Bitcoin price eyes’ last dip’ before October breakout: Analysts

September 11, 2024 Coin Telegraph

Bitcoin

Bitcoin analysts are eying an October breakout, despite the current market slump, partly caused by continuous negative outflows from the US Bitcoin ETFs.

Bitcoin is set for a breakout in October, according to analysts who are eying one last major correction ahead of the parabolic phase of the bull cycle.

Based on technical chart formations, the Bitcoin (BTC) bull run could see one more significant dip ahead of the next leg up, according to popular crypto analyst Mags.

The analyst wrote in a Sept. 9 X post:

0K Bitcoin? Too Small – Government Reserves Could Ignite 0K BTC Explosion

$200K Bitcoin? Too Small – Government Reserves Could Ignite $500K BTC Explosion

Analysts forecast $200K+ Bitcoin price after BTC’s bullish momentum returns

July 17, 2024 Coin Telegraph

Analysts forecast 0K+ Bitcoin price after BTC’s bullish momentum returns

bitcoin bull run

Bitcoin’s decisive move above $65,000 and miners' return to deep profitability could lead to BTC hitting $220,000.

Bitcoin could be headed to $220,000 after reclaiming key support levels during the current market recovery. This price target is based on historical Bitcoin miner capitulation patterns as observed by multiple crypto traders.

“The end of Miner Capitulation periods following Bitcoin Halvings” has historically preceded significant increases in BTC price “in the subsequent months and year,” pseudonymous crypto analyst Cryptonary wrote in a July 17 X post, when Bitcoin (BTC) was hovering just below $65,000.

The analysts shared a hash ribbons chart showing miner capitulation periods and their characteristics. The chart revealed that the end of miner capitulation in previous Bitcoin halving cycles has been followed by massive increases in BTC price: 5,110%, 3,346% and 591% increases post-miner capitulation during the 2012, 2016 and 2020 cycles, respectively.

$200K Bitcoin? Too Small – Government Reserves Could Ignite $500K BTC Explosion

Bitcoin traders forecast ‘splendid’ bullish price action now that BTC is above $65K

July 16, 2024 Coin Telegraph

Bitcoin

Multiple Bitcoin price metrics point to an incredibly bullish “post-halving growth trajectory.”

Bitcoin (BTC) price rallied to $65,000 on July 16 after the traders’ fear over the German government selling BTC cooled off. However, there are fears that Bitcoin price may drop to $58,000 as Mt. Gox began moving $6 billion worth of coins from its cold wallet to various addresses.

Despite this, market analysts believe Bitcoin’s “post-halving” growth trajectory is still in play.

Let’s look at some of the reasons why analysts think that the Bitcoin bull market is still underway.

$200K Bitcoin? Too Small – Government Reserves Could Ignite $500K BTC Explosion

M2 money supply ‘holds the key’ for Bitcoin’s next move — Market analyst

May 16, 2024 Coin Telegraph

Bitcoin Analysis

The growth of the money supply is historically correlated with previous Bitcoin price bull runs.

The growing money supply in the United States could be the key to unlocking more upward momentum for Bitcoin (BTC), according to market analysts and historical chart patterns.

The M2 money supply estimates all cash and short-term bank deposits across the United States, and its growth has historically been correlated with previous Bitcoin bull runs.

The growth of the money supply could hold the key for the next leg up for the Bitcoin cycle, according to Jamie Coutts, chief crypto analyst at Realvision, who wrote in a May 16 X post:

$200K Bitcoin? Too Small – Government Reserves Could Ignite $500K BTC Explosion

Vaneck CEO Predicts Bull Cycle for Bitcoin and Gold — Expects Fed Tightening to End Soon

March 28, 2023 Bitcoin.com

asset management firm

The CEO of investment management firm Vaneck has predicted a bull cycle for gold and bitcoin. “We are at the very beginnings of what could be a several-year cycle in gold, and I also put bitcoin in that category as well,” the executive said, adding that the Federal Reserve is “close to the end of […]

$200K Bitcoin? Too Small – Government Reserves Could Ignite $500K BTC Explosion

Trader Who Sold Bitcoin at $25,000 Reveals When He Will Turn ‘Very Very Bullish’ on BTC

March 10, 2023 The Daily Hodl

Bitcoin

A crypto analyst who rode the Bitcoin (BTC) rally from its 2022 bottom is updating his outlook on the flagship digital asset. In a new video, pseudonymous crypto trader DonAlt tells his 48,500 YouTube subscribers that he will become extremely bullish toward the king crypto if it falls to the $19,000 – $20,000 support level. […]

The post Trader Who Sold Bitcoin at $25,000 Reveals When He Will Turn ‘Very Very Bullish’ on BTC appeared first on The Daily Hodl.

$200K Bitcoin? Too Small – Government Reserves Could Ignite $500K BTC Explosion

Next Crypto Bull Run Will Start From the East, Says Gemini Co-Founder

February 21, 2023 Bitcoin.com

bitcoin bull run

Gemini’s co-founder believes that the next crypto bull run will come from the East. “It will be a humbling reminder that crypto is a global asset class,” he said. “The West, really the U.S., always only ever had two options: embrace it or be left behind. It can’t be stopped.” Gemini Co-Founder on Next Crypto […]

$200K Bitcoin? Too Small – Government Reserves Could Ignite $500K BTC Explosion

Pantera Capital on Bitcoin: We’re in Next Bull Market Cycle

February 13, 2023 Bitcoin.com

bitcoin bull market

Crypto-focused investment firm Pantera Capital says bitcoin has seen its lows and “we’re in the next bull market cycle.” Dan Morehead, the firm’s founder and managing partner, noted: “Over the long-term, bitcoin price has been in a secular uptrend of 2.3x annually over the past twelve years, on average.” Pantera Capital on the Next Bull […]

$200K Bitcoin? Too Small – Government Reserves Could Ignite $500K BTC Explosion

Bitcoin Firebrand Max Keiser Says BTC Could Make Massive Moves in 2023 – Here’s Why

December 12, 2022 The Daily Hodl

Bitcoin

Bitcoin (BTC) firebrand Max Keiser says Bitcoin could ignite epic rallies even before its halving event slated in 2024. In a new interview with Stansberry Research, the longtime Bitcoin bull says that he envisions BTC’s price rising for the next several decades. “The direction for Bitcoin for 13 years has been up and it’ll be […]

The post Bitcoin Firebrand Max Keiser Says BTC Could Make Massive Moves in 2023 – Here’s Why appeared first on The Daily Hodl.

$200K Bitcoin? Too Small – Government Reserves Could Ignite $500K BTC Explosion

Devere Group Predicts a Bull Run and ‘Significant Bounce’ for Bitcoin in Q4

June 12, 2022 Bitcoin.com

bitcoin bull run

The CEO of Devere Group, a financial advisory and asset management firm, has predicted a bull run and a significant bounce in the price of bitcoin during the fourth quarter of this year. Devere’s CEO Predicts a Bull Run in Q4 for Bitcoin Financial advisory and asset management firm Devere Group has predicted that the […]

bitcoin bull run

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