{"id":624510,"date":"2024-06-14T02:00:42","date_gmt":"2024-06-14T02:00:42","guid":{"rendered":"https:\/\/wncen.com\/?p=624510"},"modified":"2024-06-13T19:02:45","modified_gmt":"2024-06-13T19:02:45","slug":"bitcoin-breakout-blueprint-analyst-reveals-roadmap-for-imminent-surge","status":"publish","type":"post","link":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-breakout-blueprint-analyst-reveals-roadmap-for-imminent-surge\/","title":{"rendered":"Bitcoin’s Breakout Blueprint: Analyst Reveals Roadmap For Imminent Surge"},"content":{"rendered":"

As Bitcoin navigates through 92 days of consolidation, the crypto community watches closely for the next major move. Notably, this extended phase of stability, which is now the longest in Bitcoin’s history, has been seen as the calm before a significant price storm<\/a> by some crypto analysts.<\/p>\n

Crypto analysts like Mags have been particularly vocal<\/a> about the potential shifts in Bitcoin’s price trajectory, detailing a five-step roadmap that could signal major future gains.<\/p>\n

Related Reading: Bitcoin Ownership Trends: Short-Term Spike As ETFs Gain Popularity \u2013 Report<\/a><\/div>\n

Bitcoin’s Path Towards Higher Prices<\/h2>\n

This roadmap, as outlined by Mags, sketches a cycle of breaking past, retreating, and then firmly establishing new support levels above Bitcoin\u2019s all-time high (ATH). So far, the cryptocurrency has reclaimed its previous ATH of 2021, positioning it at a critical juncture that could precede another substantial price rally<\/a>.<\/p>\n

According to Mags, this reclamation stage is critical as it sets the stage for the potential upward trajectory, aligning with historical data suggesting that prolonged consolidations often lead to explosive movements.<\/p>\n

Despite the bearish sentiments reflected in the past week’s 6.8% decline and a 4.2% drop over the last 24 hours, bringing Bitcoin to $66,767, analysts remain optimistic<\/a> about its long-term prospects.<\/p>\n

\"Bitcoin
BTC price is moving sideways on the 4-hour chart. Source: BTC\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Mags emphasizes that the market could witness a significant rally once Bitcoin exits this consolidation range.<\/p>\n

\n

#Bitcoin<\/a> Roadmap for next few months \ud83e\udd1d<\/p>\n

1) Price breaks out above ATH
\n2) Price finds support above ATH
\n3) Price breaks down below ATH
\n4) Price reclaims the ATH (we are here)
\n5) Price continues Higher pic.twitter.com\/fVOvf0FiW4<\/a><\/p>\n

\u2014 Mags (@thescalpingpro) June 13, 2024<\/a><\/p><\/blockquote>\n

Expert Strategies For Navigating Bitcoin Next Big Leap<\/h2>\n

Mag’s viewpoint is supported by RektCapital, which notes the importance of synchronization<\/a> with historical post-halving cycles, suggesting that a premature breakout could shorten the expected bull run.<\/p>\n

Gert van Lagen\u2019s recent findings further enrich the analytical perspective. According to van Lagen, the Bitcoin price chart forms a ‘Cup with Handle’ pattern on the 3-day chart, a bullish signal traditionally heralded for its reliability in predicting substantial price increases.<\/p>\n

His analysis suggests that Bitcoin could surge to as high as $300,000<\/a> if the pattern holds. Van Lagen’s observations have added a layer of technical validation to the optimistic forecasts, reinforcing the sentiment that significant gains could be on the horizon.<\/p>\n

In light of recent price actions and historical comparisons, RektCapital offers strategic advice to investors, emphasizing the value of patience and timing in capitalizing on market lows.<\/p>\n

Related Reading: Bitcoin Price Rejects $70K: Post-Fed Recovery Fails to Materialize<\/a><\/div>\n

He advocates<\/a> buying during downturns\u2014a strategy once famously summarized by Baron Rothschild to “buy when there\u2019s blood in the streets,” including one’s own during particularly dire times<\/a>.<\/p>\n

\n

“Buy when there\u2019s blood in the streets…\u201d<\/p>\n

Baron Rothschild made a fortune FOMO buying when people panic sold<\/p>\n

But the second part of his quote isn’t recited as often<\/p>\n

“…even if the blood is your own\u201d<\/p>\n

You often have go against yourself to be profitable#BTC<\/a> #Crypto<\/a> #Bitcoin<\/a><\/p>\n

\u2014 Rekt Capital (@rektcapital) June 13, 2024<\/a><\/p><\/blockquote>\n

This approach is often echoed across the crypto investment space, where seasoned traders often see dips as opportunities rather than setbacks.<\/p>\n

Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

As Bitcoin navigates through 92 days of consolidation, the crypto community watches closely for the next major move. Notably, this extended phase of stability, which is now the longest in Bitcoin’s history, has been seen as the calm before a significant price storm by some crypto analysts. Crypto analysts like Mags have been particularly vocal about the potential shifts in Bitcoin’s price trajectory, detailing a five-step roadmap that could signal major future gains. Related Reading: Bitcoin Ownership Trends: Short-Term Spike As ETFs Gain Popularity \u2013 Report Bitcoin’s Path Towards Higher Prices This roadmap, as outlined by Mags, sketches a cycle of breaking past, retreating, and then firmly establishing new support levels above Bitcoin\u2019s all-time high (ATH). So far, the cryptocurrency has reclaimed its previous ATH of 2021, positioning it at a critical juncture that could precede another substantial price rally. According to Mags, this reclamation stage is critical as it sets the stage for the potential upward trajectory, aligning with historical data suggesting that prolonged consolidations often lead to explosive movements. Despite the bearish sentiments reflected in the past week’s 6.8% decline and a 4.2% drop over the last 24 hours, bringing Bitcoin to $66,767, analysts remain optimistic about its long-term prospects. Mags emphasizes that the market could witness a significant rally once Bitcoin exits this consolidation range. #Bitcoin Roadmap for next few months \ud83e\udd1d 1) Price breaks out above ATH 2) Price finds support above ATH 3) Price breaks down below ATH 4) Price reclaims the ATH (we are here) 5) Price continues Higher pic.twitter.com\/fVOvf0FiW4 \u2014 Mags (@thescalpingpro) June 13, 2024 Expert Strategies For Navigating Bitcoin Next Big Leap Mag’s viewpoint is supported by RektCapital, which notes the importance of synchronization with historical post-halving cycles, suggesting that a premature breakout could shorten the expected bull run. Gert van Lagen\u2019s recent findings further enrich the analytical perspective. According to van Lagen, the Bitcoin price chart forms a ‘Cup with Handle’ pattern on the 3-day chart, a bullish signal traditionally heralded for its reliability in predicting substantial price increases. His analysis suggests that Bitcoin could surge to as high as $300,000 if the pattern holds. Van Lagen’s observations have added a layer of technical validation to the optimistic forecasts, reinforcing the sentiment that significant gains could be on the horizon. In light of recent price actions and historical comparisons, RektCapital offers strategic advice to investors, emphasizing the value of patience and timing in capitalizing on market lows. Related Reading: Bitcoin Price Rejects $70K: Post-Fed Recovery Fails to Materialize He advocates buying during downturns\u2014a strategy once famously summarized by Baron Rothschild to “buy when there\u2019s blood in the streets,” including one’s own during particularly dire times. “Buy when there\u2019s blood in the streets…\u201d Baron Rothschild made a fortune FOMO buying when people panic sold But the second part of his quote isn’t recited as often “…even if the blood is your own\u201d You often have go against yourself to be profitable#BTC #Crypto #Bitcoin \u2014 Rekt Capital (@rektcapital) June 13, 2024 This approach is often echoed across the crypto investment space, where seasoned traders often see dips as opportunities rather than setbacks. Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":624511,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[428,441,629,678,1119,78790,6664,10923],"class_list":["post-624510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-analysis","tag-bitcoin-market","tag-bitcoin-prediction","tag-btc","tag-btcusdt","tag-crypto","tag-crypto-market"],"acf":[],"yoast_head":"\nBitcoin Breakout Blueprint: Analyst Reveals Roadmap For Imminent Surge<\/title>\n<meta name=\"description\" content=\"As Bitcoin navigates through a 92-day period of consolidation, the cryptocurrency community watches closely for the next major move...\" \/>\n<meta name=\"robots\" content=\"index, follow, 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin’s Breakout Blueprint: Analyst Reveals Roadmap For Imminent Surge","url":"http:\/\/wncen.com\/bitcoin-news\/bitcoin-breakout-blueprint-analyst-reveals-roadmap-for-imminent-surge\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/bitcoin-news\/bitcoin-breakout-blueprint-analyst-reveals-roadmap-for-imminent-surge\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-13-18.53.38-A-conceptual-digital-artwork-depicting-a-stylized-dynamic-visual-representation-of-Bitcoin-breaking-through-barriers-symbolizing-a-surge-or-breakout.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/DALL\u00b7E-2024-06-13-18.53.38-A-conceptual-digital-artwork-depicting-a-stylized-dynamic-visual-representation-of-Bitcoin-breaking-through-barriers-symbolizing-a-surge-or-breakout.jpg?fit=1024%2C1024"},"articleSection":"Bitcoin News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin analysis","bitcoin market","bitcoin prediction","btc","btcusdt","crypto","crypto market"],"dateCreated":"2024-06-14T02:00:42Z","datePublished":"2024-06-14T02:00:42Z","dateModified":"2024-06-14T02:00:42Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin’s Breakout Blueprint: Analyst Reveals Roadmap For Imminent Surge\",\"url\":\"http:\\\/\\\/wncen.com\\\/bitcoin-news\\\/bitcoin-breakout-blueprint-analyst-reveals-roadmap-for-imminent-surge\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/bitcoin-news\\\/bitcoin-breakout-blueprint-analyst-reveals-roadmap-for-imminent-surge\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/DALL\\u00b7E-2024-06-13-18.53.38-A-conceptual-digital-artwork-depicting-a-stylized-dynamic-visual-representation-of-Bitcoin-breaking-through-barriers-symbolizing-a-surge-or-breakout.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/DALL\\u00b7E-2024-06-13-18.53.38-A-conceptual-digital-artwork-depicting-a-stylized-dynamic-visual-representation-of-Bitcoin-breaking-through-barriers-symbolizing-a-surge-or-breakout.jpg?fit=1024%2C1024\"},\"articleSection\":\"Bitcoin News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin analysis\",\"bitcoin market\",\"bitcoin prediction\",\"btc\",\"btcusdt\",\"crypto\",\"crypto market\"],\"dateCreated\":\"2024-06-14T02:00:42Z\",\"datePublished\":\"2024-06-14T02:00:42Z\",\"dateModified\":\"2024-06-14T02:00:42Z\"}<\/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\/06\/DALL\u00b7E-2024-06-13-18.53.38-A-conceptual-digital-artwork-depicting-a-stylized-dynamic-visual-representation-of-Bitcoin-breaking-through-barriers-symbolizing-a-surge-or-breakout.jpg?fit=1024%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/624510"}],"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\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=624510"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/624510\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/624511"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=624510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=624510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=624510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}