{"id":651855,"date":"2024-11-07T00:01:21","date_gmt":"2024-11-07T00:01:21","guid":{"rendered":"https:\/\/uniquehot.com\/?p=651855"},"modified":"2024-11-06T11:34:14","modified_gmt":"2024-11-06T11:34:14","slug":"crypto-analys-bitcoin-price","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin\/crypto-analys-bitcoin-price\/","title":{"rendered":"This Crypto Analyst Correctly Predicted The Bitcoin Price Rise To $75,000, Here’s The Full Prediction"},"content":{"rendered":"

The Bitcoin price has <\/span>hit<\/span><\/a> a new All-Time High (ATH), marking a historical milestone in the crypto market. With a remarkable rally surpassing $75,000, Bitcoin is <\/span>experiencing considerable momentum<\/span><\/a>, driven primarily by market sentiment surrounding the <\/span>US elections<\/span><\/a>. A crypto analyst who had accurately predicted Bitcoin\u2019s rise to $75,000 has now set a new price target for the pioneer cryptocurrency, anticipating further bullish movement.<\/span><\/p>\n

Analyst Set $170,000 Price ATH For The Bitcoin Price<\/h2>\n

TradingShot, a crypto analyst on TradingView, has <\/span>released<\/span><\/a> a brief Bitcoin analysis report, referencing historical trends to predict <\/span>a new all-time high<\/span><\/a> of $170,000 for Bitcoin. Sharing a price chart depicting Bitcoin\u2019s price movements from 2022 to the present, the analyst disclosed that on August 5, Bitcoin was testing the 1-week Moving Average (MA50), a level that has never been reached since March 12, 2003.<\/span><\/p>\n

Related Reading: Dogecoin Price Marks Local Bottom, Can Price Run 100% From Here Again?<\/a><\/div>\n

In previous market cycles, this crucial level was the absolute supporting trendline that signaled a potential bull market. TradingShot revealed that after almost 20 years, <\/span>the Bitcoin price<\/span><\/a> was finally able to hold this key trendline not once but twice, leading to its <\/span>last-week rally<\/span><\/a> that saw its price testing the $73,800 mark.\u00a0<\/span><\/p>\n

The analyst also highlighted that this price surge was an incredibly bullish move, indicating a strong market for Bitcoin. Moreover, the $73,800 Bitcoin price increase occurred just two days before the US Presidential elections, a period <\/span>historically known to trigger explosive rallies<\/span><\/a> for Bitcoin.<\/span><\/p>\n

Market expert Crypto Rover on X (formerly Twitter)<\/span> notes<\/span><\/a> that Bitcoin has experienced a total average price pump of 1,563% following the previous US elections. In 2016, Bitcoin rallied 2,714%, exceeding $15,000 after the <\/span>US Presidential elections<\/span><\/a>. Similarly, in 2020, the cryptocurrency soared over 400%, surpassing $40,000 after the elections. Now, Bitcoin is clearly on a significant uptrend after the just-concluded US presidential elections on November 4.\u00a0<\/span><\/p>\n

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

Given the timing of these rallies, TradingShot has suggested that a similar pattern may be repeating, implying that Bitcoin could be entering a period of explosive growth. Based on chart analysis and Fibonacci levels, the analyst has projected a new target of $170,000 for Bitcoin, representing approximately 1.618 <\/span>Fibonacci extensions<\/span><\/a> from its current ATH.\u00a0<\/span><\/p>\n

With the Bitcoin price currently trading at $73,715, having <\/span>given up some gains<\/span><\/a>, a surge to $170,000 would represent a 130,55% increase.\u00a0<\/span><\/p>\n

BTC Finally Hits Anticipated Price Discovery<\/h2>\n

With <\/span>Bitcoin finally reaching a new ATH<\/span><\/a> after months of speculation and anticipation, crypto analyst Ali Martinez has<\/span> disclosed<\/span><\/a> that this surge signals the cryptocurrency\u2019s entry into its price discovery.\u00a0<\/span><\/p>\n

Related Reading: Dogecoin Whales Record Largest Accumulation Week Since January With 2.10 Billion Tokens Bought<\/a><\/div>\n

A <\/span>Bitcoin price discovery<\/span><\/a> refers to how the market determines the current value or price based on supply and demand dynamics. Despite the new achievement, Martinez has revealed that investors are attempting to short Bitcoin by liquidating their holdings and cashing out profits.\u00a0<\/span><\/p>\n

As a result, the analyst predicts that if Bitcoin goes back to the $75,550 price high, $210 million could be liquidated from the market.\u00a0<\/span><\/p>\n

\"Bitcoin
BTC bulls reclaim control | 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":"

The Bitcoin price has hit a new All-Time High (ATH), marking a historical milestone in the crypto market. With a remarkable rally surpassing $75,000, Bitcoin is experiencing considerable momentum, driven primarily by market sentiment surrounding the US elections. A crypto analyst who had accurately predicted Bitcoin\u2019s rise to $75,000 has now set a new price target for the pioneer cryptocurrency, anticipating further bullish movement. Analyst Set $170,000 Price ATH For The Bitcoin Price TradingShot, a crypto analyst on TradingView, has released a brief Bitcoin analysis report, referencing historical trends to predict a new all-time high of $170,000 for Bitcoin. Sharing a price chart depicting Bitcoin\u2019s price movements from 2022 to the present, the analyst disclosed that on August 5, Bitcoin was testing the 1-week Moving Average (MA50), a level that has never been reached since March 12, 2003. Related Reading: Dogecoin Price Marks Local Bottom, Can Price Run 100% From Here Again? In previous market cycles, this crucial level was the absolute supporting trendline that signaled a potential bull market. TradingShot revealed that after almost 20 years, the Bitcoin price was finally able to hold this key trendline not once but twice, leading to its last-week rally that saw its price testing the $73,800 mark.\u00a0 The analyst also highlighted that this price surge was an incredibly bullish move, indicating a strong market for Bitcoin. Moreover, the $73,800 Bitcoin price increase occurred just two days before the US Presidential elections, a period historically known to trigger explosive rallies for Bitcoin. Market expert Crypto Rover on X (formerly Twitter) notes that Bitcoin has experienced a total average price pump of 1,563% following the previous US elections. In 2016, Bitcoin rallied 2,714%, exceeding $15,000 after the US Presidential elections. Similarly, in 2020, the cryptocurrency soared over 400%, surpassing $40,000 after the elections. Now, Bitcoin is clearly on a significant uptrend after the just-concluded US presidential elections on November 4.\u00a0 Given the timing of these rallies, TradingShot has suggested that a similar pattern may be repeating, implying that Bitcoin could be entering a period of explosive growth. Based on chart analysis and Fibonacci levels, the analyst has projected a new target of $170,000 for Bitcoin, representing approximately 1.618 Fibonacci extensions from its current ATH.\u00a0 With the Bitcoin price currently trading at $73,715, having given up some gains, a surge to $170,000 would represent a 130,55% increase.\u00a0 BTC Finally Hits Anticipated Price Discovery With Bitcoin finally reaching a new ATH after months of speculation and anticipation, crypto analyst Ali Martinez has disclosed that this surge signals the cryptocurrency\u2019s entry into its price discovery.\u00a0 Related Reading: Dogecoin Whales Record Largest Accumulation Week Since January With 2.10 Billion Tokens Bought A Bitcoin price discovery refers to how the market determines the current value or price based on supply and demand dynamics. Despite the new achievement, Martinez has revealed that investors are attempting to short Bitcoin by liquidating their holdings and cashing out profits.\u00a0 As a result, the analyst predicts that if Bitcoin goes back to the $75,550 price high, $210 million could be liquidated from the market.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":648637,"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":[428,656,679,1119,89185,1122,1144,78790],"class_list":["post-651855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt"],"acf":[],"yoast_head":"\nThis Crypto Analyst Correctly 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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. 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