Bitcoin Price Prediction: Analyst Affirms BTC Will Hit New All-Time High of $78,000 in October-web3.0-php.cn

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Bitcoin Price Prediction: Analyst Affirms BTC Will Hit New All-Time High of $78,000 in October

Patricia Arquette

Oct 12, 2024 pm 09:54 PM

Bitcoin Price record high $78 Analyst Update000 Prediction

In a September 23 post on X, crypto analyst Ali Martinez put forward an interesting prognosis on the current price action of Bitcoin and its future trajectory.

Bitcoin Price Prediction: Analyst Affirms BTC Will Hit New All-Time High of ,000 in October

A crypto analyst has shared an update on their analysis, predicting that the price of Bitcoin will rise to a new all-time high in the coming months.

After kicking off the month on a bearish note, BTC price action has failed to inspire traders. However, one analyst believes that “Uptober” is yet to begin for the flagship cryptocurrency.

Earlier, a crypto analyst predicted that the price of Bitcoin will rise to $78,000, fueled by the formation of a descending channel pattern on the daily Bitcoin price chart. Now, the analyst has shared an update on the projection.

According to the analysis, the price of Bitcoin dropped to the $60,000 level before jumping back to $66,000. Following the latest correction to around $59,000, the next move for the premier cryptocurrency seems to be the breakout rally to $78,000.

After kicking off the month on a bearish note, BTC price action has failed to inspire traders. However, one analyst believes that “Uptober” is yet to begin for the flagship cryptocurrency.

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