Major

Parabolic

Bitcoin

Optimism

<ul class="wp-block-list">
 <li>The price of Bitcoin (BTC) continues to hold strong at the $68,000 price level.</li>  
 <li>Ripple’s XRP price chart indicated a channel leading to a major breakout formation.</li>  
 <li>Bitcoin (BTC) price chart suggests parabolic pump action to $114,000.</li> 
</ul>  
<p>Bitcoin’s price is holding steady around $68,000, signaling strength to many respected crypto analysts who remain bullish on its next move. Many expect the leading cryptocurrency to rally towards its previous all-time high (ATH) of $73,700 and go on to set new ATH between $80,00 to <a href="https://cryptonewsland.com/how-increased-liquidity-might-catapult-bitcoin-to-a-jaw-dropping-99000/" target="_blank" rel="noopener noreferrer nofollow">$99,000 in a few weeks</a>.</p>  
<p>Last week, BTC surged to $73,400 before slipping back to $68,000, where it now shows resilience. Despite this dip, expectations are building for Bitcoin to rebound sharply and set new ATHs. Optimism for a strong Q4 has grown since both October and September closed in bullish green, reinforcing positive sentiment.&nbsp;</p>  
<p>Coupled with historical trends and bullish signals on Bitcoin’s chart, many analysts anticipate BTC reaching a new ATH between $100,000 and $150,000 by the end of 2024. Bitcoin’s projected surge is also fueling hopes for altcoins, with many expecting a robust altseason to kick off in Q1 of 2025.</p>  
<h2 class="wp-block-heading" id="h-bitcoin-rally-to-over-114-000">Bitcoin Rally to Over $114,000?</h2>  
<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/1852859368695275773
 </div>
</figure>  
<p>As we can see from the post above, the sentiment for <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> remains strong. The analyst above emphasises how in October 2024, Bitcoin price confirmed another macro bullish breakout and each of the prior breakouts led to more than +80% upside moves. Thus, he expects this turn to lead to a <a href="https://cryptonewsland.com/114000-btc-price-forecast-move-to-80000/" target="_blank" rel="noopener noreferrer nofollow">BTC ATH of over $114,000</a>.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-xrp-price-chart-forms-channel-leading-to-breakout">XRP Price Chart Forms Channel Leading to Breakout</h2>  
<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/1853455349165990278
 </div>
</figure>  
<p>The bullish expectation for Bitcoin extends to a highly bullish expectation for altseason this bull cycle. With many altcoins expected to set new ATHs of their own, analysts are noticing highly bullish indicators in the price charts of various popular altcoins like SHIB, DOGE, and like we see in the chart above, <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow">Ripple’s XRP</a> where a channel leading to breakout is emerging.</p> 
<p>The post <a href="https://cryptonewsland.com/xrp-chart-channel-leading-to-major-breakout/" rel="noopener noreferrer nofollow">XRP Chart depicts Channel Leading to Major Breakout as BTC Chart Hints at Parabolic Pump to Over $114,000</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

XRP Chart depicts Channel Leading to Major Breakout as BTC Chart Hints at Parabolic Pump to Over $114,000

Table of Contents

Crypto News Land

Other articles published on Nov 5, 2024

Hamster Kombat Loses 86% of Active Users: Possible Reasons

Dtec Announces Global Partnership With DİZAYNVIP To Elevate AI-Driven Mobility Design

Market Trends Highlight DOGE, GOAT, and SUI Coins

Bitcoin Holds Key Support at $64K as Realized Price Chart Signals Stability

China: 3 Obstacles Threatening The Recovery Of The Economy

Crypto Community on Alert Ahead of Devcon 7 After Robbery Incident Involving Rooch Network’s Haic...

Join our free newsletter for daily crypto updates!