Notcoin

Bitcoin

<p>With Bitcoin climbing higher and achieving bigger milestones triggered by a Trump win in the US Presidential elections, more and more traders expect the rally to continue and expand to the next year. Bitcoin also finally set its new all-time high and is currently trading around $75,995.&nbsp;</p>   
<p>However, the founder and CEO of Cryptoquant, Ki Young Ju, does not share the same view, as he has made a startling Bitcoin prediction.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-shocking-prediction-for-bitcoin">Shocking Prediction For Bitcoin</h2>   
<p>In the latest X Post, Ki Young Ju shared that the Bitcoin close price for 2024 could be $58,974, although he hopes that he is wrong. This prediction was surprising as just yesterday, Bitcoin posted an all-time high of over $77,200 on major spot exchanges.</p>   
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<p>Notably, CryptoQuant CEO's prediction marks an almost 24% drop for the orange coin. Ki Young Ju is running a forecast prediction for Cryptoquant paid users. He noted that the closest bet will be rewarded with 0.1 BTC, which is equal to $7,662 at current prices.&nbsp;</p>   
<p>With his X audience being more enthusiastic about Bitcoin prospects in late Q4, 2024, about half of the commentators made six-digit predictions.&nbsp;</p>   
<p>Predicting Bitcoin’s performance in December is very a challenging task as, in the last 10 years, BTC has registered five "red" months and five "green" months, as per data from CoinGlass.</p>   
<p>There was significant optimism in the Bitcoin (BTC) community last week after the election results and the much anticipated fed rate cut, that pushed Bitcoin to a new all-time high. This spike caught Bitcoin (BTC) bears unprepared. In just three days they suffered a net liquidation of short positions equal to one-third of a billion dollars. For all cryptocurrencies combined, the metric exceeded $750 million.</p>   
<h2 class="wp-block-heading" id="h-ali-martinez-eyes-correction">Ali Martinez Eyes Correction</h2>   
<p>Prominent analyst Ali Martinez in a recent post also shared that, while it could be just wishful thinking, he is also eyeing a correction to stack more Bitcoin.&nbsp;</p>   
<p>“Looks like BTC broke down from a rising wedge, hinting at a target around $73,900. I’m also placing buy orders at $71,500 and $69,000 as a backup—let’s see where it goes,” he noted.&nbsp;</p>   
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<p>As for the altcoins, the analyst is bullish as he has recently shared that Notcoin broke out of the falling wedge, and its price is projected to increase 76% to $0.012. He also noted that Dogwifhat appears to be breaking out of a bull flag, which projects a 20% price increase to $2.84. Coming to Ethereum, the analyst expressed that “Ethereum at $3,000 today is just the beginning!”</p>   
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<p><strong>What do you think? Are altcoins up for a major rally soon? Stay tuned</strong></p>

CryptoQuant CEO Makes Scary Bitcoin Prediction; Bitcoin To Close Q4 At $58K?

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