Bitcoin rose to the top as the leading currency in the cryptocurrency world with a new record price of $69,990. This price increase is considered by investors and analysts as a sign of a new price increase in the coming period. Analyst named CoinsKid makes positive predictions about Bitcoin's future price movements. CoinsKid, having made correct predictions in the past, thinks that Bitcoin will continue its upward trend this time and sees the bear market as a corrective phase of the bull market.

CoinsKid's predictions about the future of Bitcoin in September predicted that Bitcoin would reach an all-time high. With this accurate prediction, Bitcoin has now reached a new high. The analyst uses market indicators such as the Dollar Index, S&P 500 and Ethereum to support his predictions.

According to CoinsKid, Bitcoin rally continues in the third wave according to Elliot Wave Theory and expects this rally to continue. He also notes that the S&P 500 and Ethereum have the potential to reach similar record highs. However, he emphasizes that after the completion of the Elliot Wave model, a bear market for Bitcoin may be inevitable and lead to serious losses.

CoinsKid suggests that Bitcoin could form the fifth wave in the next phase of the Elliot Wave model. However, he states that factors such as the Money Wall, Spot ETF and Super Cycle Theory can come together to trigger a bear market. According to the analyst's prediction, Bitcoin may reach high price levels before the current rally ends, but he warns that this situation is not sustainable.

Currently, Bitcoin has lost some value after its record rally and is trading around $67,830. This situation once again reveals the volatile nature of cryptocurrency markets and the uncertainty of future price movements.

#BitcoinDunyamiz

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