Bitcoin's current market structure is similar to its setup before reaching its all-time high in November 2021, suggesting a potential bullish trajectory for the leading cryptocurrency, according to crypto expert Credible Crypto, who believes a breakout from the accumulation range could lead to a 120% rally and new all-time highs this year. However, a drop below $24.8k would invalidate this prediction.
Google Bard predicts that the price of Bitcoin in the next bull market is uncertain but likely to be significantly higher than the current price, with some analysts suggesting it could reach $100,000, $200,000, or even $1 million by 2024. However, the ultimate price will depend on various factors such as the global economy, institutional adoption, and regulatory environment.
Renowned crypto analyst Benjamin Cowen warns that Ethereum (ETH) is in a concerning situation similar to 2019, with the breach of its Bull Market Support Band indicator, suggesting a potential slide towards $900 per token.
Bitcoin price reaches a 2-month low, but crypto analyst Michaël van de Poppe predicts a positive change in the future due to market cycle theories and the upcoming Bitcoin halving in 2024, potentially reaching a price of $50-55K pre-halving.
Crypto analyst Benjamin Cowen believes that Ethereum (ETH) needs to drop further before it can reach new all-time highs, as it must first align with its fair-value logarithmic regression trendline, creating an attractive accumulation range between $400 and $600.
Bitcoin might experience a period of stagnation followed by a potential peak at $200,000 by the end of 2025 or early 2026, according to a crypto analyst, although short-term prospects for Bitcoin appear challenging due to a comparison with the 1930s stock market and oversold condition.
Bitcoin remains on track for a massive bull cycle despite recent price decline, as indicated by broader indicators of its price patterns and the use of logarithmic growth curves. The 200-week moving average is seen as less significant as a key price support level for Bitcoin, and the analyst is also looking for an entry point for Ethereum.
Bitcoin is predicted to reach a price of $148,000 after the next halving in April 2024, according to Pantera Capital, which manages $3.5 billion worth of assets, and notes that recent events such as the XRP ruling and endorsements by BlackRock are likely to contribute to the next bull market for digital assets.
Former Goldman Sachs executive Raoul Pal believes that Bitcoin may be on the verge of a massive rally, based on the historical volatility of the cryptocurrency dropping below 20, a level that has preceded significant price increases in the past. Pal also notes that Bitcoin's Bollinger Bands, a volatility indicator, are the tightest they have ever been, further indicating the potential for a strong upward movement. Ethereum is also highlighted as trading within a bullish pattern despite recent market corrections.
Bitcoin (BTC) falls below $26,000 as bearish sentiment persists and a lack of bullish catalysts hinders market rally.
There is a possibility that digital assets may not witness another bull market, according to a crypto strategist who is growing skeptical of the market's potential for a bullish reversal this time around, citing a lack of real-world use cases and the failure to deliver on promises. However, another investor remains confident that a crypto bull market is coming, predicting a potential decline in prices before a new bull market begins.
Bitcoin could experience a major market correction in September, potentially dropping by more than 16% based on historical performance and predictions by crypto analyst Benjamin Cowen.
Bitcoin's price dropped below $26,000 as the approval of a Bitcoin ETF was further delayed by the SEC, reversing the bullish gains from the Grayscale court decision earlier in the week. The crypto market also experienced a decline, with Ethereum's price going down by 3.5% and the overall market cap losing $11.2 billion. However, Maker and Toncoin managed to resist the bearish trend with positive gains. The global macroeconomic landscape also added to the uncertainty, as key economic data raised doubts about a potential interest rate hike.
Bitcoin has been on a bull run since the Federal Reserve's $25 billion program to stabilize the US banking system, according to BitMEX co-founder Arthur Hayes, who predicts that the market will respond in the next six to 12 months.
Bitcoin (BTC) has remained stagnant below $26,000, with investors waiting for further developments in the cryptocurrency market and the wider economy, while Ether (ETH) is expected to outperform BTC in September and October due to the potential approval of the first ether ETF in mid-October. Additionally, SOMA Finance plans to sell tokens that represent a financial interest, addressing the criticism that crypto tokens lack equity or debt claims. Binance continues to dominate the crypto market as the leading exchange.
Bitcoin is predicted to reach $22,000 due to worsening investor sentiment and the impact of lawsuits against Binance and Coinbase, while BitMEX co-founder Arthur Hayes claims the bull market began in March.
US-based institutional investors are showing increasing bullish pressure on Bitcoin, as indicated by rising buy pressure and spot trading volumes, potentially leading to a price rally towards $28,000 if the trend continues.
Bitcoin is on the brink of a bearish breakdown, but there is a possibility that the $25,000 support level could hold, presenting a short-term buying opportunity for investors. The price action of the US dollar and on-chain data suggest that buyers could return soon, making the current situation potentially profitable for opening Bitcoin longs.
Bitcoin's recent 5% increase after testing the $25,000 support level doesn't necessarily indicate a victory for bulls, as Bitcoin has struggled to gain momentum despite significant catalysts, while bears have their own advantages like ongoing legal cases and financial troubles for Digital Currency Group. Derivatives metrics show a lack of demand for leveraged long positions, but options markets indicate equal odds for both bullish and bearish price movements.
Despite the overall bearish trend, crypto strategist Benjamin Cowen believes Bitcoin could see occasional rallies, following the recent death cross formation, with three potential scenarios playing out, including a possible 12% increase from the current level.
Bitcoin and other cryptocurrencies experienced a rise in value as traders made bullish bets in anticipation of the Federal Reserve's interest rate decision, though this surge may be premature.
Crypto strategist Credible Crypto suggests that Bitcoin could dip to around $24,900 but still remain on track for a bull market cycle, and he is closely monitoring Bitcoin options open interest as an indicator for the market bottom.
The next crypto bull run will be different from the last one, as corporate interest in blockchain technology will drive gradual growth rather than a sudden surge in prices, according to Lars Seier Christensen, founder of Concordium. However, there are differing opinions, with some experts believing that we are already in the initial stages of a bull market.
Bitcoin may be heading for a further price decline according to a top trader who previously predicted the cryptocurrency's 2018 bear market bottom, citing a bearish lower-high setup and an ABC corrective move that could push Bitcoin down to $23,800.
Bitcoin is poised for a bull run next year according to analyst Dave the Wave, who cites the cryptocurrency's monthly moving average convergence divergence (MACD) and logarithmic growth curves (LGC) as indicators of a maturing market and potential price increase, although short-term volatility is still possible.
Analyst Rekt Capital predicts that Bitcoin could experience a post-halving bull run lasting 18 months, potentially topping out in September or October 2025, based on historical data from previous halving events. However, he also warns of a potential collapse in the months leading up to the halving, with BTC potentially revisiting a price point of around $20,300 in mid-February 2024.
Bitcoin's weakness suggests that bears are still in control, but bulls are likely to defend the $26,000 level and aim for a positive monthly close, while macroeconomic factors and the strength of the US dollar pose risks to the cryptocurrency recovery.
Bitcoin price surged above $26,800 as bulls targeted $27,000, with analysts predicting a potential rally to $30,000 in October.
Bitcoin (BTC) starts Uptober with a bullish move past $28,000, marking its best weekly close since mid-August and sparking excitement about potential price gains in October. Meanwhile, Bitcoin network fundamentals are not reflecting the bullish sentiment, as mining difficulty is set to decrease at its next readjustment on October 2.
Bitcoin (BTC) may test its bull market support and potentially have a final leg to the downside, as predicted by crypto analyst Rekt Capital, who also suggests that this could be the last chance to buy BTC at low prices before it potentially peaks in 2025.
Crypto strategist predicts that Bitcoin will enter a massive bull run and reach new all-time highs once it surpasses a key support level, but warns that bearish speculation from the stock market could decrease momentum.
Bitcoin's bull market is expected to reignite as the Federal Reserve is predicted to resume printing money, leading to a surge in Bitcoin's price, according to BitMEX founder Arthur Hayes.
Bitcoin could potentially face a 60% price drop, as liquidity remains negative and global rates continue to rise, according to Bloomberg Intelligence senior macro strategist Mike McGlone. He also suggests that a stock market drawdown related to a recession poses the biggest risk for the overall cryptocurrency sector.
Bitcoin experienced a brief rally above $28,000 but quickly dropped to $27,300, remaining relatively flat compared to the wider crypto market; however, it is still defying the market rout in equity and U.S. Treasury bond trading, signaling a bull market, according to ByteTree's chief investment officer.
Bitcoin is showing a bullish signal as US long bonds decline, with crypto analyst Jamie Coutts suggesting that the digital asset could enter a new bull cycle once it surpasses the $31,000 resistance level.
Crypto strategist Benjamin Cowen believes that the crypto market is in a "brutal" stage as Bitcoin's dominance increases while altcoins drop, and he predicts that Bitcoin's dominance will likely peak at around 60%.
Bitcoin's price may experience a significant drop to $19,000 before entering a full bull market next year, according to a trader who accurately predicted the cryptocurrency's 2018 bear market bottom; the trader also suggests that the smart contract platform Avalanche's altcoin bounce is over after failing to break resistance at $11.
Arthur Hayes, the co-founder of cryptocurrency exchange BitMEX, predicts that the price of Bitcoin will reach $750,000 to $1 million by 2026 due to a major financial crisis and endless cycles of central bank printing that lead to inflation, preventing natural market cycles of growth and correction. He believes that mounting debt, out of control inflation, and the insolvency of the US banking system will contribute to Bitcoin's rise. However, he also expects a significant drawdown in BTC price after each bull market.
Bitcoin is potentially in a bull market, with the recent surge to $31,000 likely being the disbelief rally of the first stage, according to crypto strategist Jason Pizzino, although he acknowledges the possibility of a deep corrective move before a full-blown bull market begins.
Bitcoin is potentially in a bull market, with the recent surge to $31,000 being the "disbelief rally," according to crypto strategist Jason Pizzino, who also warns of a possible deep corrective move before a full-blown bull market.
Dogecoin (DOGE) may enter a bull market if it overcomes two resistance levels, potentially reaching a new all-time high of $1, according to crypto strategist Ali Martinez. However, DOGE must be wary of the $0.0482 support level to avoid a new yearly low. Meanwhile, Martinez also suggests that Bitcoin's bull run will resume if it closes above $28,233, as indicated by the warm supply realized price indicator.
Bitcoin is poised for another meteoric rise due to the return of money printing by the US government, according to a trader who accurately predicted the end of the crypto's bull market in 2021, with Bitcoin potentially reaching a new all-time high of $180,000.
