<p>Yesterday, the Bitcoin market climbed to a new <a href="https://coinpedia.org/news/bitcoin-price-today-rallies-above-73k-is-84k-within-reach/" target="_blank" rel="noreferrer noopener">monthly peak of $72,747.03</a>, getting closer to breaking the all-time high of $73,000. In just the past week, Bitcoin has surged by an impressive 7.9%. A recent post by user Captain Faibik on X pointed out that Bitcoin has broken out of an eight-month consolidation pattern. He also shared interesting predictions about where the market could go in the coming months.</p>   
<p>Want to learn more? Read on!</p>   
<h2 class="wp-block-heading" id="h-bitcoin-breaks-8-month-consolidation-pattern-nbsp">Bitcoin Breaks 8-Month Consolidation Pattern&nbsp;</h2>   
<p>The chart shared by Captain Faibik shows that the <a href="https://coinpedia.org/news/could-bitcoins-longest-consolidation-lead-to-a-new-all-time-high/" target="_blank" rel="noreferrer noopener">BTC market has been consolidating</a> within a ‘Descending Broadening Wedge’ pattern for the last eight months. The expert asserts that the market has broken above the described pattern.</p>   
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<p>Since October 26, the Bitcoin price has climbed by at least 8.62%. Last day alone, it sharply rose from $69,987.62 to $72,747.03, marking a significant single-day surge of 3.94%.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-bitcoin-price-predictions">Bitcoin Price Predictions</h2>   
<p>The crypto analyst believes that <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin could reach between $88,000 and $90,000</a> by the end of next month or early December. The post also suggests that a target as high as $100,000 might be possible.</p>   
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   https://twitter.com/CryptoFaibik/status/1851496236689273263 
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</figure>   [post_titles_links postid="374141"]   
<h2 class="wp-block-heading" id="h-what-the-breakout-could-mean-for-bitcoin-nbsp">What the Breakout Could Mean for Bitcoin&nbsp;</h2>   
<p>With the latest breakout, it becomes apparent that the market might not have to wait long to see a new ATH. Right now, the price of Bitcoin is $72,363.53 - just 0.87% below the current ATH level. Since October 11, the market has witnessed an impressive growth of 19.97%. The market appears extremely bullish. The breakout is expected to boost the confidence of Bitcoin investors even further.&nbsp;</p>   
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<p>As Bitcoin continues its rally, all eyes are on the coming weeks to see if it can meet or exceed the targets forecasted by the cryptocurrency analyst.</p>   
<p><strong><em>Stay tuned to Coinpedia for the latest updates on Bitcoin’s price momentum!&nbsp; </em>&nbsp;</strong></p>

Bitcoin Bull Run Continues: Is $100K the Next Target? Analysts Weigh In

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