{"id":609437,"date":"2024-05-23T13:00:27","date_gmt":"2024-05-23T13:00:27","guid":{"rendered":"https:\/\/ktsl888.com\/?p=609437"},"modified":"2024-07-11T08:33:36","modified_gmt":"2024-07-11T08:33:36","slug":"deja-vu-bitcoin-price-eyes-repeat-performance-could-hit-140000-by-august-analyst","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/deja-vu-bitcoin-price-eyes-repeat-performance-could-hit-140000-by-august-analyst\/","title":{"rendered":"D\u00e9j\u00e0 Vu? Bitcoin Price Eyes Repeat Performance, Could Hit $140,000 By August &#8211; Analyst"},"content":{"rendered":"<p data-sourcepos=\"5:1-5:134\">With an eye towards 2024 and beyond, recent bitcoin analysis and forecasts from top specialists help to clarify the possible path of the price of the major crypto asset in the next months.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/tiny-pepe-big-dreams-memecoin-explodes-eyes-dominance-in-the-dog-house\/\" target=\"_blank\" rel=\"noopener \">Tiny Pepe, Big Dreams: Memecoin Explodes, Eyes Dominance In The Dog House<\/a><\/div>\n<h2 class=\"mb-2 mt-6 text-lg first:mt-3\"><strong>Market Insights And Price Forecasts For Bitcoin<\/strong><\/h2>\n<p data-sourcepos=\"5:1-5:134\"><span id=\"input-sentence~0\">A variety of price forecasts has surfaced as the crypto world excitedly awaits the direction of Bitcoin.<\/span><span id=\"input-sentence~1\"> Forecasts from eminent people such Arthur Hayes, Messari, Tim Draper, JP Morgan, Berenberg, and VanEck have created a mixed image of what the first cryptocurrency has ahead.<br \/>\n<\/span><\/p>\n<p data-sourcepos=\"5:1-5:134\"><span id=\"input-sentence~1\">While some analysts predict modest predictions, pointing to a price range of roughly $45,000, others are more optimistic, seeing BTC rising to almost $600,000 by 2024. .<\/span><span id=\"input-sentence~2\"><br \/>\n<\/span><\/p>\n<p data-sourcepos=\"5:1-5:134\">These projections are based on a sophisticated knowledge of market dynamics encompassing elements like institutional interest, legislative changes, and the effect of halving events on the supply and demand dynamics of Bitcoin.<\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/GLRX08Os\/\" width=\"1835\" height=\"883\"><figcaption class=\"wp-caption-text\">Bitcoin is now trading at $69,924. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<h2 class=\"mb-2 mt-6 text-lg first:mt-3\"><strong>Historical Analysis And Market Cycle Patterns<\/strong><\/h2>\n<p data-sourcepos=\"5:1-5:134\"><span id=\"input-sentence~2\">By means of historical data and market cycle patterns, researchers have found interesting similarities suggesting notable upward potential for Bitcoin.<\/span><span id=\"input-sentence~3\"> Based on past market cycles, Bitcoin prices have shown a tendency to double in a somewhat short period following surpassing of important all-time highs.<br \/>\n<\/span><\/p>\n<p data-sourcepos=\"5:1-5:134\"><span id=\"input-sentence~3\">Examining earlier cycles\u2014especially the highs in 2013, 2017, and 2021\u2014helps one to see a trend of fast price increase once historical price benchmarks has been broken.<\/span><span id=\"input-sentence~4\"> Based on past performance, Bitcoin might be headed for a significant climb; estimates show a possible doubling in price to about $140,000 in not too distant future.<br \/>\n<\/span><\/p>\n<h3 class=\"mb-2 mt-6 text-lg first:mt-3\"><strong>Expert Opinions And Market Sentiment<\/strong><\/h3>\n<p data-sourcepos=\"5:1-5:134\"><span id=\"input-sentence~4\">Experts and analysts keep providing insightful analysis of the changing terrain of cryptocurrency marketplaces among the rush of price forecasts and market studies.<\/span><span id=\"input-sentence~5\"> Prominent personalities including Alphanalysis and Will Woo have offered their opinions on the price movement of Bitcoin, therefore stressing the need of market corrections, accumulation stages, and the slow rise towards new all-time highs.<br \/>\n<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">In 2017 the price of Bitcoin doubled in just 4 weeks after it established brand new all time highs.<\/p>\n<p>In 2021 the price of Bitcoin doubled in just 4 weeks after it established brand new all time highs.<\/p>\n<p>In 2024 the same action would imply a $138,000 price by the end of June.\ud83d\ude80\ud83c\udf1b <a href=\"https:\/\/t.co\/4kOBPa6y11\" rel=\"nofollow\">pic.twitter.com\/4kOBPa6y11<\/a><\/p>\n<p>\u2014 alphanalysis.io (@Sawcruhteez) <a href=\"https:\/\/twitter.com\/Sawcruhteez\/status\/05501140?ref_src=twsrc%5Etfw\" rel=\"nofollow\">May 22, 2024<\/a><\/p><\/blockquote>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/next-big-move-for-bitcoin-analysts-predict-a-potential-breakout-at-71500\/\" target=\"_blank\" rel=\"noopener \">Next Big Move For Bitcoin: Analysts Predict A Potential Breakout At $71,500<\/a><\/div>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">While everyone was freaking out that <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Bitcoin<\/a> price was not rising the last 2 months, available BTC was quietly being scooped up, and importantly without paper BTC printed in its place.<\/p>\n<p>Last time I&#8217;ll say it&#8230; It&#8217;s only a matter of time before BTC squeezes past all-time-highs. <a href=\"https:\/\/t.co\/j2FJs7bSpc\" rel=\"nofollow\">https:\/\/t.co\/j2FJs7bSpc<\/a> <a href=\"https:\/\/t.co\/HoPSSJfHqz\" rel=\"nofollow\">pic.twitter.com\/HoPSSJfHqz<\/a><\/p>\n<p>\u2014 Willy Woo (@woonomic) <a href=\"https:\/\/twitter.com\/woonomic\/status\/81782637?ref_src=twsrc%5Etfw\" rel=\"nofollow\">May 22, 2024<\/a><\/p><\/blockquote>\n<h3 data-sourcepos=\"5:1-5:134\"><strong>Bitcoin Price Prediction<\/strong><\/h3>\n<p data-sourcepos=\"5:1-5:134\"><span id=\"input-sentence~7\">In the most current prediction of CoinCodex for the price of Bitcoin, however, it shows that by June 22, 2024, the price will rise by 27% to reach $88,997.<\/span><span id=\"input-sentence~8\"> With the Fear &amp; Greed Index reading 76, which denotes high greed, this technical indicator shows that the present mood is optimistic.<br \/>\n<\/span><\/p>\n<figure id=\"attachment_609442\" aria-describedby=\"caption-attachment-609442\" style=\"width: 495px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-609442 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/a_259cd5.png?resize=495%2C182\" alt=\"\" width=\"495\" height=\"182\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/a_259cd5.png?w=495 495w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/a_259cd5.png?w=460 460w\" sizes=\"(max-width: 495px) 100vw, 495px\"><figcaption id=\"caption-attachment-609442\" class=\"wp-caption-text\">BTC price forecast based on technical analysis. Source: <a href=\"https:\/\/coincodex.com\/crypto\/bitcoin\/price-prediction\/\" rel=\"nofollow\">CoinCodex <\/a><\/figcaption><\/figure>\n<p data-sourcepos=\"5:1-5:134\"><span id=\"input-sentence~8\">With 12 out of 30 (or 40%) green days, Bitcoin&#8217;s price swung by 4.47% during the last 30 days.<\/span><span id=\"input-sentence~9\"> According to the Bitcoin projection, now is a good time to buy the bitcoin.<br \/>\n<\/span><\/p>\n<p>With 84% technical analysis indicators showing positive signals and 16% exhibiting negative signals, latest data <a href=\"https:\/\/coincodex.com\/crypto\/bitcoin\/price-prediction\/\" rel=\"nofollow\">suggests that general mood<\/a> on Bitcoin price prediction is optimistic.<\/p>\n<p data-sourcepos=\"5:1-5:134\"><em>Featured image from NPR, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With an eye towards 2024 and beyond, recent bitcoin analysis and forecasts from top specialists help to clarify the possible path of the price of the major crypto asset in the next months. Related Reading: Tiny Pepe, Big Dreams: Memecoin Explodes, Eyes Dominance In The Dog House Market Insights And Price Forecasts For Bitcoin A variety of price forecasts has surfaced as the crypto world excitedly awaits the direction of Bitcoin. Forecasts from eminent people such Arthur Hayes, Messari, Tim Draper, JP Morgan, Berenberg, and VanEck have created a mixed image of what the first cryptocurrency has ahead. While some analysts predict modest predictions, pointing to a price range of roughly $45,000, others are more optimistic, seeing BTC rising to almost $600,000 by 2024. . These projections are based on a sophisticated knowledge of market dynamics encompassing elements like institutional interest, legislative changes, and the effect of halving events on the supply and demand dynamics of Bitcoin. Historical Analysis And Market Cycle Patterns By means of historical data and market cycle patterns, researchers have found interesting similarities suggesting notable upward potential for Bitcoin. Based on past market cycles, Bitcoin prices have shown a tendency to double in a somewhat short period following surpassing of important all-time highs. Examining earlier cycles\u2014especially the highs in 2013, 2017, and 2021\u2014helps one to see a trend of fast price increase once historical price benchmarks has been broken. Based on past performance, Bitcoin might be headed for a significant climb; estimates show a possible doubling in price to about $140,000 in not too distant future. Expert Opinions And Market Sentiment Experts and analysts keep providing insightful analysis of the changing terrain of cryptocurrency marketplaces among the rush of price forecasts and market studies. Prominent personalities including Alphanalysis and Will Woo have offered their opinions on the price movement of Bitcoin, therefore stressing the need of market corrections, accumulation stages, and the slow rise towards new all-time highs. In 2017 the price of Bitcoin doubled in just 4 weeks after it established brand new all time highs. In 2021 the price of Bitcoin doubled in just 4 weeks after it established brand new all time highs. In 2024 the same action would imply a $138,000 price by the end of June.\ud83d\ude80\ud83c\udf1b pic.twitter.com\/4kOBPa6y11 \u2014 alphanalysis.io (@Sawcruhteez) May 22, 2024 Related Reading: Next Big Move For Bitcoin: Analysts Predict A Potential Breakout At $71,500 While everyone was freaking out that #Bitcoin price was not rising the last 2 months, available BTC was quietly being scooped up, and importantly without paper BTC printed in its place. Last time I&#8217;ll say it&#8230; It&#8217;s only a matter of time before BTC squeezes past all-time-highs. https:\/\/t.co\/j2FJs7bSpc pic.twitter.com\/HoPSSJfHqz \u2014 Willy Woo (@woonomic) May 22, 2024 Bitcoin Price Prediction In the most current prediction of CoinCodex for the price of Bitcoin, however, it shows that by June 22, 2024, the price will rise by 27% to reach $88,997. With the Fear &amp; Greed Index reading 76, which denotes high greed, this technical indicator shows that the present mood is optimistic. With 12 out of 30 (or 40%) green days, Bitcoin&#8217;s price swung by 4.47% during the last 30 days. According to the Bitcoin projection, now is a good time to buy the bitcoin. With 84% technical analysis indicators showing positive signals and 16% exhibiting negative signals, latest data suggests that general mood on Bitcoin price prediction is optimistic. Featured image from NPR, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":609463,"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":[428,656,1144,14690,1558,11],"class_list":["post-609437","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-news","tag-btcusd","tag-crypto-news","tag-cryptocurrency","tag-news"],"acf":[],"yoast_head":"\n<title>Bitcoin Eyes Repeat Performance, Could Hit $140,000 By August<\/title>\n<meta name=\"description\" content=\"With an eye towards 2024 and beyond, recent bitcoin analysis and forecasts from top specialists help to clarify the possible path of the price of the\" \/>\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\/deja-vu-bitcoin-price-eyes-repeat-performance-could-hit-140000-by-august-analyst\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Eyes Repeat Performance, Could Hit $140,000 By August\" \/>\n<meta property=\"og:description\" content=\"With an eye towards 2024 and beyond, recent bitcoin analysis and forecasts from top specialists help to clarify the possible path of the price of the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/deja-vu-bitcoin-price-eyes-repeat-performance-could-hit-140000-by-august-analyst\/\" \/>\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=\"2024-05-23T13:00:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-11T08:33:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/a_55aaea.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Christian Encila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Encila\" \/>\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\/deja-vu-bitcoin-price-eyes-repeat-performance-could-hit-140000-by-august-analyst\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/deja-vu-bitcoin-price-eyes-repeat-performance-could-hit-140000-by-august-analyst\/\"},\"author\":{\"name\":\"Christian Encila\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\"},\"headline\":\"D\u00e9j\u00e0 Vu? 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.\",\"sameAs\":[\"jomarjet01\"],\"url\":\"https:\/\/ktsl888.com\/author\/jomarjet01\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Eyes Repeat Performance, Could Hit $140,000 By August","description":"With an eye towards 2024 and beyond, recent bitcoin analysis and forecasts from top specialists help to clarify the possible path of the price of the","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\/deja-vu-bitcoin-price-eyes-repeat-performance-could-hit-140000-by-august-analyst\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Eyes Repeat Performance, Could Hit $140,000 By August","og_description":"With an eye towards 2024 and beyond, recent bitcoin analysis and forecasts from top specialists help to clarify the possible path of the price of the","og_url":"https:\/\/ktsl888.com\/news\/deja-vu-bitcoin-price-eyes-repeat-performance-could-hit-140000-by-august-analyst\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-05-23T13:00:27+00:00","article_modified_time":"2024-07-11T08:33:36+00:00","og_image":[{"width":1024,"height":768,"url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/a_55aaea.png","type":"image\/png"}],"author":"Christian Encila","twitter_card":"summary_large_image","twitter_creator":"@newsbtc","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Christian Encila","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ktsl888.com\/news\/deja-vu-bitcoin-price-eyes-repeat-performance-could-hit-140000-by-august-analyst\/#article","isPartOf":{"@id":"https:\/\/ktsl888.com\/news\/deja-vu-bitcoin-price-eyes-repeat-performance-could-hit-140000-by-august-analyst\/"},"author":{"name":"Christian Encila","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80"},"headline":"D\u00e9j\u00e0 Vu? 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"D\u00e9j\u00e0 Vu? 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