{"id":624260,"date":"2024-06-12T15:30:00","date_gmt":"2024-06-12T15:30:00","guid":{"rendered":"https:\/\/uniquehot.com\/?p=624260"},"modified":"2024-06-12T14:55:40","modified_gmt":"2024-06-12T14:55:40","slug":"bitcoin-price-6-digit-ath","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-price-6-digit-ath\/","title":{"rendered":"Bitcoin Price Prediction: Major Analysts Say BTC Is Headed For 6-Digit ATH"},"content":{"rendered":"

Major crypto analysts<\/span><\/a> have weighed in on the <\/span>Bitcoin future trajectory<\/span><\/a>, especially as the flagship crypto has maintained a tepid price action and has continued to consolidate since the halving took place. These analysts predict that Bitcoin will soon rise and climb to a six-digit <\/span>all-time high (ATH)<\/span><\/a>.\u00a0<\/span><\/p>\n

Bitcoin To Rise To $100,000<\/h2>\n

Crypto analyst CrediBULL Crypto<\/span><\/a> predicted in an X (formerly Twitter) <\/span>post<\/span><\/a> that Bitcoin would <\/span>rise to $100,000<\/span><\/a> on its next leg up. He claimed that this upward trend would begin in the next seven to ten days, stating that BTC will \u201cabsolutely giga send\u201d when that time comes. The analyst made these remarks while suggesting that the worst was over for Bitcoin.\u00a0<\/span><\/p>\n

Related Reading: Ethereum Buying Pressure Reaches Critical Level Amid Massive Whale Buying<\/a><\/div>\n

He alluded to the \u201cbrutal\u201d price correction that Bitcoin underwent shortly before and after the <\/span>halving<\/span><\/a>, with the flagship crypto experiencing a 20% price drop. As such, he believes that BTC is unlikely to decline that much again from its current price level.\u00a0<\/span><\/p>\n

Instead, CrediBULL Crypto claimed that the downside is now limited to $60,000 and that, realistically, Bitcoin can\u2019t drop below $62,000 and $63,000. Whatever happens, he expects the Bitcoin pump to begin in the next ten days, which would <\/span>send it to $100,000<\/span><\/a>.\u00a0\u00a0<\/span><\/p>\n

In another X post, CrediBULL Crypto stated that things were looking good for Bitcoin. He suggested that the bears would get shaken out of their positions once Bitcoin clears the asks that are above its current price level. He also noted that <\/span>Bitcoin\u2019s open interest<\/span><\/a> is dropping a bit because the short positions are already starting to cover, and the spot premium is returning for the first time since May 20th.\u00a0<\/span><\/p>\n

\"Bitcoin
Source: X<\/figcaption><\/figure>\n

Interestingly, CrediBULL had <\/span>earlier predicted<\/span><\/a> that Bitcoin would experience a price decline to $66,000. He had made this prediction as part of a bigger picture, which would send BTC’s price rallying above $71,000 following the price correction. Seeing as the drop to $66,000 has occurred, CrediBULL suggested that it was time for the upward trend to begin.\u00a0<\/span><\/p>\n

\"Bitcoin
Source: X<\/figcaption><\/figure>\n

BitcBTCoin Still Headed For $173,000<\/h2>\n

Crypto analyst Egrag Crypto<\/span><\/a> has given a more bullish price for prediction, <\/span>stating<\/span><\/a> that the next target for the flagship crypto is $173,000. He made this assertion while noting that Bitcoin\u2019s current price action is currently mirroring its price action in the <\/span>2017 market cycle<\/span><\/a>, consolidating around Fib 1.0 just like it did back then.\u00a0<\/span><\/p>\n

Related Reading: Crypto Analyst Identifies 5 Altcoins To Buy That Could Be A Good Bet<\/a><\/div>\n
\"Bitcoin
Source: X<\/figcaption><\/figure>\n

He highlighted that Bitcoin had four monthly candles followed by an \u201cexplosive fifth one\u201d back in 2017. According to Egrag, the same thing is happening again, with Bitcoin already showing four monthly candles while consolidating around its <\/span>previous ATH<\/span><\/a>. As such, he believes the explosive fifth candle <\/span>will come in July<\/span><\/a>, just like in 2017.\u00a0<\/span><\/p>\n

\"Bitcoin
BTC price recovers to $69,800 | Source: BTCUSD on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Major crypto analysts have weighed in on the Bitcoin future trajectory, especially as the flagship crypto has maintained a tepid price action and has continued to consolidate since the halving took place. These analysts predict that Bitcoin will soon rise and climb to a six-digit all-time high (ATH).\u00a0 Bitcoin To Rise To $100,000 Crypto analyst CrediBULL Crypto predicted in an X (formerly Twitter) post that Bitcoin would rise to $100,000 on its next leg up. He claimed that this upward trend would begin in the next seven to ten days, stating that BTC will \u201cabsolutely giga send\u201d when that time comes. The analyst made these remarks while suggesting that the worst was over for Bitcoin.\u00a0 Related Reading: Ethereum Buying Pressure Reaches Critical Level Amid Massive Whale Buying He alluded to the \u201cbrutal\u201d price correction that Bitcoin underwent shortly before and after the halving, with the flagship crypto experiencing a 20% price drop. As such, he believes that BTC is unlikely to decline that much again from its current price level.\u00a0 Instead, CrediBULL Crypto claimed that the downside is now limited to $60,000 and that, realistically, Bitcoin can\u2019t drop below $62,000 and $63,000. Whatever happens, he expects the Bitcoin pump to begin in the next ten days, which would send it to $100,000.\u00a0\u00a0 In another X post, CrediBULL Crypto stated that things were looking good for Bitcoin. He suggested that the bears would get shaken out of their positions once Bitcoin clears the asks that are above its current price level. He also noted that Bitcoin\u2019s open interest is dropping a bit because the short positions are already starting to cover, and the spot premium is returning for the first time since May 20th.\u00a0 Interestingly, CrediBULL had earlier predicted that Bitcoin would experience a price decline to $66,000. He had made this prediction as part of a bigger picture, which would send BTC’s price rallying above $71,000 following the price correction. Seeing as the drop to $66,000 has occurred, CrediBULL suggested that it was time for the upward trend to begin.\u00a0 BitcBTCoin Still Headed For $173,000 Crypto analyst Egrag Crypto has given a more bullish price for prediction, stating that the next target for the flagship crypto is $173,000. He made this assertion while noting that Bitcoin\u2019s current price action is currently mirroring its price action in the 2017 market cycle, consolidating around Fib 1.0 just like it did back then.\u00a0 Related Reading: Crypto Analyst Identifies 5 Altcoins To Buy That Could Be A Good Bet He highlighted that Bitcoin had four monthly candles followed by an \u201cexplosive fifth one\u201d back in 2017. According to Egrag, the same thing is happening again, with Bitcoin already showing four monthly candles while consolidating around its previous ATH. As such, he believes the explosive fifth candle will come in July, just like in 2017.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":624287,"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-624260","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":"\nBitcoin Price Prediction: Major Analysts Say BTC Is Headed For 6-Digit ATH<\/title>\n<meta name=\"description\" content=\"Major crypto analysts have 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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. 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. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price Prediction: Major Analysts Say BTC Is Headed For 6-Digit ATH","url":"http:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-price-6-digit-ath\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-price-6-digit-ath\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/Bitcoin-2-1.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/Bitcoin-2-1.jpeg?fit=1792%2C1024"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","bitcoin","bitcoin news","bitcoin price","btc","btc news","btc price","btcusd","btcusdt","crypto","crypto analyst","crypto news"],"dateCreated":"2024-06-12T15:30:00Z","datePublished":"2024-06-12T15:30:00Z","dateModified":"2024-06-12T15:30:00Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Prediction: Major Analysts Say BTC Is Headed For 6-Digit ATH\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin\\\/bitcoin-price-6-digit-ath\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin\\\/bitcoin-price-6-digit-ath\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Bitcoin-2-1.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Bitcoin-2-1.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\",\"crypto\",\"crypto analyst\",\"crypto news\"],\"dateCreated\":\"2024-06-12T15:30:00Z\",\"datePublished\":\"2024-06-12T15:30:00Z\",\"dateModified\":\"2024-06-12T15:30:00Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/Bitcoin-2-1.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/624260"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=624260"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/624260\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/624287"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=624260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=624260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=624260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}