{"id":640870,"date":"2024-09-10T12:00:42","date_gmt":"2024-09-10T12:00:42","guid":{"rendered":"https:\/\/ktsl888.com\/?p=640870"},"modified":"2024-09-10T05:09:50","modified_gmt":"2024-09-10T05:09:50","slug":"bitcoin-will-break-90000-q4","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-will-break-90000-q4\/","title":{"rendered":"Analysts Say Bitcoin Will Break $90,000 In Q4 2024 But This Must Happen First"},"content":{"rendered":"<p class=\"p2\">Predictions for the <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-rebounds-55500\/\">Bitcoin price have been all over the place<\/a>, especially when it comes to whether the cryptocurrency can hit a new all-time high after the crash. While bearish sentiments remain strong, there are still analysts who believe that bullish times are on the way for the pioneer cryptocurrency. Bernstein analysts have fallen into the bullish camp, as they predict that the Bitcoin price can actually break $90,000, but there\u2019s a caveat to this prediction.<\/p>\n<h2 class=\"p2\">Donald Trump Needs To Win US Presidential Elections<\/h2>\n<p class=\"p2\">Bernstein analysts recently revealed that they still believe that <a href=\"https:\/\/ktsl888.com\/news\/heres-why-bitcoin-price-crashed-below-54000\/\">the Bitcoin price<\/a> can rally toward $100,000 from here. However, the event in which this could happen is heavily tied to the highly anticipated United States presidential elections scheduled to take place on Tuesday, November 5, 2024.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/dogecoin\/dogecoin-rise-3600-to-3-7\/\">Crypto Analyst Predicts Dogecoin Will Rise 3,600% To $3.7, Here\u2019s When<\/a><\/div>\n<p class=\"p2\">In a note to clients on Monday, the analysts, Mahika Sapra, Sanskar Chindalia, and Gautam Chhugani, have brought it down to a preferred candidate and that is former president Donald Trump. According to the analysts, Donald Trump emerging as the next president of the United States would be great for the Bitcoin price.<\/p>\n<p class=\"p2\">This is because Trump has been very vocal about his support of the crypto industry, holding a couple of millions of dollars worth of cryptocurrency himself. They explained that a victory for <a href=\"https:\/\/ktsl888.com\/bitcoin-news\/trumps-vision-america-to-reign-as-crypto-bitcoin-epicenter-latest-statement-reveals\/\">Donald Trump would push the price higher<\/a>, putting it somewhere win the range of $80,000 to $90,000 by the fourth quarter of 2024.<\/p>\n<p class=\"p2\">In contrast, they believe that a win for Democratic candidate, Vice President Kamala Harris, would be very bearish for the crypto industry. In fact, they forecast a notable crash in the Bitcoin price if Harris were to emerge victorious over Donald Trump. The target here is <a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/arthur-hayes-bitcoin-price-crash-below-50000-this-weekend\/\">a fall below $50,000<\/a>, and possibly reaching as low as $30,000 in the subsequent crash.<\/p>\n<h2 class=\"p2\">Trump Favors Bitcoin<\/h2>\n<p class=\"p2\">When it comes to Bitcoin, Donald Trump has been the most vocal candidate, even going as far as to <a href=\"https:\/\/bitcoinist.com\/donald-trump-bitcoin-stockpile-faces-backlash\/\" rel=\"nofollow\">propose a national Bitcoin stockpile<\/a>, which is basically a repository for the BTC held by the government. The proposal drew criticism from industry leaders who believe that it could lead to a diversion of seized crypto funds from their intended purpose. However, the message in the proposal has already been passed, and that is Donald Trump\u2019s support for Bitcoin.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-falling-wedge-3000\/\">Ethereum Forms Falling Wedge Pattern That Could Send Price To $3,000<\/a><\/div>\n<p class=\"p2\">Other initatives that have been led by the Republican candidate including <a href=\"https:\/\/bitcoinist.com\/donald-trump-releases-4th-nft-collection\/\" rel=\"nofollow\">four non-fungible tokens (NFT) collections <\/a>released on the Bitcoin Ordinals protocol. Donald Trump also launched a Bitcoin-themed sneaker line in early August, after delivering a keynote speech at the 2024 Bitcoin conference.<\/p>\n<p class=\"p2\">To top it all off, Trump has <a href=\"https:\/\/bitcoinist.com\/donald-trump-touts-bitcoin-strategic-reserve-asset\/\" rel=\"nofollow\">previously stated<\/a> that he believes that Bitcoin could be a strategic reserve asset for the United States. All of the above have led investors to believe that a win for Donald Trump in November would be a win for crypto.<\/p>\n<figure style=\"width: 3286px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/qHO1xQHK\/\" alt=\"Bitcoin price chart from Tradingview.com\" width=\"3286\" height=\"1450\"><figcaption class=\"wp-caption-text\">BTC price stuck in a battle between bulls and bears | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">BTCUSD on Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Predictions for the Bitcoin price have been all over the place, especially when it comes to whether the cryptocurrency can hit a new all-time high after the crash. While bearish sentiments remain strong, there are still analysts who believe that bullish times are on the way for the pioneer cryptocurrency. Bernstein analysts have fallen into the bullish camp, as they predict that the Bitcoin price can actually break $90,000, but there\u2019s a caveat to this prediction. Donald Trump Needs To Win US Presidential Elections Bernstein analysts recently revealed that they still believe that the Bitcoin price can rally toward $100,000 from here. However, the event in which this could happen is heavily tied to the highly anticipated United States presidential elections scheduled to take place on Tuesday, November 5, 2024. Related Reading: Crypto Analyst Predicts Dogecoin Will Rise 3,600% To $3.7, Here\u2019s When In a note to clients on Monday, the analysts, Mahika Sapra, Sanskar Chindalia, and Gautam Chhugani, have brought it down to a preferred candidate and that is former president Donald Trump. According to the analysts, Donald Trump emerging as the next president of the United States would be great for the Bitcoin price. This is because Trump has been very vocal about his support of the crypto industry, holding a couple of millions of dollars worth of cryptocurrency himself. They explained that a victory for Donald Trump would push the price higher, putting it somewhere win the range of $80,000 to $90,000 by the fourth quarter of 2024. In contrast, they believe that a win for Democratic candidate, Vice President Kamala Harris, would be very bearish for the crypto industry. In fact, they forecast a notable crash in the Bitcoin price if Harris were to emerge victorious over Donald Trump. The target here is a fall below $50,000, and possibly reaching as low as $30,000 in the subsequent crash. Trump Favors Bitcoin When it comes to Bitcoin, Donald Trump has been the most vocal candidate, even going as far as to propose a national Bitcoin stockpile, which is basically a repository for the BTC held by the government. The proposal drew criticism from industry leaders who believe that it could lead to a diversion of seized crypto funds from their intended purpose. However, the message in the proposal has already been passed, and that is Donald Trump\u2019s support for Bitcoin. Related Reading: Ethereum Forms Falling Wedge Pattern That Could Send Price To $3,000 Other initatives that have been led by the Republican candidate including four non-fungible tokens (NFT) collections released on the Bitcoin Ordinals protocol. Donald Trump also launched a Bitcoin-themed sneaker line in early August, after delivering a keynote speech at the 2024 Bitcoin conference. To top it all off, Trump has previously stated that he believes that Bitcoin could be a strategic reserve asset for the United States. All of the above have led investors to believe that a win for Donald Trump in November would be a win for crypto. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":640877,"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-640870","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":"\n<title>Analysts Say Bitcoin Will Break $90,000 In Q4 2024 But This Must Happen First<\/title>\n<meta name=\"description\" content=\"Predictions for the Bitcoin price have been all over the place, especially when it comes to whether the 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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. 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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. 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