Lido DAO

Bitcoin

when

Read

<p>History, they say, rhymes when it comes to technical analysis, and past patterns could help predict the next price direction. We have seen this play out on different occasions in the past, and it could be happening again for Bitcoin.</p>
<p>Despite the panic about its ongoing price dip, with the BTC price declining by more than 6% in the last 5 days, crypto expert <a href="https://x.com/rovercrc/status/1861400011579310311?s=46" target="_blank" rel="noopener noreferrer nofollow">Crypto Rover </a>made a post on X showing that the price pattern could be exhibiting similarities to that of November 2020, when the price consolidated and saw some dips before eventually breaking out to continue the rally.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="479" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-928-1024x479.png" alt="" class="wp-image-588292" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-928-1024x479.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-928-300x140.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-928-768x359.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-928-1536x718.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-928-2048x957.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-928-321x150.png 321w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-928-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-928-749x350.png 749w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-928-788x368.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-928.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Following the breakout, the price rallied significantly until around November, reaching a new all-time high. Something similar may be happening now, and the ongoing dip could be merely a retracement before a major rally.</p>
<p>The analyst’s chart predicts the price could exceed $130,000 in the next few months, based on the arrows in his chart.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/analyst-says-lido-dao-is-finally-waking-up-heres-why-ldo-price-could-hit-3-next/" target="_blank" rel="noopener noreferrer nofollow">Analyst Says Lido DAO is Finally Waking Up—Here’s Why LDO Price Could Hit $3 Next!</a></em></strong></p>
<h2 class="wp-block-heading" id="btc-to-dip-to-85-000-if-current-support-fails">BTC to Dip to $85,000 If Current Support Fails</h2>
<p>The Bitcoin price dip has continued, and various analysts are trying to determine where the price could reverse. Technical analysis points to a potential reversal at around $90,000 to $92,000. This was also noted by Ali Charts, a prominent crypto analyst.</p>
<blockquote class="twitter-tweet">
 <p lang="en" dir="ltr">$91,583 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f3af.png" alt="🎯" class="wp-smiley" style="height: 1em; max-height: 1em;"> <br><br>Failing to hold this level could take <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> to $85,610. <a href="https://t.co/7UtIyDdmrm" target="_blank" rel="noopener noreferrer nofollow">https://t.co/7UtIyDdmrm</a> <a href="https://t.co/sBTceUXSiF" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/sBTceUXSiF</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1861375689833734376?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 26, 2024</a>
</blockquote>
<p>However, with the price already breaking through this support, the analyst sees the price dipping to $85,000 around the 0.618 Fibonacci level drawn on the chart.</p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/expert-insists-bitcoin-is-going-beyond-130000-soon-despite-ongoing-btc-price-dip/" rel="noopener noreferrer nofollow">Expert Insists Bitcoin Is Going Beyond $130,000 Soon Despite Ongoing BTC Price Dip</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Expert Insists Bitcoin Is Going Beyond $130,000 Soon Despite Ongoing BTC Price Dip

Table of Contents

CaptainAltcoin

Other articles published on Nov 26, 2024

CEO Raoul Pal’s Bold Take: Gold vs. Crypto in Today’s Market

Investors aim to boost portfolio with these unexpected altcoin gems

Saakuru Labs Partners with Moongate to Deliver Gasless NFT Ticketing and Membership Solutions to...

Australia to Adopt International Crypto Tax Reporting Framework

Mark Longo P’Nut, the squirrel owner, cashes out on donations and launches his crypto

Is It Too Late To Buy EGO? Ego Price Soars 19% And This Might Be The Next Crypto To Explode

Join our free newsletter for daily crypto updates!