Bitcoin: $75,000 as a starting point?
As the sixth month of 2024 has finally begun, it’s time to look ahead to the future of Bitcoin’s price. And as usual, there are bullish predictions on all sides.
According to Ali Martinez, an analyst at BeInCrypto, Bitcoin could approach $75,000 very soon. Such an increase would also herald a new ATH for the world’s leading cryptocurrency.
According to Mr. Martinez, the price of BTC is emerging from a symmetrical triangle from above. If the price manages to close above $69,330, then the coin could very well reach the price target: $74,400. This would already be better than the current ATH of the #1 cryptocurrency in the sector.
At the same time, another highly respected crypto analyst in the sector, Titan of Crypto (Washigorira) shared his predictions regarding Bitcoin. According to him, a fundamental breakthrough is approaching and we must now prepare for it. The bull market demands, the breakthrough that will make the difference in the price of BTC has not happened yet, but it is highly anticipated and heralded everywhere.
To this end, the analyst draws on previous BTC cycles, and in particular the token’s impressive explosion between 2020 and 2021.
To go further: Bitcoin (BTC) Prediction 2024/2025/2030.
The decisive day?
As mentioned, the close of Bitcoin price is key, with a target of at least $69,330. Despite everything, it’s a surprising day for the world’s first cryptocurrency with lingering uncertainty. Indeed, as the asset took off considerably this Monday.
After a very good start to the day, the price of Bitcoin managed to go from below $68,000 to a high of $70,200 for the day. At the time of writing, after another decline, the asset is worth $69,370.
Moral of the story: it remains to be seen if everyone has the same definition of “immediately.”
Disclaimer
Disclaimer: In accordance with The Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to providing accurate and unbiased information, but market conditions may change without notice. Always do your own research and consult with an expert before making any financial decision.