Silver-Tongue Analyst’s Next Bet for Bitcoin (BTC) as Price Chart Mirrors Bullish Historical Moves
cryptonewsland.com 14 September 2024 10:41, UTC - Bitcoin (BTC) reclaims the $60,000 price mark igniting bullish sentiment.
- Analysts share their predictions for a bullish Q4 led by BTC.
- Two popular and reputed long-term traders share their expectations for BTC.
Bitcoin (BTC) has finally broken past the $60,000 igniting strong bullish sentiments in the crypto space. As traders look to seasoned traders for guidance on what will happen next for BTC price and what they should do, these seasoned traders continue to share chart predictions based on historical action.
No $40,000 Dip for Bitcoin in September?
This is a Bitcoin Halving year and every Bitcoin Halving year the price of BTC bottoms by the month of September and then shoots to set green months in Q4. While some still expect the price of Bitcoin (BTC) to dip to the $40,000 range, others believe BTC price is on a trajectory to set new ATHs in the coming months, head into the bull run phase, and usher altseason.
To add to this bullish narrative, most crypto analysts and long-term traders share insightful observations that support the possibility of massive parabolic moves from BTC. For instance, the popular and reputed Lark Davis shares a noticeable move in the BTC price chart.
Bitcoin has moved once again into the critical area of price resistance. Smash through here and yahoo, but watch for a rejection. Late longs could get punished as they long into resistantance. pic.twitter.com/TGvPpkfgdl
— Lark Davis (@TheCryptoLark) September 14, 2024
Silver-Tongued Analysts Next Prediction
As we can see from the post above, Lark Davis spots Bitcoin moving once again into a critical area of price resistance. He says if the pioneer crypto asset can smash through here then it’s a big upward movement for BTC price. However, he cautions that a possible rejection could lead to harsh resistance.
Similarly, Doctor Profit, a popular crypto analyst known for his many accurate predictions in the crypto space remains adamant that Bitcoin (BTC) will not go to the $40,000 price range. One of his latest predictions to have been fulfilled was that XRP would get an ETF before SOL.
While he has been more accurate than not, he has failed to meet all his predictions and a failure to meet this one could be devastating for his reputation. He ends his latest post with a call to an ongoing bullish sideways movement which will eventually lead to a bullish breakout for Bitcoin (BTC).
