- Bitcoin prepares to make massive upward movements.
- One analyst observes a possible 73% surge to $111,600 ATH.
- Another analyst predicts a conservative ATH target of $105,000.
Bitcoin kicks off the week with a pump to the $64,000 price range. Presently, the pioneer crypto asset hovers between the $63,000 and $64,000 targets. Despite this bullish action the Crypto Fear & Greed Index is still in the neutral range which many analysts mark as a prime opportunity for traders and investors to accumulate.
Bitcoin Prepares for Major Q4 Gains
Reflecting the positive sentiment and high expectations for a bullish Q4 his Bitcoin Halving year is the Bitcoin chart itself. To specify, most analysts believe that a parabolic BTC phase is inevitable. With September having closed in a high green signal, analysts are slowly switching to the opinion that Bitcoin’s accumulation phase is coming to a close as sharp upward movement is expected.
A cross back above $67,559 for #Bitcoin (BTC) is still looking to be likely for prices based on already-confirmed bullish patterns ⏳
That cross may seem ‘ordinary’ but can be far from as that being done brings $111,600+ into play and room for another +72% move to reach it!
— JAVON⚡️MARKS (@JavonTM1) October 14, 2024
Indeed, most analysts expect massive upward movement for Bitcoin (BTC) in the coming months. As we can see from the post above, one analyst expects a crossback above the $67,559 target for BTC price. Having said that, he expects the BTC price to still be looking for prices based on already-confirmed bullish patterns.
Analysts Set 2 ATH Targets for Next BTC Pump
Furthermore, he states that the cross pattern may seem ‘ordinary’ but is far from it as the completion of this cross will likely bring a high of over $111,600 for Bitcoin into play and create room for another pump of over 72% to bring it about. Similarly, another analyst adds to the bullish narrative for Bitcoin.
https://x.com/Washigorira/status/1845119612154778009
According to the post above, this analyst expects to see a surge in Bitcoin (BTC) price to the $105,000 target. He believes that as market returns tend to diminish over time, this target is still a very conservative BTC price prediction for the current cycle, based on Fibonacci circles analysis.
