- Bitcoin (BTC) prepares to hit the next trend high of $66,000 rallying bullish sentiment.
- The pioneer crypto asset makes its way to break through the next crucial target of $68,000.
- If this breakthrough occurs, the price of BTC could set an ATH of $88,000 to $90,000.
Bitcoin price holds strong over the $65,000 price target and is moving bullishly towards the $66,000 price mark. Analysts expect the price of Bitcoin to surpass $80,000 soon and believe the pioneer crypto asses even has the chance to set a new ATH of $100,000 before the US Presidential elections in 6 weeks.
Bitcoin (BTC) Prepares to Breakthrough $68,000 Target
To hit these bullish high targets, Bitcoin (BTC) must first breakthrough its next crucial resistance level which is $68,000. According to the post below, one BTC analysts says the BTC bulls have taken over and the time to test this resistance level will arrive sooner than expected.
A Breakthrough Could Set the Next BTC ATH Target
Moreover, the analyst goes on to share a bullish and bearish case for Bitcoin in the coming days. He says if the bulls successfully reclaim this level and the broadening wedge breaks to the upside, then Bitcoin could potentially reach the $88,000 to $90,000 price high by the end of December.
#Bitcoin Massive Rally Incoming? 🚀
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A bullish engulfing candle is forming on the monthly timeframe. Previous occurrences have led to massive rallies for #BTC.
3 days left before the monthly close. 👀 pic.twitter.com/zAB06fnzUGgoogle news — Titan of Crypto (@Washigorira) September 27, 2024
However, in the worst-case scenario if bulls fail to recover this then BTC price could drop to $57,000. Despite this possibility, sentiment for a bullish Q4 is higher than ever as another analyst shares the high probability of a bullish engulfing candle forming on the monthly time frame for BTC pointing to massive rallies ahead. All in all, it seems a bull market flip is in play and major pumps are ahead.
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