Bitcoin set a new ATH at $99,502 and analysts expect $100,000 to arrive soon.
BTC continues to beat expectations and set new precedents in the crypto arena.
Analyst expects BTC price to hit highs above $200,000 by the end of the bull cycle.
Bitcoin sets new ATHs once again consecutively. The first was set in the $98,000 price range earlier today and less than an hour ago, BTC set a new ATH at $99,502, under $5000 away from the highly-anticipated $100,000. This 6-digit ATH price for BTV has been expected since the start of Q4 this year.
$99,502 Set as Bitcoin’s Latest ATH
As the bullish Q4 has resulted in about 7 core new Bitcoin (BTC) ATHs, the price of BTC continues to rise and the expectation for a bullish Q4 continues to grow at a rapid pace. According to CoinMarketCap analytics, the lowest price for BTC in the last 24 hours is in the $95,000 price range and the price of BTC now stands in the $99,000 price range.
With Bitcoin constantly setting new ATHs many new traders and investors are debating over taking profits. To many seasoned traders, this is an unthinkable move as BTC price, according to them, has just started its bullish upward rally and is still set to hit many new ATHs in the 6-digit price range.
$100,000 Within Rach as BTC Opens Path to $200,000 and Above
https://twitter.com/DrProfitCrypto/status/1859693974598058320
In the eyes of one popular crypto analyst, Doctor Profit, a seasoned trader known for his silver-tongued accurate predictions, says BTC is preparing for highs that may seem hard to comprehend. As we can see from the post above he is certain that $100,000 will be met before the end of 2024 and in November we have almost hit this target.
https://twitter.com/DrProfitCrypto/status/1859500418935525540
The same analyst also goes on to highlight his many accurate predictions so far. As we can see from the post below, Doctor Profit has predicted over 5 predictions for BTC prices accurately. He now says that targets above the $200,000 price mark is a highly plausible event for BTC this bull cycle.
The post $99,502 Bitcoin ATH Set, Analysts Expect $100,000 to Arrive Shortly with Sights Set on $200,000 and Above by the End of the Bull Cycle appeared first on Crypto News Land.
