Reputed crypto and Bitcoin analyst expects BTC to set a new ATH soon.
He expects this event to be triggered by the events of the 2024 Bitcoin Conference.
The week will also see the Ripple vs SEC conclusion and ETH ETF launch, big week ahead.
As the crypt market continues to rally behind Bitcoin’s (BTC) steady rise, crypto analysts expect Bitcoin (BTC) price to continue to rise until it beats its previous ATH of $73,737 to set a new ATH at $74,00 and enter price discovery phase.
To support this narrative and discuss the events that could trigger the new Bitcoin (BTC) new ATH, is Doctor Profit’s latest weekly crypto and Bitcoin report. To highlight, Doctor Profit is a renowned and reputed crypto and Bitcoin analyst due to his silver-tongued predictions.
Bitcoin – What's Next?The Big Sunday Report: All You Need to Know TA/LCA/Psychological Analysis:At $54k, I predicted $60k was next. At $60k, I told you $66-67k was imminent. Now, prepare yourself for a new all-time high (ATH) – it’s very close. Watch the Fear and Greed… pic.twitter.com/BHqo5DUWPs
— Doctor Profit (@DrProfitCrypto) July 21, 2024
As we can see from the post above, Doctor Profit talks about his last accurate prediction before diving into what’s next for Bitcoin (BTC). He begins by highlighting how he predicted the Bitcoin (BTC) price rise to $60,000 after bottoming at $54,000.
After this he predicted a price rise to the $66,000 – $67,000 price range. Now, he advises the crypto community to prepare for a new Bitcoin (BTC) ATH. He notes how the Crypto Fear and Greed Index swung from Extreme Fear to Greed within a week pointing to a golden bullish indicator for the market.
He then says that Bitcoin (BTC) has reclaimed the MA100 daily and closed the previous week above it marking yet another golden bullish indicator. After noting these movements, Doctor Profit moves on to talking about the next events that could fuel the next Bitcoin (BTC) ATH.
Here, he highlights Trump’s presence at the Bitcoin 2024 Conference where the former President has teased an exciting announcement for Bitcoin (BTC). Also making an appearance at the event is Robert F. Kennedy Jr., another pro-crypto US Presidential candidate.
Doctor Profit mentions how Elon Musk is rumored to make an appearance at the event along with what he believes will be a surprise appearance from Michael Dell. The analysts expect all this to lead to a bullish price spike for BTC.
He also draws parallels from the 2021 Bitcoin Conference where President of El Salvador, Nayib Bukele announced that his nation would make Bitcoin a legal tender which ultimately fueled the Bitcoin bull cycle that season.
Doctor Profit expects a similar bullish event to transpire at the 2024 Bitcoin Conference and concludes that a volatile week is ahead. With the ETH ETF launch and the Bitcoin Conference, it truly is an exciting week ahead for crypto.
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The post New Bitcoin (BTC) ATH Could Follow the Bitcoin 2024 Conference, What Announcement Will Trigger $74,000 BTC? appeared first on Crypto News Land.
