- Bitcoin price ratakes the $58,000 price mark igniting hope for a bottomed BTC price.
- Analysts are now sharing bullish forecasts for BTC as Uptober and Q4 approaches.
- One analyst says this cycle pump could be one of the most intense surges ever seen.
Hope blooms for the crypto market as the price of Bitcoin (BTC) reclaims the $58,000 price range. This sparks expectations for a new BTC ATH in the coming months. As September is often known as the sluggish month where Bitcoin price tends to bottom, especially during a halving year, analysts look forward to Uptober and the last months of Q4 when BTC price usually pumps spectacularly.
Q4 Bitcoin Price Expectations
During September, many analysts expected the price of BTC to drop one last time to the $40,000 price level before shooting up to set new ATHs. Presently, this sentiment is changing as analysts who believe BTC price has already bottomed will now continue to move upwards to set massive new ATHs in the coming Q4 months of 2024.
In particular, one silver-tongued crypto and Bitcoin (BTC) analyst, known for his many accurate predictions so far, Doctor Profit, believes Bitcoin (BTC) is in a long sideways movement that will end soon. Once it ends it will take Bitcoin price to a new ATH between the price range of $87,000 and $88,000.
Analysts Share Bullish BTC Price Predictions
Doctor Profit believes that once this price level is reached, the crypto market will finally enter the long-awaited crypto bull cycle. During this phase, Bitcoin (BTC) could pump even harder to set new ATHs at $111,000 and $220,000. Similarly, another analyst expects to see bullish price movements for Bitcoin (BTC).
As we can see from the post above, this analyst expects Bitcoin to first surpass the $67,559 price mark before surging ahead to set a new ATH over the price of $116,000. He remarks how this is a target that’s nearly 100% pump from the initial target, saying this coming cyclic pump could be one like no one’s ever seen before.
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