‘New ATH in September/October’, Says an Analyst: Decoding the Possibility of BTC Price Reaching $80,000 in 2024
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An analyst forecasts Bitcoin reaching a new all-time high in September or October, anticipating it to hit $80,000 in 2024. After a decent pullback, Bitcoin is currently consolidating around $70,000. The observed selling pressure has increased due to the anticipation of a death cross, forming bottoms for the second consecutive day.
Long wicks at the bottom of candles indicate a strong presence of bears in the market. The recovery phase is crucial as it will determine the next significant price movements of Bitcoin.
Market participants are keeping a close watch on these developments amid ongoing volatility.
Source: coinpedia.org ↗
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