Bitcoin’s momentum is building, and analysts are eyeing an “explosive move” that could push BTC to $85,000 by the end of 2024. Crypto trader Titan of Crypto predicts a 35% gain for Bitcoin, citing a breakout in the weekly RSI (Relative Strength Index) that signals the market is ready for a big shift.

Currently holding steady around $63,000, Bitcoin’s bounce off its September lows is fueling optimism for a bullish end to the year. Titan of Crypto points to the RSI breaking out of its downtrend, which has been in place since March, as a key indicator of growing momentum. According to him, the first stop on this journey is $85,000.

If Bitcoin closes September in the green, history suggests a bullish Q4 ahead, with even stronger gains expected. "A close above $59K this month sets us up for a promising end to 2024," Titan of Crypto shared, hinting that regardless of a red September close, historical patterns from 2017 and 2020 still point to a strong Q4 performance.

On the flip side, popular trader Skew notes that more confirmation of Bitcoin’s price strength is needed, especially on daily charts. Skew tags $61,000 as the critical “line in the sand,” emphasizing that holding this level will be essential to confirming the uptrend. The countdown to a potential breakout is ticking, and all eyes are on Bitcoin as it approaches its next major move.

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