{"id":599499,"date":"2024-03-25T10:49:54","date_gmt":"2024-03-25T10:49:54","guid":{"rendered":"https:\/\/wncen.com\/?p=599499"},"modified":"2024-06-11T07:42:54","modified_gmt":"2024-06-11T07:42:54","slug":"bitcoin-real-pump-nears-new-all-time-highs-analyst-says","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-real-pump-nears-new-all-time-highs-analyst-says\/","title":{"rendered":"Bitcoin ‘Real Pump’ Nears New All-Time Highs, Analyst Says"},"content":{"rendered":"

Bitcoin, the ever-enigmatic digital currency, has analysts locked in a heated debate about its 2024 price trajectory. Will it soar to new heights, fueled by institutional adoption and mainstream acceptance, or will it face a reality check and revisit recent lows?<\/p>\n

Related Reading: Fantom (FTM) Bull Run: Can FTM Hit $2 After 20% Price Spike?<\/a><\/div>\n

Bullish Vs. Bearish Perspectives On Bitcoin<\/strong><\/h2>\n

The optimists, led by the prominent crypto analyst Cryptoyoddha, paint a picture of a bullish future. They point to a meticulously tracked historical chart showcasing the cyclical price movements of Bitcoin.<\/a><\/p>\n

Each cycle, Cryptoyoddha argues, follows a similar pattern: a period of accumulation followed by a parabolic surge. This analysis paves the way for the highly anticipated “Cycle IV,” which could propel Bitcoin beyond its current all-time high of $73,750 and potentially reach a staggering $150,000 or even higher.<\/p>\n

\n

#Bitcoin<\/a><\/p>\n

The real pump will start after the halving next month. pic.twitter.com\/eV5FWkzkxX<\/a><\/p>\n

\u2014 Yoddha (@CryptoYoddha) March 23, 2024<\/a><\/p><\/blockquote>\n

But what’s driving this bullish sentiment? Cryptoyoddha cites several factors: a surge in institutional investment, a shift towards clearer regulations for cryptocurrencies, and a growing public embrace of digital assets. These trends, coupled with the historical pattern of each cycle surpassing the previous one, paint a compelling picture for Bitcoin bulls.<\/p>\n

However, not everyone is buying into the euphoria. Micha\u00ebl van de Poppe, a renowned cryptocurrency trader, injects a dose of caution with his technical analysis. Studying charts that map Bitcoin’s price movements, van de Poppe detects a potentially bearish pattern following the recent price dip.<\/p>\n

\n

I wouldn’t be surprised if #Bitcoin<\/a> eventually takes the liquidity below the lows.<\/p>\n

Consolidation, low volatility. pic.twitter.com\/CincO9DFjD<\/a><\/p>\n

\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) March 23, 2024<\/a><\/p><\/blockquote>\n

He interprets the ongoing period of consolidation \u2013 where the price fluctuates within a narrow range \u2013 as a potential precursor to a further price drop. This drop, he suggests, could see Bitcoin revisit and even break below its recent lows.<\/p>\n

Van de Poppe’s analysis focuses on the presence of “support” and “resistance” levels on his charts. These levels represent price points where historical buying and selling activity has been concentrated. If Bitcoin falls below a key support level, it could trigger a wave of panic selling, pushing the price further down.<\/p>\n

<\/p>\n

Bitcoin is now trading at $67.051. Chart: TradingView<\/a><\/pre>\n
Volatility And Uncertainty<\/strong><\/h2>\n
The contrasting viewpoints highlight the inherent volatility of the cryptocurrency market. Bitcoin’s price is constantly influenced by a complex web of factors, including unforeseen regulatory decisions, security breaches, and broader economic trends. While historical cycles can offer valuable insights, they are not crystal balls that guarantee future performance.<\/p>\n
Investors also need to be wary of placing blind faith in technical analysis. The market is not a purely mechanical system, and unpredictable events can disrupt even the most meticulously drawn charts.<\/p>\n
Related Reading: Shiba Inu Takes Over The Internet: Google Searches Climb As Global Interest Surges<\/a><\/div>\n
Despite the differing predictions, both analysts acknowledge the likelihood of significant price movement in the coming months. Cryptoyoddha’s bullish outlook hinges on a fundamental shift in the cryptocurrency landscape, while van de Poppe’s technical analysis suggests a potential short-term price correction.<\/p>\n
Ultimately, the fate of Bitcoin’s price in 2024 remains a mystery. The upcoming Bitcoin halving in April \u2013 an event that cuts the number of new Bitcoins entering circulation and has historically coincided with price increases \u2013 adds another layer of intrigue.<\/p>\n
Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin, the ever-enigmatic digital currency, has analysts locked in a heated debate about its 2024 price trajectory. Will it soar to new heights, fueled by institutional adoption and mainstream acceptance, or will it face a reality check and revisit recent lows? Related Reading: Fantom (FTM) Bull Run: Can FTM Hit $2 After 20% Price Spike? Bullish Vs. Bearish Perspectives On Bitcoin The optimists, led by the prominent crypto analyst Cryptoyoddha, paint a picture of a bullish future. They point to a meticulously tracked historical chart showcasing the cyclical price movements of Bitcoin. Each cycle, Cryptoyoddha argues, follows a similar pattern: a period of accumulation followed by a parabolic surge. This analysis paves the way for the highly anticipated “Cycle IV,” which could propel Bitcoin beyond its current all-time high of $73,750 and potentially reach a staggering $150,000 or even higher. #Bitcoin The real pump will start after the halving next month. pic.twitter.com\/eV5FWkzkxX \u2014 Yoddha (@CryptoYoddha) March 23, 2024 But what’s driving this bullish sentiment? Cryptoyoddha cites several factors: a surge in institutional investment, a shift towards clearer regulations for cryptocurrencies, and a growing public embrace of digital assets. These trends, coupled with the historical pattern of each cycle surpassing the previous one, paint a compelling picture for Bitcoin bulls. However, not everyone is buying into the euphoria. Micha\u00ebl van de Poppe, a renowned cryptocurrency trader, injects a dose of caution with his technical analysis. Studying charts that map Bitcoin’s price movements, van de Poppe detects a potentially bearish pattern following the recent price dip. I wouldn’t be surprised if #Bitcoin eventually takes the liquidity below the lows. Consolidation, low volatility. pic.twitter.com\/CincO9DFjD \u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) March 23, 2024 He interprets the ongoing period of consolidation \u2013 where the price fluctuates within a narrow range \u2013 as a potential precursor to a further price drop. This drop, he suggests, could see Bitcoin revisit and even break below its recent lows. Van de Poppe’s analysis focuses on the presence of “support” and “resistance” levels on his charts. These levels represent price points where historical buying and selling activity has been concentrated. If Bitcoin falls below a key support level, it could trigger a wave of panic selling, pushing the price further down. Bitcoin is now trading at $67.051. Chart: TradingView Volatility And Uncertainty The contrasting viewpoints highlight the inherent volatility of the cryptocurrency market. Bitcoin’s price is constantly influenced by a complex web of factors, including unforeseen regulatory decisions, security breaches, and broader economic trends. While historical cycles can offer valuable insights, they are not crystal balls that guarantee future performance. Investors also need to be wary of placing blind faith in technical analysis. The market is not a purely mechanical system, and unpredictable events can disrupt even the most meticulously drawn charts. Related Reading: Shiba Inu Takes Over The Internet: Google Searches Climb As Global Interest Surges Despite the differing predictions, both analysts acknowledge the likelihood of significant price movement in the coming months. Cryptoyoddha’s bullish outlook hinges on a fundamental shift in the cryptocurrency landscape, while van de Poppe’s technical analysis suggests a potential short-term price correction. Ultimately, the fate of Bitcoin’s price in 2024 remains a mystery. The upcoming Bitcoin halving in April \u2013 an event that cuts the number of new Bitcoins entering circulation and has historically coincided with price increases \u2013 adds another layer of intrigue. Featured image from Pexels, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":599532,"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":[428,1119,4735,3505],"class_list":["post-599499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-price-action","tag-price-analysis"],"acf":[],"yoast_head":"\nBitcoin 'Real Pump' Nears New All-Time Highs, Analyst Says<\/title>\n<meta name=\"description\" content=\"Bitcoin, the ever-enigmatic digital currency, has analysts locked in a heated debate about its 2024 price trajectory. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin ‘Real Pump’ Nears New All-Time Highs, Analyst Says","url":"http:\/\/wncen.com\/news\/bitcoin-real-pump-nears-new-all-time-highs-analyst-says\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-real-pump-nears-new-all-time-highs-analyst-says\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/a_a55499.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/a_a55499.jpg?fit=1280%2C961"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","price action","price analysis"],"dateCreated":"2024-03-25T10:49:54Z","datePublished":"2024-03-25T10:49:54Z","dateModified":"2024-06-11T07:42:54Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin ‘Real Pump’ Nears New All-Time Highs, Analyst Says\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-real-pump-nears-new-all-time-highs-analyst-says\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-real-pump-nears-new-all-time-highs-analyst-says\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/a_a55499.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/a_a55499.jpg?fit=1280%2C961\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"price action\",\"price analysis\"],\"dateCreated\":\"2024-03-25T10:49:54Z\",\"datePublished\":\"2024-03-25T10:49:54Z\",\"dateModified\":\"2024-06-11T07:42:54Z\"}<\/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\/2024\/03\/a_a55499.jpg?fit=1280%2C961","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/599499"}],"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\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=599499"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/599499\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/599532"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=599499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=599499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=599499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}