2024

Bitcoin

when

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According to pseudonymous trader HornHairs, Bitcoin, the leading cryptocurrency by market cap, is <a href="https://x.com/CryptoHornHairs/status/1833638972733722943">approaching</a> its "grand finale."
The popular chartist has remarked that "summer doldrums" seem to be coming to a close.
Moreover, it has been 650 days since the bear market lows and several months after the most recent quadrennial halving event, which took place in April.&nbsp;
The trader has also added that this is the very first cycle when new all-time highs (ATHs) were pierced before the halving event.&nbsp;
<blockquote>
 More <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> context:-First cycle we've pierced new ATHs before the halving-We ripped for 6 months straight with barely a pullback, leaving a massive inefficient price zone that we've spent the last 6 months filling-Retested ETF launch high while sweeping months of lows <a href="https://t.co/5a9Rk9t72r">https://t.co/5a9Rk9t72r</a> <a href="https://t.co/b6dLewGYpa">pic.twitter.com/b6dLewGYpa</a>— HornHairs 🌊 (@CryptoHornHairs) <a href="https://twitter.com/CryptoHornHairs/status/1833643553056067810?ref_src=twsrc%5Etfw">September 10, 2024</a>
</blockquote> 
Bitcoin is currently changing hands at $56,362 after giving up some earlier gains, according to CoinGecko.
Legendary trader Peter Brandt recently predicted that the largest cryptocurrency could possibly surge all the way to $150,000 in late 2025.
According to analytics platform Santiment, &nbsp;sentiment improved slightly among retail market participants following Bitcoin’s surge to the $58,000 level on Tuesday. However, wallets with less than 1 BTC now have the highest ratio of supply in as many as seven months.&nbsp;
For Bitcoin to have a decent chance at reclaiming its previous record high, whales that hold more than 100 BTC would need to start aggressively accumulating.&nbsp;Meanwhile, Bitcoin exchange-traded funds (ETFs) are seemingly having an impressive comeback. On Tuesday, they recorded a total of $117 million worth of inflows.&nbsp;It seems like bulls are regaining control this September despite the fact that Bitcoin tends to severely underperform during &nbsp;this time of the year. Earlier, former BitMEX CEO Arthur Hayes predicted that the Bitcoin price could plunge all the way to $50,000.&nbsp;

Bitcoin Nearing “Grand Final,” Top Trader Says

U_Today

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