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- 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.