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.
Bitcoin may experience a period of stagnation before turning bullish again, according to crypto analyst Jason Pizzino, who believes that the cryptocurrency could remain in its current pattern for the next couple of months before potentially surging in late 2021 or early 2024.
The current Bitcoin cycle appears to be lining up with previous cycles, showing similarities in the bear market drawdown phase and the convergence of prices after crashes, suggesting that more drawdown may be coming for the price.
Crypto analyst Michaël van de Poppe believes that Ethereum's current price dip could be due to Bitcoin's upcoming halving, and suggests that BTC may follow the path of commodities, while naming certain altcoins, including ARB, OP, INJ, SUI, PEPE, and DOGE, that he's keeping an eye on.
The US Federal Reserve's actions will determine the start of the next Bitcoin bull market, depending on their monetary policy decisions and willingness to hold interest rates higher for longer.
A trader predicts that Bitcoin will reach a new all-time high before the end of 2023, with the possibility of a 157% rally from the current level.
Bitcoin is forming a bearish double top pattern, similar to the one seen in 2021 before the cryptocurrency's collapse, and a breakdown is expected if it drops below $26,000 with increased volume, according to Rekt Capital.
Bitcoin bulls may be disappointed as a monthly technical indicator suggests a weakening of upward momentum, potentially leading to a long and drawn-out basing process.
Bitcoin is expected to experience a corrective move before resuming its bullish momentum and potentially surpassing its previous highs, according to a pseudonymous analyst who accurately predicted the lowest price of the cryptocurrency during the 2018 bear market.
Bitcoin is predicted to enter a "mid-cycle lull" before starting a bull run in late 2024, according to a new price model, with the date of November 28th identified as a key pivot point in the year.
Bitcoin's recent dip below $25,000 is seen by some as a buying opportunity, but the low amount of BTC changing hands and the risks associated with a potential price increase suggest otherwise.
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.
Crypto analyst Jason Pizzino believes that Bitcoin's bull market cycle is underway and will be confirmed if it crosses the key level of $28,500.
Bitcoin has the potential to rally and reach a new high in 2023, according to an analyst, who also states that the current price action looks constructive after a period of downward trend.
Crypto strategist Benjamin Cowen predicts that Bitcoin will experience a short-term rise to test its bull market support band before resuming its downward trend, potentially falling below $20,000, although he believes it could eventually break through the band and enter a sustained bull market.
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.
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.
Bitcoin is on the verge of reaching levels that offer accumulation opportunities and could potentially start an uptrend, according to crypto trader Michaël van de Poppe, who compares the current price action to that of a pre-halving year.
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.
The next crypto bull market is expected to start in Q2 2024, coinciding with the Bitcoin halving, but macro factors will play a more significant role in sparking the uptrend, according to macro investor Raoul Pal.
Bitcoin's bear market may be over and an upward expansion is likely, according to a popular crypto analyst who compares the current situation to that before the 2016 and 2020 bull markets.
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.
