Bitcoin's Next Big Move? Analyst Predicts Bullish End to 2024 ๐
Bitcoin (BTC) is eyeing a breakout past the $60,000 mark amid current consolidation. Analyst Cycles Fan suggests a potential new all-time high by year-end, but Bitcoin must first clear several hurdles. Key indicators include the 50-week moving average, with recent price action resembling June-July 2021, a precursor to a major rally.
Historically, Q4 has been strong for Bitcoin, often leading to significant gains. As Bitcoin navigates summer corrections, a strong Q4 could set the stage for a major breakout, possibly pushing BTC towards the $100,000 mark.
Current Price: $59,890 (+1.3% in 24h)
๐ Support Needed: Bulls must hold the $59,000 level to avoid losses.
Disclaimer: This content is not investment advice. Always do your own research.
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