{"id":642772,"date":"2024-09-18T19:30:05","date_gmt":"2024-09-18T19:30:05","guid":{"rendered":"https:\/\/wncen.com\/?p=642772"},"modified":"2024-09-18T10:07:29","modified_gmt":"2024-09-18T10:07:29","slug":"bitcoin-all-time-high-60000","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-all-time-high-60000\/","title":{"rendered":"Crypto Analyst Says Bitcoin All-Time High Only A Month Away After Breaking $60,000"},"content":{"rendered":"

Bitcoin (BTC) could be gearing up for a <\/span>new All-Time High (ATH)<\/span><\/a> this year if it breaks through key resistance levels at $60,000. Despite experiencing substantial volatility and price instability over the past few months, analysts <\/span>express bullish optimism<\/span><\/a> for the cryptocurrency in the coming months.\u00a0<\/span><\/p>\n

New Bitcoin All-Time High Incoming<\/h2>\n

The Bitcoin price chart is flashing bullish signals as the cryptocurrency is up above $60,000 once again. Earlier this month, <\/span>Bitcoin jumped over the $60,000 mark<\/span><\/a> but witnessed a minor correction that pushed its price back below $59,000.\u00a0<\/span><\/p>\n

Related Reading: Cardano (ADA) Enters Stage 3 That Will Trigger 4,500% Rally To $15<\/a><\/div>\n

With the cryptocurrency recovering its previous momentum, many analysts expect more gains in the future. In an X (formerly Twitter) <\/span>post<\/span><\/a> on September 17, popular crypto analyst, Michael van de Poppe suggested that as long as Bitcoin can maintain a steady price above $58,500, the market will remain strong and positive, signaling the possible <\/span>start of the bull market<\/span><\/a>.<\/span><\/p>\n

Based on his price chart of Bitcoin\u2019s movements, the $58,500 price mark is seen as a critical support area to hold and Poppe has predicted that if Bitcoin continues to trade above this level, it could experience a massive <\/span>pump to new all-time highs in October 2024<\/span><\/a>. This significant price increase is anticipated to surpass <\/span>Bitcoin\u2019s current ATH<\/span><\/a>, which jumped above $73,000 in March 2024.\u00a0<\/span><\/p>\n

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

At the time, the trigger to Bitcoin achieving its March ATH was the <\/span>launch of Spot Bitcoin ETFs<\/span><\/a> and the subsequent large-scale demand. This time, BTC is expected to reach a new ATH, catalyzed by a confluence of factors, including the fact that Q4 of all <\/span>Bitcoin halving <\/span><\/a>years is typically <\/span>seen<\/span><\/a> as a bullish period for the cryptocurrency.\u00a0<\/span><\/p>\n

Before this attack on the ATH in October, Poppe <\/span>revealed<\/span><\/a> that Bitcoin may experience a \u201csweep of the liquidity\u201d as well as a short period of consolidation. The analyst highlighted that <\/span>September remains a significantly weak month <\/span><\/a>for Bitcoin, characterized by <\/span>price declines<\/span><\/a> and volatility.\u00a0<\/span><\/p>\n

However, he has forecasted that BTC could witness a clear breakout to the upside above $62,000 by the end of the month, or in early October. As of writing, Bitcoin is trading at $60,471, marking a 3.76% price increase in the last 24 hours, according to CoinMarketCap.\u00a0<\/span><\/p>\n

Next Three Months Seen As Bullish Period For BTC<\/h2>\n

Bitcoin has been in a long downtrend, with Q3 seen as one of its most bearish periods this year. Despite the <\/span>cryptocurrency\u2019s price crash<\/span><\/a> and previously persistent declines, analysts <\/span>highlight<\/span><\/a> that the coming months will be significantly bullish for the cryptocurrency.\u00a0<\/span><\/p>\n

Related Reading: Analyst Identifies $0.75 As Most Crucial Target For XRP Price In The Campaign For $1<\/a><\/div>\n

Crypto analyst, Crypto Rover <\/span>disclosed<\/span><\/a> on X that September has historically been the worst month for Bitcoin, however, he believes <\/span>Q4 is set to be the best<\/span><\/a>.\u00a0<\/span><\/p>\n

Other analysts like \u2018Stockmoney Lizards\u2019 <\/span>foresee<\/span><\/a> Bitcoin hitting a whopping $100,000 price target by year\u2019s end, with expectations that Q4 (between October to December) would significantly push the cryptocurrency to the upside.\u00a0<\/span><\/p>\n

\"Bitcoin
BTC price drops below $60,000 | Source: BTCUSD on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) could be gearing up for a new All-Time High (ATH) this year if it breaks through key resistance levels at $60,000. Despite experiencing substantial volatility and price instability over the past few months, analysts express bullish optimism for the cryptocurrency in the coming months.\u00a0 New Bitcoin All-Time High Incoming The Bitcoin price chart is flashing bullish signals as the cryptocurrency is up above $60,000 once again. Earlier this month, Bitcoin jumped over the $60,000 mark but witnessed a minor correction that pushed its price back below $59,000.\u00a0 Related Reading: Cardano (ADA) Enters Stage 3 That Will Trigger 4,500% Rally To $15 With the cryptocurrency recovering its previous momentum, many analysts expect more gains in the future. In an X (formerly Twitter) post on September 17, popular crypto analyst, Michael van de Poppe suggested that as long as Bitcoin can maintain a steady price above $58,500, the market will remain strong and positive, signaling the possible start of the bull market. Based on his price chart of Bitcoin\u2019s movements, the $58,500 price mark is seen as a critical support area to hold and Poppe has predicted that if Bitcoin continues to trade above this level, it could experience a massive pump to new all-time highs in October 2024. This significant price increase is anticipated to surpass Bitcoin\u2019s current ATH, which jumped above $73,000 in March 2024.\u00a0 At the time, the trigger to Bitcoin achieving its March ATH was the launch of Spot Bitcoin ETFs and the subsequent large-scale demand. This time, BTC is expected to reach a new ATH, catalyzed by a confluence of factors, including the fact that Q4 of all Bitcoin halving years is typically seen as a bullish period for the cryptocurrency.\u00a0 Before this attack on the ATH in October, Poppe revealed that Bitcoin may experience a \u201csweep of the liquidity\u201d as well as a short period of consolidation. The analyst highlighted that September remains a significantly weak month for Bitcoin, characterized by price declines and volatility.\u00a0 However, he has forecasted that BTC could witness a clear breakout to the upside above $62,000 by the end of the month, or in early October. As of writing, Bitcoin is trading at $60,471, marking a 3.76% price increase in the last 24 hours, according to CoinMarketCap.\u00a0 Next Three Months Seen As Bullish Period For BTC Bitcoin has been in a long downtrend, with Q3 seen as one of its most bearish periods this year. Despite the cryptocurrency\u2019s price crash and previously persistent declines, analysts highlight that the coming months will be significantly bullish for the cryptocurrency.\u00a0 Related Reading: Analyst Identifies $0.75 As Most Crucial Target For XRP Price In The Campaign For $1 Crypto analyst, Crypto Rover disclosed on X that September has historically been the worst month for Bitcoin, however, he believes Q4 is set to be the best.\u00a0 Other analysts like \u2018Stockmoney Lizards\u2019 foresee Bitcoin hitting a whopping $100,000 price target by year\u2019s end, with expectations that Q4 (between October to December) would significantly push the cryptocurrency to the upside.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":642800,"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":[167,428,656,679,1119,89185,1122,1144,78790,6664,26263,14690],"class_list":["post-642772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","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 Says Bitcoin All-Time High Only A Month Away After Breaking $60,000<\/title>\n<meta name=\"description\" content=\"Bitcoin (BTC) could be gearing up for a new All-Time High (ATH) this year if it breaks through key resistance levels at $60,000.\" \/>\n<meta name=\"robots\" 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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":"Crypto Analyst Says Bitcoin All-Time High Only A Month Away After Breaking $60,000","url":"http:\/\/wncen.com\/news\/bitcoin\/bitcoin-all-time-high-60000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin\/bitcoin-all-time-high-60000\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin_d58706.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin_d58706.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":["analyst","bitcoin","bitcoin news","bitcoin price","btc","btc news","btc price","btcusd","btcusdt","crypto","crypto analyst","crypto news"],"dateCreated":"2024-09-18T19:30:05Z","datePublished":"2024-09-18T19:30:05Z","dateModified":"2024-09-18T19:30:05Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Analyst Says Bitcoin All-Time High Only A Month Away After Breaking $60,000\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin\\\/bitcoin-all-time-high-60000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin\\\/bitcoin-all-time-high-60000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Bitcoin_d58706.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Bitcoin_d58706.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\":[\"analyst\",\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\",\"crypto\",\"crypto analyst\",\"crypto news\"],\"dateCreated\":\"2024-09-18T19:30:05Z\",\"datePublished\":\"2024-09-18T19:30:05Z\",\"dateModified\":\"2024-09-18T19:30:05Z\"}<\/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\/09\/Bitcoin_d58706.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/642772"}],"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=642772"}],"version-history":[{"count":1,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/642772\/revisions"}],"predecessor-version":[{"id":642805,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/642772\/revisions\/642805"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/642800"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=642772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=642772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=642772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}