{"id":602068,"date":"2024-04-08T19:00:36","date_gmt":"2024-04-08T19:00:36","guid":{"rendered":"https:\/\/ktsl888.com\/?p=602068"},"modified":"2024-06-11T10:58:19","modified_gmt":"2024-06-11T10:58:19","slug":"bitcoin-140000-rare-signal-prints","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-140000-rare-signal-prints\/","title":{"rendered":"Bitcoin Can Reach $140,000 After This Rare Signal Prints: Analyst"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">Bitcoin may be hovering below its all-time highs, but analysts are turning bullish based on a rare chart formation. Taking to X, the analyst observed that BTC has closed two consecutive months above the upper Bollinger Band on the monthly chart.\u00a0<\/span><\/p>\n<figure id=\"attachment_602070\" aria-describedby=\"caption-attachment-602070\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-602070\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/GKkLhMlWIAAG2tm.jpg?resize=1024%2C495\" alt=\"Bitcoin rides the Bollinger Bands | Source: Analyst on X\" width=\"1024\" height=\"495\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/GKkLhMlWIAAG2tm.jpg?w=2854 2854w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/GKkLhMlWIAAG2tm.jpg?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/GKkLhMlWIAAG2tm.jpg?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/GKkLhMlWIAAG2tm.jpg?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/GKkLhMlWIAAG2tm.jpg?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/GKkLhMlWIAAG2tm.jpg?w=2048 2048w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/GKkLhMlWIAAG2tm.jpg?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/GKkLhMlWIAAG2tm.jpg?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-602070\" class=\"wp-caption-text\">Bitcoin rides the Bollinger Bands | Source: Analyst on X<\/figcaption><\/figure>\n<h2><span data-preserver-spaces=\"true\">A Rare Bollinger Band Signal Prints: BTC To $140,000?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The analyst\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/twitter.com\/TechDev_52\/status\/03332417\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">said<\/span><\/a><span data-preserver-spaces=\"true\"> that historically, when Bitcoin closes two consecutive months above the upper Bollinger Band on the monthly chart, prices tend to double within three months. If this pattern holds, Bitcoin will surge to over $140,000 by July 2024, just three months after the Bitcoin halving event.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/altcoin\/forget-bitcoin-altcoins-set-for-explosive-growth-with-potential-1000x-returns-analyst\/\" target=\"_blank\" rel=\"noopener \">Forget Bitcoin! Altcoins Set For Explosive Growth With Potential 1,000x Returns \u2014 Analyst<\/a><\/div>\n<p><span data-preserver-spaces=\"true\">Bitcoin is trading below $73,800, the all-time high registered in March 2024. However, after weeks of lower lows, the sharp recovery earlier on April 8 suggests buyers could be flowing back. At press time, the coin is changing hands above $71,800, convincingly breaking above the liquidation level of around $72,000.\u00a0<\/span><\/p>\n<figure style=\"width: 1147px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.tradingview.com\/x\/dEXiMO5b\/\" rel=\"nofollow\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/dEXiMO5b\/\" alt=\"Bitcoin price trending upwards on the daily chart | Source: BTCUSDT on Binance, TradingView\" width=\"1147\" height=\"848\"><\/a><figcaption class=\"wp-caption-text\">Bitcoin price trending upwards on the daily chart | Source: <a href=\"https:\/\/www.tradingview.com\/x\/dEXiMO5b\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSDT on Binance, TradingView<\/a><\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Despite the bullish breakout, whether the uptrend continues remains to be seen. Of note is that BTC prices tend to collapse before the Halving, which is set to take place in the coming weeks, dumping to as low as 20%. BTC fell after peaking at $73,800, dropping to around the $60,000 level before snapping back higher to current levels. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">A refreshing close above $74,000 might form the basis of even more gains in the days ahead, perhaps towards $100,000 in the weeks ahead.<\/span><\/p>\n<figure id=\"attachment_602072\" aria-describedby=\"caption-attachment-602072\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-602072\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/GKkR1wnXEAAQRzO.jpg?resize=1024%2C531\" alt=\"BTC might breakout | Source: Analyst on X\" width=\"1024\" height=\"531\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/GKkR1wnXEAAQRzO.jpg?w=1584 1584w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/GKkR1wnXEAAQRzO.jpg?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/GKkR1wnXEAAQRzO.jpg?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/GKkR1wnXEAAQRzO.jpg?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/GKkR1wnXEAAQRzO.jpg?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/GKkR1wnXEAAQRzO.jpg?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/GKkR1wnXEAAQRzO.jpg?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-602072\" class=\"wp-caption-text\">BTC might breakout | Source: Analyst on X<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Another analyst\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/twitter.com\/CryptoMoon2030\/status\/44146402\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">suggests<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0that Bitcoin could rally to $140,000 within four weeks, especially if it follows a similar price pattern to December 2020. After breaking above the $20,000 high of 2017, Bitcoin continued to rally, peaking at around $70,000 for a nearly 3X surge. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Currently, buyers are eyeing the $74,000 mark and the all-time high. If this level is surpassed, as it was in late 2020, the possibility of Bitcoin at least doubling to $140,000 becomes more likely.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Will Halving, Macroeconomic Factors, And Spot ETFs Drive Prices?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The current bullish sentiment might continue. Possible drivers include interest in spot Bitcoin exchange-traded funds (ETFs). So far, billions have been channeled to these products, lifting demand and thus prices. The upcoming Halving event could further buoy demand, lifting prices even higher in the coming months.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/analysis\/xrp\/ripple-ceo-5-trillion-in-2024\/\" target=\"_blank\" rel=\"noopener \">Ripple CEO Makes Bold Prediction For Crypto Market \u2013 $5 Trillion In 2024<\/a><\/div>\n<p><span data-preserver-spaces=\"true\">Beyond Bitcoin-driven fundamentals, analysts are also looking at market events, especially in the United States. Some speculate that the United States Federal Reserve (<a href=\"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-pre-halving-btc-rally-us-fed-decision\/\" target=\"_blank\" rel=\"noopener \">Fed<\/a>) might not slash interest by at least three times this year as labor conditions become firm and inflation slows down. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">If the Fed reduces interest rates, reversing their hawkish outlook, BTC could lead other safe havens in an uptrend.<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Feature image from DALLE, chart from TradingView<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin may be hovering below its all-time highs, but analysts are turning bullish based on a rare chart formation. Taking to X, the analyst observed that BTC has closed two consecutive months above the upper Bollinger Band on the monthly chart.\u00a0 A Rare Bollinger Band Signal Prints: BTC To $140,000? The analyst\u00a0said that historically, when Bitcoin closes two consecutive months above the upper Bollinger Band on the monthly chart, prices tend to double within three months. If this pattern holds, Bitcoin will surge to over $140,000 by July 2024, just three months after the Bitcoin halving event. Related Reading: Forget Bitcoin! Altcoins Set For Explosive Growth With Potential 1,000x Returns \u2014 Analyst Bitcoin is trading below $73,800, the all-time high registered in March 2024. However, after weeks of lower lows, the sharp recovery earlier on April 8 suggests buyers could be flowing back. At press time, the coin is changing hands above $71,800, convincingly breaking above the liquidation level of around $72,000.\u00a0 Despite the bullish breakout, whether the uptrend continues remains to be seen. Of note is that BTC prices tend to collapse before the Halving, which is set to take place in the coming weeks, dumping to as low as 20%. BTC fell after peaking at $73,800, dropping to around the $60,000 level before snapping back higher to current levels. A refreshing close above $74,000 might form the basis of even more gains in the days ahead, perhaps towards $100,000 in the weeks ahead. Another analyst\u00a0suggests\u00a0that Bitcoin could rally to $140,000 within four weeks, especially if it follows a similar price pattern to December 2020. After breaking above the $20,000 high of 2017, Bitcoin continued to rally, peaking at around $70,000 for a nearly 3X surge. Currently, buyers are eyeing the $74,000 mark and the all-time high. If this level is surpassed, as it was in late 2020, the possibility of Bitcoin at least doubling to $140,000 becomes more likely. Will Halving, Macroeconomic Factors, And Spot ETFs Drive Prices? The current bullish sentiment might continue. Possible drivers include interest in spot Bitcoin exchange-traded funds (ETFs). So far, billions have been channeled to these products, lifting demand and thus prices. The upcoming Halving event could further buoy demand, lifting prices even higher in the coming months.\u00a0 Related Reading: Ripple CEO Makes Bold Prediction For Crypto Market \u2013 $5 Trillion In 2024 Beyond Bitcoin-driven fundamentals, analysts are also looking at market events, especially in the United States. Some speculate that the United States Federal Reserve (Fed) might not slash interest by at least three times this year as labor conditions become firm and inflation slows down. If the Fed reduces interest rates, reversing their hawkish outlook, BTC could lead other safe havens in an uptrend. Feature image from DALLE, chart from TradingView<\/p>\n","protected":false},"author":384,"featured_media":602054,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,8856,679,1122,78790,89583],"class_list":["post-602068","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-halving","tag-bitcoin-price","tag-btc-price","tag-btcusdt","tag-spot-bitcoin-etfs"],"acf":[],"yoast_head":"\n<title>Bitcoin Can Reach $140,000 After This Rare Signal Prints: Analyst<\/title>\n<meta name=\"description\" content=\"Bitcoin could double to as high as $140,000 after this rare Bollinger Bands signal printed in the monthly chart\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. 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His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. 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