Trump-Themed Memecoin After Breaking $100 Million Market Cap

Forget SOL and ETH FOMO! NFTFN Presale Offers a Once-in-a-Lifetime Chance for 100x Gains

Could PawFury (PAW) Be the Next Bitcoin (BTC) or Ethereum (ETH)? Find Out Now!

Spot Bitcoin ETFs Finally Revive, See $1.4B Weekly Inflows

Bersiap, Dogecoin Digadang Akan Melesat ke US$0,2 Segera

Pepe Hits Record High on ETF Speculation

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!