bullish

Bitcoin

<ul class="wp-block-list">
 <li>Bitcoin maintains a strong position as altcoins surge fiercely.&nbsp;</li>  
 <li>The price of Ripple’s XRP pumped by over 15% taking the price to over $1.&nbsp;</li>  
 <li>This hike led to XRP Futures Open Interest hitting an ATH.</li> 
</ul>  
<p>The price of Bitcoin (BTC) stands steadily at the $91,000 price mark as analysts await another breakthrough for the pioneer cryptocurrency. This breakthrough is expected to take Bitcoin price closer to a 6-digit ATH before it is also expected to break that threshold. Presently, the crypto market is teasing highly bullish gains ahead.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-btc-supply-shock-underway">BTC Supply Shock Underway</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/rovercrc/status/1858454351167295782
 </div>
</figure>  
<p>As we can see from the post above, Bitcoin is experiencing a scenario it has never experienced before. According to the chart in the post above, Bitcoin, for the first time in its history, is exhibiting a drop in BTC present on exchanges during a bull run. This is a sign that this cycle differs from the ones before.&nbsp;</p>  
<p>More excitingly, the analyst in the post suggests this to be a <a href="https://cryptonewsland.com/bitcoin-golden-cross-87000-to-380000/" target="_blank" rel="noopener noreferrer nofollow">bullish signal</a> that will usher in a massive supply shock for Bitcoin (BTC). No doubt, a supply shock will result in a greater pump for the price of Bitcoin. This hints at a possibility of BTC ATH surpassing $100,000 to hit <a href="https://cryptonewsland.com/320000-btc-cycle-top-closes-october-in-bullish-green/" target="_blank" rel="noopener noreferrer nofollow">greater highs from $220,000 to $320,000</a> and more.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-next-ath-targets-for-btc-revealed">Next ATH Targets for BTC Revealed</h2>  
<p>In response to Bitcoin’s most recent <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">ATH set at $93,434.36</a>, one analyst, known for his many accurate predictions, Doctor Profit, the silver-tongued analyst reveals what he believes to be the next ATH for Bitcoin (BTC) is this ongoing crypto bull cycle. To highlight, he says that the next target for a BTC ATH lies between <a href="https://x.com/DrProfitCrypto/status/1858437416521990158" target="_blank" rel="noopener noreferrer nofollow">$96,000 and $98,000</a>.&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/DrProfitCrypto/status/1858627691685310595
 </div>
</figure>  
<p>Finally, as we can see from the post above, the same silver-tongued analyst suggests traders to not overthink their moves in the coming weeks. In his eyes, BTC will keep it straight and simple. He says to long the line as shown in the post above and to accumulate if the market presents an opportunity.</p> 
<p>The post <a href="https://cryptonewsland.com/next-bitcoin-btc-ath-target-96000-and-98000/" rel="noopener noreferrer nofollow">Reputed Silver-Tongued Analyst Reveals Next Bitcoin (BTC) ATH Target Between $96,000 and $98,000</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Reputed Silver-Tongued Analyst Reveals Next Bitcoin (BTC) ATH Target Between $96,000 and $98,000

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