{"id":627630,"date":"2024-07-03T15:30:12","date_gmt":"2024-07-03T15:30:12","guid":{"rendered":"https:\/\/wncen.com\/?p=627630"},"modified":"2024-07-03T14:50:05","modified_gmt":"2024-07-03T14:50:05","slug":"bitcoin-is-hitting-range-bottom","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-is-hitting-range-bottom\/","title":{"rendered":"Analyst Says Bitcoin Is Hitting Range Bottom, \u201cRight Before The Fireworks\u201d"},"content":{"rendered":"

Crypto analyst Quinten Fran\u00e7ois<\/span><\/a> has provided an ultra-bullish narrative for the <\/span>Bitcoin future trajectory<\/span><\/a>. The analyst suggested that things are about to get interesting for the flagship crypto, predicting it could rise to as high as $4.5 million.\u00a0<\/span><\/p>\n

The \u201cFireworks\u201d Are Just About To Begin For Bitcoin<\/h2>\n

While highlighting the significance of <\/span>Bitcoin\u2019s fourth halving<\/span><\/a>, Quinten claimed that the \u201cfireworks\u201d were just about to begin for Bitcoin. The crypto analyst remarked that BTC\u00a0was currently at the bottom of the range of a growth pattern, which it could enjoy if this fourth halving were to follow the same growth rate as the <\/span>previous market cycles<\/span><\/a>.\u00a0<\/span><\/p>\n

Related Reading: Shiba Inu Starts July On A High Note: Burn Rate Surges 16,854%, Trading Volume Rises 170%<\/a><\/div>\n
\"Bitcoin\"
Source: X<\/figcaption><\/figure>\n

If that were to happen, Quinten claims that Bitcoin could be worth between $140,000 and $4.5 million going forward. He noted that this potential move for BTC is starting at the <\/span>range bottom at $63,000<\/span><\/a>, so he remarked that the fireworks are just about to start for the flagship crypto.\u00a0<\/span><\/p>\n

From the chart Quinten shared, Bitcoin\u2019s impressive growth to $4.5 million isn\u2019t expected to happen in this <\/span>bull run<\/span><\/a>. He predicts that Bitcoin could peak at around $1 million if it were to mirror Bitcoin\u2019s trajectory after the first halving. Meanwhile, Bitcoin could eventually rise to $4.5 million in 2028 if it continues to mirror the price action following the first halving.\u00a0<\/span><\/p>\n

Additionally, BTC’S\u00a0fourth halving mirroring the second or third halving will bring lower price moves for the flagship crypto. Quinten predicts that Bitcoin will rise to as high as $400,000 or $280,000 if it follows the second or third halving, respectively. Meanwhile, based on the second and third halving trajectory, Bitcoin could rise to <\/span>as high as $1 million<\/span><\/a> or $800,000 by 2028.\u00a0<\/span><\/p>\n

Time For BTC To Resume Its Upward Trend<\/h2>\n

Based on recent analyses by different crypto analysts, Bitcoin could resume its upward trend soon enough. <\/span>Crypto analyst Ali Martinez<\/span><\/a> mentioned<\/span><\/a> that retail investors are returning to the <\/span>Bitcoin ecosystem<\/span><\/a>, with new Bitcoin addresses hitting a four-month high of 432,026. This could put the flagship crypto in price discovery and lead to a rally as these investors accumulate Bitcoin.<\/span><\/p>\n

\"Bitcoin
Source: X<\/figcaption><\/figure>\n

Crypto analyst Mikybull Crypto<\/span><\/a> also recently predicted that BTC is set to rise higher. He claimed that the flagship crypto had completed its <\/span>inverse head-and-shoulder pattern<\/span><\/a> on the daily and noted that Bitcoin\u2019s <\/span>Moving Average Convergence\/Divergence (MACD)<\/span><\/a> indicator suggests an imminent bullish cross, which indicates strength for the flagship crypto.\u00a0<\/span><\/p>\n

Related Reading: XRP Price Attempts Bullish Decoupling Amid Major Developments<\/a><\/div>\n

Meanwhile, Mikybull Crypto <\/span>revealed<\/span><\/a> that Bitcoin’s <\/span>CME gap<\/span><\/a> has been filled. This is significant as crypto expert <\/span>Michael van de Poppe<\/span><\/a> predicted that Bitcoin could witness a bounce from its current price levels once the CME gap has been closed.\u00a0<\/span><\/p>\n

At the time of writing, Bitcoin is trading at around $60,600, down over 3% in the last 24 hours according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n

\"Bitcoin
BTC at $6o,400 | Source: BTCUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto analyst Quinten Fran\u00e7ois has provided an ultra-bullish narrative for the Bitcoin future trajectory. The analyst suggested that things are about to get interesting for the flagship crypto, predicting it could rise to as high as $4.5 million.\u00a0 The \u201cFireworks\u201d Are Just About To Begin For Bitcoin While highlighting the significance of Bitcoin\u2019s fourth halving, Quinten claimed that the \u201cfireworks\u201d were just about to begin for Bitcoin. The crypto analyst remarked that BTC\u00a0was currently at the bottom of the range of a growth pattern, which it could enjoy if this fourth halving were to follow the same growth rate as the previous market cycles.\u00a0 Related Reading: Shiba Inu Starts July On A High Note: Burn Rate Surges 16,854%, Trading Volume Rises 170% If that were to happen, Quinten claims that Bitcoin could be worth between $140,000 and $4.5 million going forward. He noted that this potential move for BTC is starting at the range bottom at $63,000, so he remarked that the fireworks are just about to start for the flagship crypto.\u00a0 From the chart Quinten shared, Bitcoin\u2019s impressive growth to $4.5 million isn\u2019t expected to happen in this bull run. He predicts that Bitcoin could peak at around $1 million if it were to mirror Bitcoin\u2019s trajectory after the first halving. Meanwhile, Bitcoin could eventually rise to $4.5 million in 2028 if it continues to mirror the price action following the first halving.\u00a0 Additionally, BTC’S\u00a0fourth halving mirroring the second or third halving will bring lower price moves for the flagship crypto. Quinten predicts that Bitcoin will rise to as high as $400,000 or $280,000 if it follows the second or third halving, respectively. Meanwhile, based on the second and third halving trajectory, Bitcoin could rise to as high as $1 million or $800,000 by 2028.\u00a0 Time For BTC To Resume Its Upward Trend Based on recent analyses by different crypto analysts, Bitcoin could resume its upward trend soon enough. Crypto analyst Ali Martinez mentioned that retail investors are returning to the Bitcoin ecosystem, with new Bitcoin addresses hitting a four-month high of 432,026. This could put the flagship crypto in price discovery and lead to a rally as these investors accumulate Bitcoin. Crypto analyst Mikybull Crypto also recently predicted that BTC is set to rise higher. He claimed that the flagship crypto had completed its inverse head-and-shoulder pattern on the daily and noted that Bitcoin\u2019s Moving Average Convergence\/Divergence (MACD) indicator suggests an imminent bullish cross, which indicates strength for the flagship crypto.\u00a0 Related Reading: XRP Price Attempts Bullish Decoupling Amid Major Developments Meanwhile, Mikybull Crypto revealed that Bitcoin’s CME gap has been filled. This is significant as crypto expert Michael van de Poppe predicted that Bitcoin could witness a bounce from its current price levels once the CME gap has been closed.\u00a0 At the time of writing, Bitcoin is trading at around $60,600, down over 3% in the last 24 hours according to data from CoinMarketCap.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":627651,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[428,656,679,1119,89185,1122,1144,78790],"class_list":["post-627630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt"],"acf":[],"yoast_head":"\nAnalyst Says 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. 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":"Analyst Says Bitcoin Is Hitting Range Bottom, \u201cRight Before The Fireworks\u201d","url":"http:\/\/wncen.com\/news\/bitcoin\/bitcoin-is-hitting-range-bottom\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin\/bitcoin-is-hitting-range-bottom\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Bitcoin-fireworks.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/Bitcoin-fireworks.jpeg?fit=1792%2C1024"},"articleSection":"Bitcoin","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":["bitcoin","bitcoin news","bitcoin price","btc","btc news","btc price","btcusd","btcusdt"],"dateCreated":"2024-07-03T15:30:12Z","datePublished":"2024-07-03T15:30:12Z","dateModified":"2024-07-03T15:30:12Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Analyst Says Bitcoin Is Hitting Range Bottom, \\u201cRight Before The Fireworks\\u201d\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin\\\/bitcoin-is-hitting-range-bottom\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin\\\/bitcoin-is-hitting-range-bottom\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Bitcoin-fireworks.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Bitcoin-fireworks.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Bitcoin\",\"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\":[\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\"],\"dateCreated\":\"2024-07-03T15:30:12Z\",\"datePublished\":\"2024-07-03T15:30:12Z\",\"dateModified\":\"2024-07-03T15:30:12Z\"}<\/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\/07\/Bitcoin-fireworks.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/627630"}],"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=627630"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/627630\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/627651"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=627630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=627630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=627630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}