{"id":652372,"date":"2024-11-10T03:30:49","date_gmt":"2024-11-10T03:30:49","guid":{"rendered":"https:\/\/uniquehot.com\/?p=652372"},"modified":"2024-11-09T13:05:17","modified_gmt":"2024-11-09T13:05:17","slug":"bitcoin-price-enters-second-breakout-of-the-cycle-analyst-puts-peak-above-150000","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-price-enters-second-breakout-of-the-cycle-analyst-puts-peak-above-150000\/","title":{"rendered":"Bitcoin Price Enters &#8216;Second Breakout Of The Cycle,&#8217; Analyst Puts Peak Above $150,000"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The Bitcoin price could see its second <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-price-roadmap-1000000\/amp\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">massive breakout <\/span><\/a><span style=\"font-weight: 400\">in this current market cycle, as a crypto analyst has <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-price-past-halving-cycles\/amp\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">predicted a peak<\/span><\/a><span style=\"font-weight: 400\"> above $150,000 for the pioneer cryptocurrency. This bullish forecast comes on the heels of Bitcoin\u2019s previous All-Time High (ATH) this month when it <\/span><a href=\"https:\/\/bitcoinist.com\/371-million-crypto-shorts-bitcoin-new-all-time-high\/amp\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">surpassed the $75,000 mark<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/sec-shake-up-robinhood-legal-boss-on-shortlist-for-top-spot-report\/\" target=\"_blank\" rel=\"noopener \">SEC Shake-Up: Robinhood Legal Boss On Shortlist For Top Spot\u2014Report<\/a><\/div>\n<h2><b>Bitcoin Price Peak Set Above $150k<\/b><\/h2>\n<p><span style=\"font-weight: 400\">In just 2024, Bitcoin has reached three major all-time highs, making a historic move for the cryptocurrency. Earlier in March, the cryptocurrency <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoins-all-time-high-in-march-why-it-might-not-be\/amp\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">crossed the $73,000 level<\/span><\/a><span style=\"font-weight: 400\">, hitting a new ATH. A few days after the November United States (US) Presidential election, the cryptocurrency exceeded expectations with a massive rally to an ATH above $75,000. Today, <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-retail-volume-makes-comeback-btc-new-high\/amp\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Bitcoin just hit a fresh ATH<\/span><\/a><span style=\"font-weight: 400\">, surpassing the $77,000 price level.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Each of these ATHs were primarily spurred on by different market factors, with the March price high fueled by the launch and surging demand for <\/span><a href=\"https:\/\/bitcoinist.com\/spot-bitcoin-etfs-demand-btc-below-70000\/amp\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Spot Bitcoin ETFs <\/span><\/a><span style=\"font-weight: 400\">and the November ATHs triggered by the market sentiment following <\/span><a href=\"https:\/\/bitcoinist.com\/donald-trump-wins-the-u-s-presidential-race-crypto-markets-explode-overnight\/amp\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Donald Trump\u2019s reelection as the 47th President<\/span><\/a><span style=\"font-weight: 400\"> of the United States.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Considering these major market moves, a crypto analyst, identified as Titan of Crypto on X (formerly Twitter), has<\/span><a href=\"https:\/\/x.com\/washigorira\/status\/51874436?s=46\" target=\"_blank\" rel=\"noopener nofollow\"> <span style=\"font-weight: 400\">released<\/span><\/a><span style=\"font-weight: 400\"> Bitcoin\u2019s second most critical breakout of this market cycle. Sharing a detailed chart of <\/span><a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-at-400000-timeline\/amp\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">Bitcoin\u2019s price movements<\/span><\/a><span style=\"font-weight: 400\"> from 2013 to the present, the analyst highlighted a projected path for BTC to reach a market peak above $160,000.\u00a0<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-652373\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/A_f3f4fe.png?resize=644%2C384\" alt=\"\" width=\"644\" height=\"384\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/A_f3f4fe.png?w=644 644w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/A_f3f4fe.png?w=460 460w\" sizes=\"auto, (max-width: 644px) 100vw, 644px\"><\/p>\n<p><span style=\"font-weight: 400\">The analyst predicted that <\/span><a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/how-high-can-bitcoin-go-in-2025-legendary-trader\/amp\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">the price of Bitcoin<\/span><\/a><span style=\"font-weight: 400\"> could surge between $160,000 and $230,000 by 2025. Titan of Crypto based this bullish prediction of Bitcoin\u2019s market peak on the cryptocurrency\u2019s historical price action.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Based on the chart, the analyst showed that Bitcoin hit a \u201c2nd breakout\u201d between 2016 and 2018, leading to a price surge of $12,679. Similarly, in the following market cycle, Bitcoin hit another second breakout between 2019 and 2021, triggering a price increase to $50,509.\u00a0<\/span><\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/3IJS9utq\/\" width=\"1835\" height=\"883\"><figcaption class=\"wp-caption-text\">Bitcoin is now trading at $76,465. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">With the same breakout pattern in this current market cycle, Titan of Crypto has set <\/span><a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-at-200000-by-2025-bernstein-predicts-target-despite-election-impact\/amp\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">Bitcoin\u2019s next bullish target <\/span><\/a><span style=\"font-weight: 400\">and price peak above $160,000. This considerable surge represents a 109% increase from its current price of $76,559 and a 107% increase from its present ATH.\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n<h2><b>Analyst Says Bitcoin Price To Hit $100k By December\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Crypto analyst Trader Tardigrade has also<\/span><a href=\"https:\/\/x.com\/tatrader_alan\/status\/86449641?s=46\" target=\"_blank\" rel=\"noopener nofollow\"> <span style=\"font-weight: 400\">revealed<\/span><\/a><span style=\"font-weight: 400\"> a bullish forecast for the Bitcoin price on X. Presenting a chart comparing <\/span><a href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-current-price-action-sets-stage-for-30-rally\/amp\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">Bitcoin\u2019s price action<\/span><\/a><span style=\"font-weight: 400\"> in 2023 and 2024; the analyst denoted that BTC is on track for a significant pump as it mirrors bullish moves seen in the previous year.\u00a0<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-652374\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/A_65032b.png?resize=636%2C498\" alt=\"\" width=\"636\" height=\"498\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/A_65032b.png?w=636 636w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/A_65032b.png?w=460 460w\" sizes=\"auto, (max-width: 636px) 100vw, 636px\"><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/xrp-on-fire-analyst-predicts-4-milestone-as-token-rallies-11\/\" target=\"_blank\" rel=\"noopener \">XRP On Fire: Analyst Predicts $4 Milestone As Token Rallies 11%<\/a><\/div>\n<p><span style=\"font-weight: 400\">Based on past trends, Trader Tardigrade has predicted that <\/span><a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-price-could-hit-100000\/amp\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">Bitcoin will reach $100,000<\/span><\/a><span style=\"font-weight: 400\"> by early December 2024. In his price chart, the analyst has highlighted a potential price increase above $180,000 for Bitcoin by 2025.\u00a0\u00a0\u00a0<\/span><\/p>\n<p><em>Featured image from Forbes, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bitcoin price could see its second massive breakout in this current market cycle, as a crypto analyst has predicted a peak above $150,000 for the pioneer cryptocurrency. This bullish forecast comes on the heels of Bitcoin\u2019s previous All-Time High (ATH) this month when it surpassed the $75,000 mark.\u00a0 Related Reading: SEC Shake-Up: Robinhood Legal Boss On Shortlist For Top Spot\u2014Report Bitcoin Price Peak Set Above $150k In just 2024, Bitcoin has reached three major all-time highs, making a historic move for the cryptocurrency. Earlier in March, the cryptocurrency crossed the $73,000 level, hitting a new ATH. A few days after the November United States (US) Presidential election, the cryptocurrency exceeded expectations with a massive rally to an ATH above $75,000. Today, Bitcoin just hit a fresh ATH, surpassing the $77,000 price level.\u00a0\u00a0 Each of these ATHs were primarily spurred on by different market factors, with the March price high fueled by the launch and surging demand for Spot Bitcoin ETFs and the November ATHs triggered by the market sentiment following Donald Trump\u2019s reelection as the 47th President of the United States.\u00a0 Considering these major market moves, a crypto analyst, identified as Titan of Crypto on X (formerly Twitter), has released Bitcoin\u2019s second most critical breakout of this market cycle. Sharing a detailed chart of Bitcoin\u2019s price movements from 2013 to the present, the analyst highlighted a projected path for BTC to reach a market peak above $160,000.\u00a0 The analyst predicted that the price of Bitcoin could surge between $160,000 and $230,000 by 2025. Titan of Crypto based this bullish prediction of Bitcoin\u2019s market peak on the cryptocurrency\u2019s historical price action. Based on the chart, the analyst showed that Bitcoin hit a \u201c2nd breakout\u201d between 2016 and 2018, leading to a price surge of $12,679. Similarly, in the following market cycle, Bitcoin hit another second breakout between 2019 and 2021, triggering a price increase to $50,509.\u00a0 With the same breakout pattern in this current market cycle, Titan of Crypto has set Bitcoin\u2019s next bullish target and price peak above $160,000. This considerable surge represents a 109% increase from its current price of $76,559 and a 107% increase from its present ATH.\u00a0\u00a0\u00a0\u00a0 Analyst Says Bitcoin Price To Hit $100k By December\u00a0 Crypto analyst Trader Tardigrade has also revealed a bullish forecast for the Bitcoin price on X. Presenting a chart comparing Bitcoin\u2019s price action in 2023 and 2024; the analyst denoted that BTC is on track for a significant pump as it mirrors bullish moves seen in the previous year.\u00a0 Related Reading: XRP On Fire: Analyst Predicts $4 Milestone As Token Rallies 11% Based on past trends, Trader Tardigrade has predicted that Bitcoin will reach $100,000 by early December 2024. In his price chart, the analyst has highlighted a potential price increase above $180,000 for Bitcoin by 2025.\u00a0\u00a0\u00a0 Featured image from Forbes, chart from TradingView<\/p>\n","protected":false},"author":594,"featured_media":652379,"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":[428,679,1119,1144,6664],"class_list":["post-652372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btcusd","tag-crypto"],"acf":[],"yoast_head":"\n<title>Bitcoin Price Enters &#039;Second Breakout Of The Cycle&#039; -- Analyst<\/title>\n<meta name=\"description\" content=\"The Bitcoin price could see its second massive breakout in this current market cycle, as a crypto analyst has predicted a peak above $150,000 for the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-price-enters-second-breakout-of-the-cycle-analyst-puts-peak-above-150000\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Enters &#039;Second Breakout Of The Cycle&#039; 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. 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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