Bitcoin Reaching Record High

Bitcoin (BTC) may reach a new ATH this year if it reaches $60,000. Analysts expect the cryptocurrency to rise in the coming months despite recent price volatility.

The Bitcoin price chart shows optimistic indications again as the cryptocurrency rises beyond $60,000. Bitcoin briefly broke $60,000 this month before falling below $59,000.

Since the cryptocurrency is gaining momentum, experts predict additional gains. On September 17, famous crypto analyst Michael van de Poppe said on X (previously Twitter) that the bull market may begin if Bitcoin can stay over $58,500.

Bitcoin's price chart shows that $58,500 is a vital support level, and Poppe predicts a major surge to new all-time highs in October 2024 if it trades over this level. Bitcoin's ATH, which reached $73,000 in March 2024, is expected to be surpassed.

The debut of Spot Bitcoin ETFs and high demand drove Bitcoin to its March ATH. BTC is predicted to achieve a new ATH due to a combination of variables, including the fact that Q4 of all Bitcoin halving years is generally bullish.

Before this October assault on the ATH, Poppe predicted a “sweep of the liquidity” and brief consolidation for Bitcoin. September is a terrible month for Bitcoin, with price losses and volatility, the expert said.

However, he expects BTC to break over $62,000 by the end of the month or early October. Bitcoin is now trading at $60,471, up 3.76% in 24 hours, according to CoinMarketCap.

BTC Bullish Next Three Months
Bitcoin has been falling for a long time, with Q3 being its worst. Analysts predict an optimistic few months for the cryptocurrency despite its price fall and continuing drops.

While September has traditionally been the worst month for Bitcoin, Crypto Rover expects Q4 will be the greatest.

Other experts like ‘Stockmoney Lizards’ forecast Bitcoin to reach $100,000 by year's end, with Q4 (October–December) pushing the cryptocurrency higher.


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