{"id":553091,"date":"2023-09-27T18:00:32","date_gmt":"2023-09-27T18:00:32","guid":{"rendered":"https:\/\/wncen.com\/?p=553091"},"modified":"2024-06-11T08:25:07","modified_gmt":"2024-06-11T08:25:07","slug":"double-digit-breakout-bitcoin-price","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/double-digit-breakout-bitcoin-price\/","title":{"rendered":"Crypto Analyst Predicts Huge Double-Digit Breakout For Bitcoin Price"},"content":{"rendered":"

The Bitcoin price has been trading sideways for a while now but this will not always be the case. While there is a chance that the price could end up swinging downward and crashing, a crypto analyst<\/a> has predicted that a surge in the cryptocurrency\u2019s price is on the horizon.<\/p>\n

Bitcoin Price Breakout Is Coming<\/h2>\n

A crypto analyst who has grown to prominence on the TradingView site has put forward a bullish prediction<\/a> for the Bitcoin price. The analyst who goes by the pseudonym Tolberti mapped out a yellow trend line which he believes points toward the next bull rally for the coin.<\/p>\n

Related Reading: Early Rejection Of 21Shares Spot Bitcoin ETF Sparks Concerns<\/a><\/div>\n

The trend line sits just above the $26,000 level which means that the cryptocurrency is currently close to it. The analyst explains that the BTC price<\/a> remains bullish despite recent performance, especially as the month of October draws close.<\/p>\n

Using the Fibonacci retracement which sat at 0.618, Tolberti points out the next significant resistance for Bitcoin<\/a>. From here, he puts it at $29,167, which after beating, the analyst expects the Bitcoin price to surge above $30,000. A surge of this magnitude would mean that the Bitcoin price rises at least 15% from its current level.<\/p>\n

\"Bitcoin<\/p>\n

Tolberti's chart outlining the forecast | Source: Tradingview.com<\/a><\/pre>\n
However, it is not all easy sailing from here as the bears will not give up the fight easily. Speaking about the yellow trend line, the analyst said it is \u201ca gateway to the ultra-huge bull market. Once it breaks, I expect a massive uptrend.\u201d But he cautioned traders to \u201cbe aware of a possible retest first. Your stop-loss needs to be safe!\u201d<\/p>\n
How High Can BTC Price Go?<\/h2>\n
Tolberti\u2019s bullish profile for the Bitcoin price also runs through to the long term. Just like a lot of other analysts, Tolberti expects the cryptocurrency<\/a> to trade in the six digits in the next bull market. For his long-term prediction, he puts Bitcoin at a price of $125,000. According to a previous analyst, <\/span>he believes<\/a> that the Bitcoin price will reach this level sometime in the second quarter of 2025.<\/p>\n
Interestingly, Bitcoin is not the only cryptocurrency the analyst is bullish on. Altcoins were not left out of the post with the likes of Ethereum (ETH)<\/a>, Dogecoin (DOGE)<\/a>, and XRP<\/a> making an appearance as other bullish tokens.<\/p>\n
Related Reading: Upcoming Optimism Unlock Threatens To Drag OP Below $1<\/a><\/div>\n
Given this forecast, Tolberti believes that the current price of Bitcoin is a good price for investors to buy. \u201c26k is still a good price for Bitcoin<\/a> to buy in the long term because I expect 120k in 2025,\u201d the post read.<\/p>\n
Bitcoin is currently showing strength because it continues to hold above $26,000 after the SEC delayed the 21Shares Spot Bitcoin ETF decision<\/a>. It is currently trending at $26,275, although it\u2019s down 3% in the last week.<\/p>\n
\"Bitcoin<\/p>\n
BTC price shows strength above $26,000 | Source: BTCUSD on Tradingview.com<\/a><\/pre>\n
Featured image from Breet, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
The Bitcoin price has been trading sideways for a while now but this will not always be the case. While there is a chance that the price could end up swinging downward and crashing, a crypto analyst has predicted that a surge in the cryptocurrency\u2019s price is on the horizon. Bitcoin Price Breakout Is Coming A crypto analyst who has grown to prominence on the TradingView site has put forward a bullish prediction for the Bitcoin price. The analyst who goes by the pseudonym Tolberti mapped out a yellow trend line which he believes points toward the next bull rally for the coin. Related Reading: Early Rejection Of 21Shares Spot Bitcoin ETF Sparks Concerns The trend line sits just above the $26,000 level which means that the cryptocurrency is currently close to it. The analyst explains that the BTC price remains bullish despite recent performance, especially as the month of October draws close. Using the Fibonacci retracement which sat at 0.618, Tolberti points out the next significant resistance for Bitcoin. From here, he puts it at $29,167, which after beating, the analyst expects the Bitcoin price to surge above $30,000. A surge of this magnitude would mean that the Bitcoin price rises at least 15% from its current level. Tolberti’s chart outlining the forecast | Source: Tradingview.com However, it is not all easy sailing from here as the bears will not give up the fight easily. Speaking about the yellow trend line, the analyst said it is \u201ca gateway to the ultra-huge bull market. Once it breaks, I expect a massive uptrend.\u201d But he cautioned traders to \u201cbe aware of a possible retest first. Your stop-loss needs to be safe!\u201d How High Can BTC Price Go? Tolberti\u2019s bullish profile for the Bitcoin price also runs through to the long term. Just like a lot of other analysts, Tolberti expects the cryptocurrency to trade in the six digits in the next bull market. For his long-term prediction, he puts Bitcoin at a price of $125,000. According to a previous analyst, he believes that the Bitcoin price will reach this level sometime in the second quarter of 2025. Interestingly, Bitcoin is not the only cryptocurrency the analyst is bullish on. Altcoins were not left out of the post with the likes of Ethereum (ETH), Dogecoin (DOGE), and XRP making an appearance as other bullish tokens. Related Reading: Upcoming Optimism Unlock Threatens To Drag OP Below $1 Given this forecast, Tolberti believes that the current price of Bitcoin is a good price for investors to buy. \u201c26k is still a good price for Bitcoin to buy in the long term because I expect 120k in 2025,\u201d the post read. Bitcoin is currently showing strength because it continues to hold above $26,000 after the SEC delayed the 21Shares Spot Bitcoin ETF decision. It is currently trending at $26,275, although it\u2019s down 3% in the last week. BTC price shows strength above $26,000 | Source: BTCUSD on Tradingview.com Featured image from Breet, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":553092,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[167,428,656,679,1119,89185,1122,1144,78790,6664,26263,14690],"class_list":["post-553091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-analyst","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-analyst","tag-crypto-news"],"acf":[],"yoast_head":"\nCrypto Analyst Predicts Huge Double-Digit Breakout For Bitcoin Price<\/title>\n<meta name=\"description\" content=\"A crypto analyst has predicted that a surge in the Bitcoin price is on 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Analyst Predicts Huge Double-Digit Breakout For Bitcoin Price","url":"http:\/\/wncen.com\/news\/double-digit-breakout-bitcoin-price\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/double-digit-breakout-bitcoin-price\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Bitcoin-price-bull.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Bitcoin-price-bull.jpeg?fit=740%2C493"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","bitcoin","bitcoin news","bitcoin price","btc","btc news","btc price","btcusd","btcusdt","crypto","crypto analyst","crypto news"],"dateCreated":"2023-09-27T18:00:32Z","datePublished":"2023-09-27T18:00:32Z","dateModified":"2024-06-11T08:25:07Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Analyst Predicts Huge Double-Digit Breakout For Bitcoin Price\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/double-digit-breakout-bitcoin-price\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/double-digit-breakout-bitcoin-price\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Bitcoin-price-bull.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Bitcoin-price-bull.jpeg?fit=740%2C493\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\",\"crypto\",\"crypto analyst\",\"crypto news\"],\"dateCreated\":\"2023-09-27T18:00:32Z\",\"datePublished\":\"2023-09-27T18:00:32Z\",\"dateModified\":\"2024-06-11T08:25:07Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Bitcoin-price-bull.jpeg?fit=740%2C493","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/553091"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=553091"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/553091\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/553092"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=553091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=553091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=553091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}