{"id":649752,"date":"2024-10-24T21:30:47","date_gmt":"2024-10-24T21:30:47","guid":{"rendered":"https:\/\/wncen.com\/?p=649752"},"modified":"2024-10-24T21:15:23","modified_gmt":"2024-10-24T21:15:23","slug":"market-expert-predicts-bitcoin-could-reach-100000-within-90-days","status":"publish","type":"post","link":"https:\/\/wncen.com\/bitcoin-news\/market-expert-predicts-bitcoin-could-reach-100000-within-90-days\/","title":{"rendered":"Market Expert Predicts Bitcoin Could Reach $100,000 Within 90 Days"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Despite the Bitcoin price consolidating between $65,000 and $68,000 over the past few days, analysts are increasingly optimistic about the potential for upward movement and new all-time highs for the largest cryptocurrency on the market in the coming months.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Bitcoin Surge Regardless Of US Election Outcome<\/span><\/h2>\n<p><span style=\"font-weight: 400\">In a recent <\/span><a href=\"https:\/\/x.com\/nsquaredvalue\/status\/37317943\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">social media post<\/span><\/a><span style=\"font-weight: 400\"> on X (formerly Twitter), market expert Timothy Peterson highlighted a basic trendline for the period 2023-2024, suggesting that current price behavior mirrors previous uptrend patterns.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">In his analysis, Peterson asserts that a move just above this trend could see Bitcoin reaching $100,000 within the next 90 days, a prediction he considers entirely reasonable.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/ethereum\/ethereum-price-at-10000\/\" target=\"_blank\" rel=\"noopener \">Ethereum Price At $10,000: Symmetrical Triangle Breakout Predicts Big Gains<\/a><\/div>\n<p><span style=\"font-weight: 400\">Peterson&#8217;s analysis indicates that a conservative estimate places Bitcoin at this milestone by February, regardless of the outcome of the upcoming US elections, which could also have a notable impact on BTC\u2019s <\/span><a href=\"https:\/\/wncen.com\/news\/retail-surge-sparks-bearish-outlook-as-bitcoin-dominance-declines\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">price performance<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The expert also noted that BTC does not appear to be overvalued, making a drop below $60,000 increasingly unlikely, especially as the $66,000<\/span><a href=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-profitability-index-202-previous-bull-runs\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\"> support level <\/span><\/a><span style=\"font-weight: 400\">has prevented a further correction over the past week.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Crypto analyst Rekt Capital, has also expressed bullish sentiments, <\/span><a href=\"https:\/\/x.com\/rektcapital\/status\/62738502\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">stating <\/span><\/a><span style=\"font-weight: 400\">that Bitcoin is positioned for a strong weekly close above critical support levels.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The recent retest of the key $66,000 support proved successful, with BTC rising to the $68,000 mark in Thursday&#8217;s trading session, coinciding with significant regulatory developments in the US.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400\">BTC Price Spikes 2.5% Following Legislative Advances\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400\">As <\/span><a href=\"https:\/\/bitcoinist.com\/pennsylvania-house-passes-bitcoin-rights-bill\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">reported <\/span><\/a><span style=\"font-weight: 400\">by Bitcoinist, the Pennsylvania House of Representatives recently passed the &#8216;Bitcoin Rights&#8217; bill, aimed at safeguarding individuals&#8217; rights to self-custody their digital assets, affirming their ability to use Bitcoin for payments, and establishing clear taxation guidelines for Bitcoin transactions.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Dennis Porter, founder of the Satoshi Action Fund, emphasized the importance of this legislation in shaping the political landscape as the country approaches the 2024 elections.\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/x.com\/Dennis_Porter_\/status\/86946612\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Announcing <\/span><\/a><span style=\"font-weight: 400\">the news, Porter noted that BTC adoption is growing, creating a motivated voter base eager for political allies who champion financial freedom and innovation. He believes that this voter base crosses traditional party lines, appealing to those who prioritize economic autonomy, technological advancement and digital privacy.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-liquidity-sweep-signals-doge-is-ready-for-a-rally\/\" target=\"_blank\" rel=\"noopener \">Dogecoin Liquidity Sweep Signals DOGE Is Ready For A Rally<\/a><\/div>\n<p><span style=\"font-weight: 400\">Porter also pointed out that Bitcoin serves as a potential escape from <\/span><a href=\"https:\/\/wncen.com\/news\/bitcoin\/33-14-billion-bitcoin-price-72462\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">Central Bank Digital Currencies<\/span><\/a><span style=\"font-weight: 400\"> (CBDCs), resonating with many voters who feel strongly about financial sovereignty and resistance to centralization.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">With just 12 days until what is being dubbed by Dennis as the most significant Bitcoin election in recent history, he urged both Donald Trump and Kamala Harris to leverage their influence within their respective parties to ensure the smooth passage of the &#8216;Bitcoin Rights&#8217; bill.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In light of these developments, Bitcoin has experienced a 2.5% surge in price over the past 24 hours, accompanied by a notable 10% increase in <\/span><a href=\"https:\/\/wncen.com\/news\/bitcoin\/can-bitcoin-price-reach-a-new-all-time-high-golden-cross\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">trading volume<\/span><\/a><span style=\"font-weight: 400\">, which has reached nearly $33 billion.\u00a0<\/span><\/p>\n<figure style=\"width: 1815px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large\" src=\"https:\/\/www.tradingview.com\/x\/K5OqqCzr\/\" alt=\"Bitcoin\" width=\"1815\" height=\"858\"><figcaption class=\"wp-caption-text\">The daily chart shows BTC&#8217;s price recovery of the $68,000 zone. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/7W2R5XTA\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Featured image from DALL-E, chart from TradingView.com\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite the Bitcoin price consolidating between $65,000 and $68,000 over the past few days, analysts are increasingly optimistic about the potential for upward movement and new all-time highs for the largest cryptocurrency on the market in the coming months.\u00a0 Bitcoin Surge Regardless Of US Election Outcome In a recent social media post on X (formerly Twitter), market expert Timothy Peterson highlighted a basic trendline for the period 2023-2024, suggesting that current price behavior mirrors previous uptrend patterns.\u00a0 In his analysis, Peterson asserts that a move just above this trend could see Bitcoin reaching $100,000 within the next 90 days, a prediction he considers entirely reasonable.\u00a0 Related Reading: Ethereum Price At $10,000: Symmetrical Triangle Breakout Predicts Big Gains Peterson&#8217;s analysis indicates that a conservative estimate places Bitcoin at this milestone by February, regardless of the outcome of the upcoming US elections, which could also have a notable impact on BTC\u2019s price performance.\u00a0 The expert also noted that BTC does not appear to be overvalued, making a drop below $60,000 increasingly unlikely, especially as the $66,000 support level has prevented a further correction over the past week. Crypto analyst Rekt Capital, has also expressed bullish sentiments, stating that Bitcoin is positioned for a strong weekly close above critical support levels.\u00a0 The recent retest of the key $66,000 support proved successful, with BTC rising to the $68,000 mark in Thursday&#8217;s trading session, coinciding with significant regulatory developments in the US.\u00a0 BTC Price Spikes 2.5% Following Legislative Advances\u00a0 As reported by Bitcoinist, the Pennsylvania House of Representatives recently passed the &#8216;Bitcoin Rights&#8217; bill, aimed at safeguarding individuals&#8217; rights to self-custody their digital assets, affirming their ability to use Bitcoin for payments, and establishing clear taxation guidelines for Bitcoin transactions. Dennis Porter, founder of the Satoshi Action Fund, emphasized the importance of this legislation in shaping the political landscape as the country approaches the 2024 elections.\u00a0 Announcing the news, Porter noted that BTC adoption is growing, creating a motivated voter base eager for political allies who champion financial freedom and innovation. He believes that this voter base crosses traditional party lines, appealing to those who prioritize economic autonomy, technological advancement and digital privacy. Related Reading: Dogecoin Liquidity Sweep Signals DOGE Is Ready For A Rally Porter also pointed out that Bitcoin serves as a potential escape from Central Bank Digital Currencies (CBDCs), resonating with many voters who feel strongly about financial sovereignty and resistance to centralization.\u00a0 With just 12 days until what is being dubbed by Dennis as the most significant Bitcoin election in recent history, he urged both Donald Trump and Kamala Harris to leverage their influence within their respective parties to ensure the smooth passage of the &#8216;Bitcoin Rights&#8217; bill. In light of these developments, Bitcoin has experienced a 2.5% surge in price over the past 24 hours, accompanied by a notable 10% increase in trading volume, which has reached nearly $33 billion.\u00a0 Featured image from DALL-E, chart from TradingView.com\u00a0<\/p>\n","protected":false},"author":589,"featured_media":649753,"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":[428,656,679,755,1122,1144,78790,6664,14690],"class_list":["post-649752","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-bitcoin-technical-analysis","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-news"],"acf":[],"yoast_head":"\n<title>Market Expert Predicts Bitcoin Could Reach $100,000 Within 90 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Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. 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