Cryptocurrency analysis firm CryptoCon says Bitcoin$BTC

(BTC) announced the date when it could reach its all-time high (ATH). This prediction created great excitement among Bitcoin investors, and many people began to follow the price movements carefully and wait for a possible rally. Here are the details…

CryptoCon bases its prediction of Bitcoin reaching a new ATH on historical data and technical indicators. In particular, the 2-week Ichimoku Cloud forms the basis of this prediction. Analysts emphasize that this indicator has been a reliable source of signals in past market cycles. In the last two Bitcoin cycles, bullish crossovers within the Ichimoku Cloud have successfully shown the timing of new highs. CryptoCon also notes that significant openings within the Ichimoku Cloud provide preliminary signals of market movements. This indicates that Bitcoin’s price increases are approaching. The firm predicts that a new ATH could be seen in November 2024 based on these signals.

CryptoCon notes that the current Bitcoin cycle is more advanced than previous cycles. Historically, during the post-halving period known as the “Blue Year,” Bitcoin has not seen new highs before November. However, this time around, Bitcoin is slightly ahead of schedule and could reach a new high in November. The firm expects the real big rally to occur in March 2024. It is emphasized that investors should be careful and follow market movements well between these dates. The expected price increase in November could be the beginning of a bigger rally; a bullish wave that will last until March 2024 could pave the way for Bitcoin to break even bigger records.

This analysis is generating great interest among Bitcoin investors. Investors are preparing to closely follow the expected rise in November. However, as Kriptokoin.com, we remind you that the high volatility of the market should be taken into consideration. Experts state that Bitcoin may experience major price increases, but strategic investment decisions are critical during this process. Correctly interpreting market movements and trading at the right time can help investors maximize their earnings. Although it is unclear how realistic these predictions will be, investors do not ignore the signals they see as a sign of a major movement. Whether Bitcoin will reach this peak expected in November is eagerly awaited.

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