Bitcoin

Verge

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Popular on-chain analyst and trader Ali Martinez has just mapped out the road to a new all-time high (ATH) for Bitcoin (BTC). Taking to X (formerly Twitter), Martinez retweeted his prior Bitcoin price prediction and added more information about it. In his previous&nbsp;<a href="https://x.com/ali_charts/status/1838197248133410946">tweet</a> from Sept. 23, the analyst predicted that BTC can hit a new ATH.
He said that, in his opinion, it would be great for Bitcoin to drop to the $60,000 price level and shatter the hopes of the&nbsp;<a href="https://u.today/crucial-message-about-power-of-crypto-issued-by-shib-executive">community</a>. However, he mentioned that after this drop, BTC would rebound to $66,000 and then see another drop toward $57,000. After that, the Bitcoin price would finally break out toward $78,000.
This surprising-yet-crucial take from Martinez seemed confusing at the time. However, Bitcoin is surprisingly following this same path. In the last few weeks, the leading cryptocurrency actually witnessed a drop to $60,000 before rebounding to $66,000 and again retracing to $57,000. The first three points from Martinez’s prediction have come to fruition.
<h2 dir="ltr" id="bitcoin-s-new-all-time-high-scenario">Bitcoin's new all-time-high scenario</h2>
Only his prediction of a new ATH at $78,000 is left now, as the community is waiting to see whether it actually happens or not. Seeing this, Ali Martinez reiterated his stance earlier today. He&nbsp;<a href="https://x.com/ali_charts/status/1845958125708275918">reminded</a> his followers about his Bitcoin price prediction and mentioned that $78,000 is indeed the next target for the BTC price.
Bitcoin, as of writing time, is trading at $65,673 after an increase of 1.18% in the last 24 hours. The cryptocurrency is already up 9.45% in value over the last 30 days. The current sentiment on the market is very bullish, and seeing the anticipation around the&nbsp;<a href="https://u.today/opinions/why-hasnt-uptober-arrived-yet">"Uptober"</a> theory, it is likely that BTC is on the verge of hitting a new all-time high.

Bitcoin (BTC) on Verge of Hitting New High of $78,000: Details

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