- Bitcoin holds strong at the $68,000 price mark.
- Analysts expect BTC to blast off to the $80,000 price level setting a new ATH soon.
- If this comes to be, another analyst states that a trend top of $114,000 for BTC is likely.
Bitcoin (BTC) price continues to hold the $68,000 price level amidst the start of the second month of what is expected to be a highly bullish Q4. Analysts from across the world believe this quarter is when BTC price will reclaim its previous ATH target of $73,700. So far, Bitcoin hit $73,400 before retreating to below $70,000.
Bitcoin Predictions Remain Bullish
At the moment, analysts are patiently and eagerly awaiting the price of Bitcoin to surge back over the $70,000 price level to not only reclaim its previous ATH at $73,700 but to go beyond that and set new ATHs in the $80,000 price mark. This would be the first new ATH that Bitcoin could set before going on to set 6-digit ATHs as many analysts expect.
In detail, a majority of reputed crypto and Bitcoin analysts believe the price of Bitcoin (BTC) will hit between $100,000 to $150,000 by the end of Q4 2024. Adding on, the same analysts believe the price of Bitcoin (BTC) could hit a cycle top price between $220,000 to $320,000 by the end of the bull cycle.
Looking for $BTC to dip to $68K before blasting off to $80K! Buckle up for the ride! 🚀📈 https://t.co/AFAmvm0Q92 for more updates.#Bitcoin #btc #btcusdt #crypto pic.twitter.com/35AlHSb88r
— Phoenix ICF (@phoenixicf) November 2, 2024
$114,000 Bitcoin Trend Top Emerges
At the moment, as we can see from the post above, this analyst expects BTC to have dipped to the $68,000 price mark, which it already has, and then to blast off to the $80,000 price mark. The post shares a pattern on the BTC price chart that could support this bullish outcome.
https://x.com/JavonTM1/status/1852859368695275773
Similarly, another renowned analyst observes how Bitcoin (BTC) closed October 2024 with another confirmed macro bullish breakout. He then highlights how each of the prior breakouts led to more than +80% upside moves. Finally, he says that this move happening again would equal a Bitcoin price of more than $114,000.
