Bitcoin has been experiencing a bullish trend as of late September 2024, with analysts pointing towards significant price movements in the near future
Bitcoin has been experiencing a bullish trend as of late September 2024, with analysts pointing towards significant price movements in the near future. Crypto expert predictions suggest that Bitcoin could potentially break the $68,000 resistance level soon, following strong September performances historically known to lead to gains in subsequent months. As of mid-September, Bitcoin was trading around $62,152, reflecting a 3.6% increase in 24 hours(
)(
Analysts are also optimistic about a potential major breakout, driven by factors such as rising global liquidity and the increasing popularity of Bitcoin ETFs. Some predict Bitcoin could reach up to $86,000, assuming the current megaphone pattern on its technical charts plays out(
).
This period has been marked by strong institutional interest, especially in Bitcoin ETFs, which have seen positive inflows(
). If Bitcoin maintains its momentum, the last quarter of 2024 could witness even more significant price surges.
