- Bitcoin collapses slightly from $73,000 to $69,000.
- Traders seem frustrated over Bitcoin’s failed attempt to reclaim its previous ATH.
- Seasoned traders remain unfazed and continue to share bullish BTC pump predictions.
Bitcoin takes a tumble falling from a $73,000 sideways movement to a higher low of $69,000 as the pioneer crypto asset tries to reclaim its previous ATH of $73,700. While many traders are frustrated over this fall in price, more seasoned traders are pleased to see that Bitcoin continues to set higher lows and higher highs as it inches closer to its previous ATH.
Bitcoin Falls and Analysts Remain Unfazed
This is likely due to the fact that Q4 is expected to pave the way for multiple new ATHs for Bitcoin (BTC). Thus far, multiple popular analysts’ top price forecasts for Q4 suggest BTC could reach anywhere from $100,000 to $150,000, with the overall cycle top projected between $220,000 and $550,000.
#Bitcoin next price surge to $116,732 after its recent breakout
This same post-halving cyclical scenario has occurred in all cycles(2012, 2016, and 2020).
$225,467 will be the cycle top which will probably occur in Q4 2025. pic.twitter.com/u8aJ0lRh0T— Mikybull 🐂Crypto (@MikybullCrypto) October 31, 2024
$116,000 to $170,000 BTC Pump Lies Ahead
As we can see from the post above, the next significant ATH for Bitcoin price is $116,732. The expected new ATH for Bitcoin could arrive after a price breakout, depicted in the chart above. The post highlights a repeated pattern in the Bitcoin price chart. Therefore, a similar surge is expected based on the previous Bitcoin cycle.
The analyst says that if the cycle continues to repeat itself then the possible bull cycle top for Bitcoin (BTC) is $225,467 which will probably occur in Q4 2025, according to the analyst. Similarly, another analyst says Bitcoin price is working towards a major breakout which could take BTC price to $120,000 or $170,000.
