{"id":631536,"date":"2024-07-26T02:00:35","date_gmt":"2024-07-26T02:00:35","guid":{"rendered":"https:\/\/ktsl888.com\/?p=631536"},"modified":"2024-07-25T11:13:29","modified_gmt":"2024-07-25T11:13:29","slug":"bitcoin-is-headed-for-260000","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-is-headed-for-260000\/","title":{"rendered":"Crypto Analyst Says Bitcoin Is Headed For $260,000 But This Must Happen First"},"content":{"rendered":"

A crypto analyst has predicted that <\/span>Bitcoin (BTC)<\/span><\/a>, the world\u2019s largest cryptocurrency, is on track to reach an unprecedented $263,000. However, he also emphasized that this <\/span>bullish surge to new all-time highs<\/span><\/a> is contingent on Bitcoin meeting specific market conditions.\u00a0<\/span><\/p>\n

Bitcoin Set For Massive Rally To $263,000<\/h2>\n

In an X (formerly Twitter) <\/span>post<\/span><\/a> on July 23, a crypto analyst identified as \u2018Trader Tardigrade\u2019 revealed that Bitcoin\u2019s current price chart was forming a key technical pattern known as the \u201cCup with Handle chart pattern.\u201d Notably, the <\/span>Cup with Handle pattern<\/span><\/a> is a unique technical indicator where the price movement of a cryptocurrency typically resembles a cup, followed by a <\/span>downward price trend<\/span><\/a> which emulates a handle. This handle often signifies a buying opportunity to go long on the asset.\u00a0<\/span><\/p>\n

Related Reading: Polygon Network Active Addresses Just Hit A New Yearly High, But Why Is MATIC Price Down?<\/a><\/div>\n

Sharing a price chart illustrating Bitcoin\u2019s Cup with Handle pattern, Trader Tardigrade noted that Bitcoin could witness a <\/span>substantial rally<\/span><\/a> to a measured target of $263,000 before the end of 2024. The analyst disclosed that for this bullish surge to happen, Bitcoin\u2019s price will have to <\/span>break above the $68,000 level<\/span><\/a>, which represents the handle part of the Cup with Handle chart pattern.\u00a0\u00a0<\/span><\/p>\n

\"Bitcoin
Source: X<\/figcaption><\/figure>\n

In a more recent <\/span>X post<\/span><\/a>, the crypto analyst revealed that Bitcoin\u2019s price has reached the upper resistance of the <\/span>descending channel pattern<\/span><\/a>. This pattern signifies when the price of a cryptocurrency is moving within two parallel trend lines and sloping downwards. Typically, the upper trend line in this pattern acts like a resistance and the lower line acts as a support.\u00a0<\/span><\/p>\n

The analyst further noted that <\/span>Bitcoin\u2019s price<\/span><\/a> has successfully reached the upper resistance of the descending channel. However, he disclosed that the resistance was weaker than the lower support, making it easier for the cryptocurrency to potentially breakthrough.\u00a0<\/span><\/p>\n

Trader Tardigrade also predicts that Bitcoin could undergo a brief <\/span>period of consolidation<\/span><\/a> before witnessing its next breakout move. The analyst <\/span>declared<\/span><\/a> that the market was currently in the middle of a bull run, with Bitcoin set to <\/span>surge even higher until late 2025<\/span><\/a>.\u00a0<\/span><\/p>\n

Key Support Level Identified For Bitcoin\u2019s Next ATH<\/h2>\n

Bitcoin\u2019s price is currently trading at $64,239, marking a <\/span>slight decrease<\/span><\/a> of 3.11% in the last 24 hours, according to CoinMarketCap. Despite <\/span>the cryptocurrency\u2019s struggles<\/span><\/a> to reach new highs, Ali Martinez, a prominent crypto analyst, remains\u00a0 bullish on its future outlook.<\/span><\/p>\n

Related Reading: Machine Learning Algorithm Predicts Shiba Inu Price Will Rise 119% In 5 Days<\/a><\/div>\n

Sharing a price chart depicting Bitcoin\u2019s UTXO realized price distribution (URPD), Martinez <\/span>predicted<\/span><\/a> that BTC is poised to surge to new all time highs soon.\u00a0<\/span><\/p>\n

\"Bitcoin
Source: X<\/figcaption><\/figure>\n

The analyst also disclosed that the $66,000 price mark was a <\/span>crucial support level <\/span><\/a>for Bitcoin. He added that if Bitcoin succeeds in holding a price level at $66,000, it would set a strong foundation for a potential <\/span>rally to new levels<\/span><\/a>.\u00a0<\/span><\/p>\n

\"Bitcoin
BTC price drops to $64,000 | Source: BTCUSD on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

A crypto analyst has predicted that Bitcoin (BTC), the world\u2019s largest cryptocurrency, is on track to reach an unprecedented $263,000. However, he also emphasized that this bullish surge to new all-time highs is contingent on Bitcoin meeting specific market conditions.\u00a0 Bitcoin Set For Massive Rally To $263,000 In an X (formerly Twitter) post on July 23, a crypto analyst identified as \u2018Trader Tardigrade\u2019 revealed that Bitcoin\u2019s current price chart was forming a key technical pattern known as the \u201cCup with Handle chart pattern.\u201d Notably, the Cup with Handle pattern is a unique technical indicator where the price movement of a cryptocurrency typically resembles a cup, followed by a downward price trend which emulates a handle. This handle often signifies a buying opportunity to go long on the asset.\u00a0 Related Reading: Polygon Network Active Addresses Just Hit A New Yearly High, But Why Is MATIC Price Down? Sharing a price chart illustrating Bitcoin\u2019s Cup with Handle pattern, Trader Tardigrade noted that Bitcoin could witness a substantial rally to a measured target of $263,000 before the end of 2024. The analyst disclosed that for this bullish surge to happen, Bitcoin\u2019s price will have to break above the $68,000 level, which represents the handle part of the Cup with Handle chart pattern.\u00a0\u00a0 In a more recent X post, the crypto analyst revealed that Bitcoin\u2019s price has reached the upper resistance of the descending channel pattern. This pattern signifies when the price of a cryptocurrency is moving within two parallel trend lines and sloping downwards. Typically, the upper trend line in this pattern acts like a resistance and the lower line acts as a support.\u00a0 The analyst further noted that Bitcoin\u2019s price has successfully reached the upper resistance of the descending channel. However, he disclosed that the resistance was weaker than the lower support, making it easier for the cryptocurrency to potentially breakthrough.\u00a0 Trader Tardigrade also predicts that Bitcoin could undergo a brief period of consolidation before witnessing its next breakout move. The analyst declared that the market was currently in the middle of a bull run, with Bitcoin set to surge even higher until late 2025.\u00a0 Key Support Level Identified For Bitcoin\u2019s Next ATH Bitcoin\u2019s price is currently trading at $64,239, marking a slight decrease of 3.11% in the last 24 hours, according to CoinMarketCap. Despite the cryptocurrency\u2019s struggles to reach new highs, Ali Martinez, a prominent crypto analyst, remains\u00a0 bullish on its future outlook. Related Reading: Machine Learning Algorithm Predicts Shiba Inu Price Will Rise 119% In 5 Days Sharing a price chart depicting Bitcoin\u2019s UTXO realized price distribution (URPD), Martinez predicted that BTC is poised to surge to new all time highs soon.\u00a0 The analyst also disclosed that the $66,000 price mark was a crucial support level for Bitcoin. He added that if Bitcoin succeeds in holding a price level at $66,000, it would set a strong foundation for a potential rally to new levels.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":631576,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[167,428,656,679,1119,89185,1122,1144,78790,6664,26263,14690],"class_list":["post-631536","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-analyst","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-analyst","tag-crypto-news"],"acf":[],"yoast_head":"\nCrypto Analyst Says Bitcoin Is Headed For $260,000 But This Must Happen First<\/title>\n<meta name=\"description\" content=\"A crypto analyst has predicted that Bitcoin (BTC), the world\u2019s largest cryptocurrency, is on track to reach an unprecedented $263,000.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-is-headed-for-260000\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Analyst Says Bitcoin Is Headed For $260,000 But This Must Happen First\" \/>\n<meta property=\"og:description\" content=\"A crypto analyst has predicted that Bitcoin (BTC), the world\u2019s largest cryptocurrency, is on track to reach an unprecedented $263,000.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-is-headed-for-260000\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-26T02:00:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-25T11:13:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin-price-7.jpeg?fit=1792%2C1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1792\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Matherson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/MathersonScott\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Scott Matherson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-is-headed-for-260000\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-is-headed-for-260000\/\"},\"author\":{\"name\":\"Scott Matherson\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\"},\"headline\":\"Crypto Analyst Says Bitcoin Is Headed For $260,000 But This Must Happen First\",\"datePublished\":\"2024-07-26T02:00:35+00:00\",\"dateModified\":\"2024-07-25T11:13:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-is-headed-for-260000\/\"},\"wordCount\":535,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-is-headed-for-260000\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin-price-7.jpeg?fit=1792%2C1024\",\"keywords\":[\"analyst\",\"bitcoin\",\"Bitcoin news\",\"bitcoin price\",\"btc\",\"BTC news\",\"btc price\",\"btcusd\",\"BTCUSDT\",\"crypto\",\"crypto analyst\",\"crypto news\"],\"articleSection\":[\"Bitcoin\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-is-headed-for-260000\/\",\"url\":\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-is-headed-for-260000\/\",\"name\":\"Crypto Analyst Says Bitcoin Is Headed For $260,000 But This Must Happen First\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-is-headed-for-260000\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-is-headed-for-260000\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin-price-7.jpeg?fit=1792%2C1024\",\"datePublished\":\"2024-07-26T02:00:35+00:00\",\"dateModified\":\"2024-07-25T11:13:29+00:00\",\"description\":\"A crypto analyst has predicted that Bitcoin (BTC), the world\u2019s largest cryptocurrency, is on track to reach an unprecedented $263,000.\",\"breadcrumb\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-is-headed-for-260000\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-is-headed-for-260000\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-is-headed-for-260000\/#primaryimage\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin-price-7.jpeg?fit=1792%2C1024\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin-price-7.jpeg?fit=1792%2C1024\",\"width\":1792,\"height\":1024,\"caption\":\"Bitcoin price\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-is-headed-for-260000\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ktsl888.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crypto Analyst Says Bitcoin Is Headed For $260,000 But This Must Happen First\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ktsl888.com\/#website\",\"url\":\"https:\/\/ktsl888.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ktsl888.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ktsl888.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/ktsl888.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\",\"name\":\"Scott Matherson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"caption\":\"Scott Matherson\"},\"description\":\"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott\"],\"url\":\"https:\/\/ktsl888.com\/author\/mathersonscott1\/\"}]}<\/script>\n","yoast_head_json":{"title":"Crypto Analyst Says Bitcoin Is Headed For $260,000 But This Must Happen First","description":"A crypto analyst has predicted that Bitcoin (BTC), the world\u2019s largest cryptocurrency, is on track to reach an unprecedented $263,000.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-is-headed-for-260000\/","og_locale":"en_US","og_type":"article","og_title":"Crypto Analyst Says Bitcoin Is Headed For $260,000 But This Must Happen First","og_description":"A crypto analyst has predicted that Bitcoin (BTC), the world\u2019s largest cryptocurrency, is on track to reach an unprecedented $263,000.","og_url":"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-is-headed-for-260000\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-07-26T02:00:35+00:00","article_modified_time":"2024-07-25T11:13:29+00:00","og_image":[{"width":1792,"height":1024,"url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin-price-7.jpeg?fit=1792%2C1024","type":"image\/jpeg"}],"author":"Scott Matherson","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/MathersonScott","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Scott Matherson","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-is-headed-for-260000\/#article","isPartOf":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-is-headed-for-260000\/"},"author":{"name":"Scott Matherson","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d"},"headline":"Crypto Analyst Says Bitcoin Is Headed For $260,000 But This Must Happen First","datePublished":"2024-07-26T02:00:35+00:00","dateModified":"2024-07-25T11:13:29+00:00","mainEntityOfPage":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-is-headed-for-260000\/"},"wordCount":535,"publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"image":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-is-headed-for-260000\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin-price-7.jpeg?fit=1792%2C1024","keywords":["analyst","bitcoin","Bitcoin news","bitcoin price","btc","BTC news","btc price","btcusd","BTCUSDT","crypto","crypto analyst","crypto news"],"articleSection":["Bitcoin"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/ktsl888.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-is-headed-for-260000\/","url":"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-is-headed-for-260000\/","name":"Crypto Analyst Says Bitcoin Is Headed For $260,000 But This Must Happen First","isPartOf":{"@id":"https:\/\/ktsl888.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-is-headed-for-260000\/#primaryimage"},"image":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-is-headed-for-260000\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin-price-7.jpeg?fit=1792%2C1024","datePublished":"2024-07-26T02:00:35+00:00","dateModified":"2024-07-25T11:13:29+00:00","description":"A crypto analyst has predicted that Bitcoin (BTC), the world\u2019s largest cryptocurrency, is on track to reach an unprecedented $263,000.","breadcrumb":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-is-headed-for-260000\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-is-headed-for-260000\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-is-headed-for-260000\/#primaryimage","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin-price-7.jpeg?fit=1792%2C1024","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin-price-7.jpeg?fit=1792%2C1024","width":1792,"height":1024,"caption":"Bitcoin price"},{"@type":"BreadcrumbList","@id":"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-is-headed-for-260000\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ktsl888.com\/"},{"@type":"ListItem","position":2,"name":"Crypto Analyst Says Bitcoin Is Headed For $260,000 But This Must Happen First"}]},{"@type":"WebSite","@id":"https:\/\/ktsl888.com\/#website","url":"https:\/\/ktsl888.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ktsl888.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ktsl888.com\/#organization","name":"NewsBTC","url":"https:\/\/ktsl888.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d","name":"Scott Matherson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","caption":"Scott Matherson"},"description":"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Analyst Says Bitcoin Is Headed For $260,000 But This Must Happen First","url":"http:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-is-headed-for-260000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-is-headed-for-260000\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin-price-7.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin-price-7.jpeg?fit=1792%2C1024"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","bitcoin","bitcoin news","bitcoin price","btc","btc news","btc price","btcusd","btcusdt","crypto","crypto analyst","crypto news"],"dateCreated":"2024-07-26T02:00:35Z","datePublished":"2024-07-26T02:00:35Z","dateModified":"2024-07-26T02:00:35Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Analyst Says Bitcoin Is Headed For $260,000 But This Must Happen First\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin\\\/bitcoin-is-headed-for-260000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin\\\/bitcoin-is-headed-for-260000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Bitcoin-price-7.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Bitcoin-price-7.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\",\"crypto\",\"crypto analyst\",\"crypto news\"],\"dateCreated\":\"2024-07-26T02:00:35Z\",\"datePublished\":\"2024-07-26T02:00:35Z\",\"dateModified\":\"2024-07-26T02:00:35Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Bitcoin-price-7.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/631536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=631536"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/631536\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/631576"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=631536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=631536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=631536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}