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<p><a href="https://bitcoinist.com/spot-bitcoin-etf-approval-sell-the-news-event/" rel="nofollow">Crypto analyst Quinten François</a> has provided an ultra-bullish narrative for the <a href="https://bitcoinist.com/bitcoin-analyst-upside-btc-price/" rel="nofollow">Bitcoin future trajectory</a>. The analyst suggested that things are about to get interesting for the flagship crypto, predicting it could rise to as high as $4.5 million.&nbsp;</p> 
<h2 id="the-fireworks-are-just-about-to-begin-for-bitcoin">The “Fireworks” Are Just About To Begin For Bitcoin</h2> 
<p>While highlighting the significance of <a href="https://bitcoinist.com/breaking-bitcoin-halving-2024-complete-what-expect/#:~:text=The%20Bitcoin%20halving%20(also%20called,will%20also%20be%20slowed%20down." rel="nofollow">Bitcoin’s fourth halving</a>, Quinten claimed that the “fireworks” were just about to begin for Bitcoin. The crypto analyst remarked that BTC&nbsp;was currently at the bottom of the range of a growth pattern, which it could enjoy if this fourth halving were to follow the same growth rate as the <a href="https://bitcoinist.com/bitcoin-shatters-profit-taking-streak-2021-bull-run/" rel="nofollow">previous market cycles</a>.&nbsp;</p> 
<img loading="lazy" decoding="async" class="size-medium wp-image-627632" src="https://www.newsbtc.com/wp-content/uploads/2024/07/Bitcoin_8b35f0.png?w=460&amp;resize=460%2C460" alt="Bitcoin" width="460" height="460" srcset="https://www.newsbtc.com/wp-content/uploads/2024/07/Bitcoin_8b35f0.png?w=512 512w, https://www.newsbtc.com/wp-content/uploads/2024/07/Bitcoin_8b35f0.png?w=200 200w, https://www.newsbtc.com/wp-content/uploads/2024/07/Bitcoin_8b35f0.png?w=460&amp;resize=460%2C460 460w, https://www.newsbtc.com/wp-content/uploads/2024/07/Bitcoin_8b35f0.png?w=46 46w, https://www.newsbtc.com/wp-content/uploads/2024/07/Bitcoin_8b35f0.png?w=82 82w, https://www.newsbtc.com/wp-content/uploads/2024/07/Bitcoin_8b35f0.png?w=75 75w, https://www.newsbtc.com/wp-content/uploads/2024/07/Bitcoin_8b35f0.png?w=350 350w" sizes="(max-width: 460px) 100vw, 460px" data-recalc-dims="1"> 
<p>If that were to happen, Quinten claims that Bitcoin could be worth between $140,000 and $4.5 million going forward. He noted that this potential move for BTC is starting at the <a href="https://bitcoinist.com/bitcoin-supply-spikes-as-mt-gox-moves-btc/" rel="nofollow">range bottom at $63,000</a>, so he remarked that the fireworks are just about to start for the flagship crypto.&nbsp;</p> 
<p>From the chart Quinten shared, Bitcoin’s impressive growth to $4.5 million isn’t expected to happen in this <a href="https://bitcoinist.com/bitcoin-bull-market-glassnode/" rel="nofollow">bull run</a>. He predicts that Bitcoin could peak at around $1 million if it were to mirror Bitcoin’s trajectory after the first halving. Meanwhile, Bitcoin could eventually rise to $4.5 million in 2028 if it continues to mirror the price action following the first halving.&nbsp;</p> 
<p>Additionally, BTC’S&nbsp;fourth halving mirroring the second or third halving will bring lower price moves for the flagship crypto. Quinten predicts that Bitcoin will rise to as high as $400,000 or $280,000 if it follows the second or third halving, respectively. Meanwhile, based on the second and third halving trajectory, Bitcoin could rise to <a href="https://www.newsbtc.com/news/bitcoin/bitcoin-price-reach-1-million/">as high as $1 million</a> or $800,000 by 2028.&nbsp;</p> 
<h2 id="time-for-btc-to-resume-its-upward-trend">Time For BTC To Resume Its Upward Trend</h2> 
<p>Based on recent analyses by different crypto analysts, Bitcoin could resume its upward trend soon enough. <a href="https://bitcoinist.com/bitcoin-price-at-risk-further-correction-heres-how/" rel="nofollow">Crypto analyst Ali Martinez</a> <a href="https://x.com/ali_charts/status/1808147616578130284" rel="nofollow">mentioned</a> that retail investors are returning to the <a href="https://bitcoinist.com/major-news-events-bitcoin-price/" rel="nofollow">Bitcoin ecosystem</a>, with new Bitcoin addresses hitting a four-month high of 432,026. This could put the flagship crypto in price discovery and lead to a rally as these investors accumulate Bitcoin.</p> 
<img loading="lazy" decoding="async" class="size-medium wp-image-627633" src="https://www.newsbtc.com/wp-content/uploads/2024/07/Bitcoin-2-1.png?w=460&amp;resize=460%2C264" alt="Bitcoin 2" width="460" height="264" srcset="https://www.newsbtc.com/wp-content/uploads/2024/07/Bitcoin-2-1.png?w=512 512w, https://www.newsbtc.com/wp-content/uploads/2024/07/Bitcoin-2-1.png?w=460&amp;resize=460%2C264 460w" sizes="(max-width: 460px) 100vw, 460px" data-recalc-dims="1"> 
<p><a href="https://bitcoinist.com/dogecoin-doge-price-can-reach-1/" rel="nofollow">Crypto analyst Mikybull Crypto</a> also recently predicted that BTC is set to rise higher. He claimed that the flagship crypto had completed its <a href="https://www.newsbtc.com/news/bitcoin-price-inverse-head-shoulders-pattern-76000/#:~:text=An%20inverse%20head%20and%20shoulders,considered%20tradeable%20in%20his%20view.">inverse head-and-shoulder pattern</a> on the daily and noted that Bitcoin’s <a href="https://bitcoinist.com/bitcoin-price-suffers-sharp-decline/" rel="nofollow">Moving Average Convergence/Divergence (MACD)</a> indicator suggests an imminent bullish cross, which indicates strength for the flagship crypto.&nbsp;</p> 
<p>Meanwhile, Mikybull Crypto <a href="https://x.com/MikybullCrypto/status/1808366004222689442" rel="nofollow">revealed</a> that Bitcoin’s <a href="https://bitcoinist.com/heres-why-bitcoin-might-not-dip-to-9600-to-fill-the-cme-gap/" rel="nofollow">CME gap</a> has been filled. This is significant as crypto expert <a href="https://bitcoinist.com/bitcoin-bottom-20-decline/" rel="nofollow">Michael van de Poppe</a> predicted that Bitcoin could witness a bounce from its current price levels once the CME gap has been closed.&nbsp;</p> 
<p>At the time of writing, Bitcoin is trading at around $60,600, down over 3% in the last 24 hours according to <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="nofollow">data</a> from CoinMarketCap.&nbsp;</p> 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/qrQhP8EN/" alt="Bitcoin price chart from Tradingview.com" width="3286" height="1576">

Analyst Says Bitcoin Is Hitting Range Bottom, “Right Before The Fireworks”

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