It seems that Bitcoin (BTC) is on the verge of a breakout, with many analysts pointing to October 2024 as a crucial time. After a long consolidation period, BTC is showing signs of a potential price surge, driven by various factors like institutional interest and technical indicators.
Some experts believe there may be a final dip in the short term, possibly around the $51,000-$54,000 range, before the price starts climbing higher. Analysts are watching closely for BTC to clear key resistance levels around $62,800. If it breaks through these levels, a move toward $70,000 or even $74,000 could be possible
THE CURRENCY ANALYTICS
COINTELEGRAPH
. Additionally, historical trends suggest that Bitcoin often experiences significant gains during the final quarter of halving years
COINTELEGRAPH
COINGAPE
.
Some experts believe there may be a final dip in the short term, possibly around the $51,000-$54,000 range, before the price starts climbing higher. Analysts are watching closely for BTC to clear key resistance levels around $62,800. If it breaks through these levels, a move toward $70,000 or even $74,000 could be possible
THE CURRENCY ANALYTICS
COINTELEGRAPH
. Additionally, historical trends suggest that Bitcoin often experiences significant gains during the final quarter of halving years
COINTELEGRAPH
COINGAPE
.
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