Bitcoin

Rise

<p><a href="http://v" rel="nofollow">Major crypto analysts</a> have weighed in on the <a href="https://bitcoinist.com/bitcoin-analyst-upside-btc-price/" rel="nofollow">Bitcoin future trajectory</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 <a href="https://bitcoinist.com/bitcoin-breaks-through-69000-setting-new-record/" rel="nofollow">all-time high (ATH)</a>.&nbsp;</p> 
<h2 id="bitcoin-to-rise-to-100-000">Bitcoin To Rise To $100,000</h2> 
<p><a href="https://bitcoinist.com/crypto-analyst-bullish-on-ethereum-and-xrp/" rel="nofollow">Crypto analyst CrediBULL Crypto</a> predicted in an X (formerly Twitter) <a href="https://x.com/CredibleCrypto/status/1799444322292560366" rel="nofollow">post</a> that Bitcoin would <a href="https://www.newsbtc.com/news/bitcoin-100000-cardano-dead/#:~:text=Why%20Cardano%20Is%20Dead,non%2Dexistent%E2%80%9D%20on%20it.">rise to $100,000</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 “absolutely giga send” when that time comes. The analyst made these remarks while suggesting that the worst was over for Bitcoin.&nbsp;</p> 
<p>He alluded to the “brutal” price correction that Bitcoin underwent shortly before and after the <a href="https://bitcoinist.com/bitcoin-halving-investors-btc/" rel="nofollow">halving</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.&nbsp;</p> 
<p>Instead, CrediBULL Crypto claimed that the downside is now limited to $60,000 and that, realistically, Bitcoin can’t drop below $62,000 and $63,000. Whatever happens, he expects the Bitcoin pump to begin in the next ten days, which would <a href="https://bitcoinist.com/100000-bitcoin-ceo-makes-bold-prediction/" rel="nofollow">send it to $100,000</a>.&nbsp;&nbsp;</p> 
<p>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 <a href="https://bitcoinist.com/bitcoin-open-interest-new-all-time-high-price-next/#:~:text=The%20%E2%80%9COpen%20Interest%E2%80%9D%20here%20refers,currently%20open%20on%20all%20exchanges.&amp;text=When%20the%20value%20of%20this,on%20the%20market%20right%20now." rel="nofollow">Bitcoin’s open interest</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.&nbsp;</p> 
<img loading="lazy" decoding="async" class="size-medium wp-image-624267" src="https://www.newsbtc.com/wp-content/uploads/2024/06/Bitcoin-1-4.png?w=460&amp;resize=460%2C258" alt="Bitcoin 1" width="460" height="258" srcset="https://www.newsbtc.com/wp-content/uploads/2024/06/Bitcoin-1-4.png?w=512 512w, https://www.newsbtc.com/wp-content/uploads/2024/06/Bitcoin-1-4.png?w=460&amp;resize=460%2C258 460w" sizes="(max-width: 460px) 100vw, 460px" data-recalc-dims="1"> 
<p>Interestingly, CrediBULL had <a href="https://x.com/CredibleCrypto/status/1798377769166127454" rel="nofollow">earlier predicted</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.&nbsp;</p> 
<img loading="lazy" decoding="async" class="size-medium wp-image-624268" src="https://www.newsbtc.com/wp-content/uploads/2024/06/Bitcoin-2-3.png?w=460&amp;resize=460%2C256" alt="Bitcoin 2" width="460" height="256" srcset="https://www.newsbtc.com/wp-content/uploads/2024/06/Bitcoin-2-3.png?w=512 512w, https://www.newsbtc.com/wp-content/uploads/2024/06/Bitcoin-2-3.png?w=460&amp;resize=460%2C256 460w" sizes="(max-width: 460px) 100vw, 460px" data-recalc-dims="1"> 
<h2 id="bitcbtcoin-still-headed-for-173-000">BitcBTCoin Still Headed For $173,000</h2> 
<p><a href="https://bitcoinist.com/xrp-price-breakout-critical-zone/" rel="nofollow">Crypto analyst Egrag Crypto</a> has given a more bullish price for prediction, <a href="https://x.com/egragcrypto/status/1800401378302460124" rel="nofollow">stating</a> that the next target for the flagship crypto is $173,000. He made this assertion while noting that Bitcoin’s current price action is currently mirroring its price action in the <a href="https://bitcoinist.com/bitcoin-just-broke-a-descending-trendline-from-2017-is-the-bull-market-here/" rel="nofollow">2017 market cycle</a>, consolidating around Fib 1.0 just like it did back then.&nbsp;</p> 
<img loading="lazy" decoding="async" class="size-medium wp-image-624269" src="https://www.newsbtc.com/wp-content/uploads/2024/06/Bitcoin-3-2.png?w=460&amp;resize=460%2C201" alt="Bitcoin 3" width="460" height="201" srcset="https://www.newsbtc.com/wp-content/uploads/2024/06/Bitcoin-3-2.png?w=512 512w, https://www.newsbtc.com/wp-content/uploads/2024/06/Bitcoin-3-2.png?w=460&amp;resize=460%2C201 460w" sizes="(max-width: 460px) 100vw, 460px" data-recalc-dims="1"> 
<p>He highlighted that Bitcoin had four monthly candles followed by an “explosive fifth one” back in 2017. According to Egrag, the same thing is happening again, with Bitcoin already showing four monthly candles while consolidating around its <a href="https://www.newsbtc.com/news/bitcoin-price-crash-10-69000/">previous ATH</a>. As such, he believes the explosive fifth candle <a href="https://bitcoinist.com/ethereum-spot-etfs-trading/#:~:text=Bloomberg%20analyst%20James%20Seyffart%20has,approval%20would%20come%20this%20week." rel="nofollow">will come in July</a>, just like in 2017.&nbsp;</p> 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/yDxn0qHV/" alt="Bitcoin price chart from Tradingview.com" width="3286" height="1576">

Bitcoin Price Prediction: Major Analysts Say BTC Is Headed For 6-Digit ATH

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