bullish

Bitcoin

Divergence

<ul>
 <li>Bitcoin (BTC) price charts prints a hidden bullish divergence pattern.</li>  
 <li>Analyst expects Bitcoin to set a new ATH this crypto cycle after adjusting for inflation prices.</li>  
 <li>A bull run for this cycle is yet to begin and BTC is expected to hit $100,000.</li> 
</ul>  
<p>The crypto market inches closer to mid-September, a crucial time for this Bitcoin cycle’s timeline. According to many analyst, this being a halving year makes it a critical time historically. So far, in every halving year, the <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">price of Bitcoin (BTC)</a> would sugar parabolically entering into Q4.</p>  
<h2 class="wp-block-heading" id="h-bitcoin-new-ath-s-expected-ahead">Bitcoin New ATH's Expected Ahead</h2>  
<p>This year, analysts are contemplating if Bitcoin has already bottomed for September. One silver-tongued analyst known for his many accurate predictions for far believes that the price of Bitcoin has already bottomed for the month around the price of $53,000. In contrast, other analysts expect BTC to dip further between the $40,000 to $47,000 level.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/DrProfitCrypto/status/1833488932949893396
 </div>
</figure>  
<p>While a few believe the bull run phase for Bitcoin is already over, a majority of the crypto community believes that the bull run phase of the ongoing crypto bull cycle is yet to begin. Another interesting point of view lies in the fact that some analysts believe that Bitcoin (BTC) hasn’t even set a new ATH yet.</p>  
<h2 class="wp-block-heading" id="h-bullish-hidden-divergence-pattern-emerges-for-btc">Bullish Hidden Divergence Pattern Emerges for BTC</h2>  
<p>According to <a href="https://x.com/TheCryptoLark" target="_blank" rel="noopener noreferrer nofollow">Lark Davis</a>, BTC price has not set a new ATH yet for this bull cycle. He says that if the prices are adjusted for inflation then BTC will have to <a href="https://cryptonewsland.com/bitcoin-needs-80k-to-break-2024-ath/" target="_blank" rel="noopener noreferrer nofollow">break the $80,000 price mark</a> to set a new ATH. Since this hasn’t happened yet, many believe that the bull run phase is yet to commence.&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/JavonTM1/status/1833506164035797019
 </div>
</figure>  
<p>According to the post above, this analyst believes that Bitcoin (BTC) is on a trajectory to hit $73,729.79. He also adds that the major continuation above this price is highly possible meaning a greater new BTC high could be in play. The analysts calls this a hidden bullish divergence pattern and the pump expectations fuel predictions for <a href="https://cryptonewsland.com/renowned-analyst-doctor-profit-predicts-bitcoin-surge-beyond-100k-after-halving/" target="_blank" rel="noopener noreferrer nofollow">new BTC highs to the $100,000</a> range and more.&nbsp;</p> 
<p>The post <a href="https://cryptonewsland.com/bitcoin-eyes-73729-hidden-bullish-divergence/" rel="noopener noreferrer nofollow">Bitcoin Eyes $73,729 Target as Hidden Bullish Divergence Pattern Plays Out, Analysts Expect New ATH on Horizon</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bitcoin Eyes $73,729 Target as Hidden Bullish Divergence Pattern Plays Out, Analysts Expect New ATH on Horizon

Table of Contents

Crypto News Land

Other articles published on Sep 11, 2024

Tether Invests $100M in Adecoagro, Securing 9.8% Stake in Agricultural Giant

RWA-Driven Blockchain Opens Early Access to Their Governance Token

Election Volatility? Bitcoin Doesn’t Care, Says Analyst

Weekly Article Recap: 8/26-8/30

Web3 Foundation and Scytale Lead $2.5 Million Seed Investment in Hyperbridge to Build the End-Gam...

Trump-Harris debate ends in a tie, Crypto goes unmentioned

Join our free newsletter for daily crypto updates!