{"id":553568,"date":"2023-09-29T18:00:36","date_gmt":"2023-09-29T18:00:36","guid":{"rendered":"https:\/\/uniquehot.com\/?p=553568"},"modified":"2024-06-11T07:06:12","modified_gmt":"2024-06-11T07:06:12","slug":"bitcoin-eyes-turnaround-could-a-new-all-time-high","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-eyes-turnaround-could-a-new-all-time-high\/","title":{"rendered":"Bitcoin Eyes Turnaround: Could A New All-Time High Be On The Horizon? Analyst Predicts"},"content":{"rendered":"

Crypto Rover, a seasoned cryptocurrency trader and analyst, has recently shared<\/a> insights suggesting that Bitcoin’s current trajectory may change. Based on the latest technical analysis, Bitcoin might soon paint a brighter, bullish picture.<\/span><\/p>\n

Bitcoin\u00a0Break From The Bearish Shackles<\/span><\/h2>\n

In his recent analysis, Crypto Rover explained Bitcoin’s price action shift. It’s been noted that the leading crypto is making headway in breaking a longstanding negative trend<\/a> that has persisted for 77 days. <\/span>This shift marks a monumental moment for Bitcoin, which had been entrapped in bearish confines for a considerable duration.<\/span><\/p>\n

Related Reading: Bitcoin\u2019s Hidden Threat? Miner Revenue Sent To Exchanges Surges Over 300%<\/a><\/div>\n

Crypto Rover’s assertions are not without merit. The analyst anticipates a more concrete bullish reversal if BTC sustains a break above the $27,200 mark. <\/span>It is worth noting that the achievement of such a feat could give traders and investors the confidence to venture deeper into BTC, given the positive momentum. <\/span><\/p>\n

Beyond this threshold, Rover further disclosed that a breach above the $31,000 level would serve as an “unmistakably” bullish beacon, potentially propelling Bitcoin to scale new all-time highs.<\/span><\/p>\n

In a broader context, BTC seems to be making efforts to break free from its bearish constraints. While its price has mostly ranged between $26,000 and $27,000 zone over the past week, its market capitalization<\/a> has notably increased by more than $5 billion.<\/span><\/p>\n

BTC’s 4-hour chart suggests it’s in a consolidation phase. This could indicate that the top crypto may be bracing for a significant move<\/a>, as such phases often signal that the market makers are determining the next potential price trajectory.<\/span><\/p>\n

\"Bitcoin
Bitcoin (BTC) price is moving sideways on the 4-hour chart. Source: BTC\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Bitcoin is priced at $26,844, witnessing a nearly 1% drop over the last 24 hours. Its 24-hour trading volume is $15.5 billion, a considerable uptick from the $9.9 billion seen just last Friday.<\/span><\/p>\n

Anticipation Of Regulatory Winds Of Change<\/span><\/h2>\n

Furthermore, it’s not only the charts that dictate the potential bullish swing for Bitcoin. An undercurrent of fundamental factors plays into this optimistic outlook<\/a> as well. <\/span><\/p>\n

At the core of this optimism is the anticipation surrounding the US Securities and Exchange Commission (SEC) and their forthcoming decisions on Bitcoin spot exchange-traded fund (ETF) applications.<\/span><\/p>\n

Recently, the SEC deferred its decision<\/a> on the BTC spot ETF application from Blackrock, one of the world’s leading fund managers. However, Crypto Rover believes that this approval, when it comes, could set off a “domino effect.”<\/span><\/p>\n

Related Reading: Bitcoin In Spotlight: Robert Kiyosaki Questions BTC\u2019s Future Amid Citibank\u2019s Blockchain Play<\/a><\/div>\n

According to the analyst, should Blackrock gain the coveted SEC nod, it may pave the way for subsequent approvals for other major institutional players<\/a>. Such a sequence of green lights could fuel a substantial BTC rally, further solidifying its bullish stance.<\/span><\/p>\n

Featured image from iStock, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

Crypto Rover, a seasoned cryptocurrency trader and analyst, has recently shared insights suggesting that Bitcoin’s current trajectory may change. Based on the latest technical analysis, Bitcoin might soon paint a brighter, bullish picture. Bitcoin\u00a0Break From The Bearish Shackles In his recent analysis, Crypto Rover explained Bitcoin’s price action shift. It’s been noted that the leading crypto is making headway in breaking a longstanding negative trend that has persisted for 77 days. This shift marks a monumental moment for Bitcoin, which had been entrapped in bearish confines for a considerable duration. Related Reading: Bitcoin\u2019s Hidden Threat? Miner Revenue Sent To Exchanges Surges Over 300% Crypto Rover’s assertions are not without merit. The analyst anticipates a more concrete bullish reversal if BTC sustains a break above the $27,200 mark. It is worth noting that the achievement of such a feat could give traders and investors the confidence to venture deeper into BTC, given the positive momentum. Beyond this threshold, Rover further disclosed that a breach above the $31,000 level would serve as an “unmistakably” bullish beacon, potentially propelling Bitcoin to scale new all-time highs. In a broader context, BTC seems to be making efforts to break free from its bearish constraints. While its price has mostly ranged between $26,000 and $27,000 zone over the past week, its market capitalization has notably increased by more than $5 billion. BTC’s 4-hour chart suggests it’s in a consolidation phase. This could indicate that the top crypto may be bracing for a significant move, as such phases often signal that the market makers are determining the next potential price trajectory. Bitcoin is priced at $26,844, witnessing a nearly 1% drop over the last 24 hours. Its 24-hour trading volume is $15.5 billion, a considerable uptick from the $9.9 billion seen just last Friday. Anticipation Of Regulatory Winds Of Change Furthermore, it’s not only the charts that dictate the potential bullish swing for Bitcoin. An undercurrent of fundamental factors plays into this optimistic outlook as well. At the core of this optimism is the anticipation surrounding the US Securities and Exchange Commission (SEC) and their forthcoming decisions on Bitcoin spot exchange-traded fund (ETF) applications. Recently, the SEC deferred its decision on the BTC spot ETF application from Blackrock, one of the world’s leading fund managers. However, Crypto Rover believes that this approval, when it comes, could set off a “domino effect.” Related Reading: Bitcoin In Spotlight: Robert Kiyosaki Questions BTC\u2019s Future Amid Citibank\u2019s Blockchain Play According to the analyst, should Blackrock gain the coveted SEC nod, it may pave the way for subsequent approvals for other major institutional players. Such a sequence of green lights could fuel a substantial BTC rally, further solidifying its bullish stance. Featured image from iStock, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":521312,"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":[167,428,1119,78790,6664],"class_list":["post-553568","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-analyst","tag-bitcoin","tag-btc","tag-btcusdt","tag-crypto"],"acf":[],"yoast_head":"\nBitcoin Eyes Turnaround: Could A New All-Time High Be On The Horizon? 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/uniquehot.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Eyes Turnaround: Could A New All-Time High Be On The Horizon? 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