‘New ATH in September/October’, Says an Analyst: Decoding the Possibility of BTC Price Reaching $80,000 in 2024
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Bitcoin's price is consolidating after a pullback, aiming to recover above $70,000. Anticipating a 'death cross', selling pressure has increased, forming bottoms for the second consecutive day.
The long wicks at the candle bottoms indicate bearish sentiment. Despite this, analysts remain optimistic about a potential new all-time high (ATH) in September/October 2024.
The analyst predicts Bitcoin could reach $80,000, driven by market dynamics and upcoming events. Investors are advised to watch for key support and resistance levels in the coming months.
Source : coinpedia.org ↗
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