Based

Kaspa

Bitcoin

Read

<p>Bitcoin has rallied past the anticipated $100k target. Currently trading at around $102,000, many investors have been elated by this feat. But what could be next for the token? Is it going further up? With no resistance ahead, this could be quite challenging to determine. However, expert analytics sometimes give insight into what to expect.</p>
<p>Crypto analyst Master Kenobi has highlighted the significance of Bitcoin breaking the psychological $100K barrier. He points to historical data from previous cycles, noting a distinct pattern that emerged 230 days after the Bitcoin halving, characterized by accelerated growth.</p>
<p>The analyst observes that in the previous cycle, this rapid growth phase reached its local peak within 12 days. Applying this pattern to the current market conditions, Master Kenobi projects a potential<strong> <a href="https://www.investopedia.com/trading/peak-and-trough-analysis/" target="_blank" rel="noopener noreferrer nofollow">local peak </a>around December 17th.</strong></p>
<p>Based on market intuition rather than strict technical analysis, <strong>the crypto analyst estimates a local top range between $120K-$125K.</strong> The analyst acknowledges that this projection is more speculative and based on market sentiment rather than concrete technical indicators.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/these-upcoming-bullish-events-suggest-kaspa-kas-price-could-reach-5/" target="_blank" rel="noopener noreferrer nofollow">These Upcoming Bullish Events Suggest Kaspa (KAS) Price Could Reach $5</a></em></strong></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="546" src="https://captainaltcoin.com/wp-content/uploads/2024/12/image-231-1024x546.png" alt="" class="wp-image-593444" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/image-231-1024x546.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-231-300x160.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-231-767x409.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-231-1536x819.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-231-2048x1092.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-231-281x150.png 281w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-231-100x53.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-231-656x350.png 656w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-231-788x420.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-231.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><a href="https://x.com/btc_masterplan/status/1864587402024501618?s=46" target="_blank" rel="noopener noreferrer nofollow">Master Kenobi</a> anticipates continued growth in the altcoin market, with smaller altcoins potentially outperforming both Bitcoin and larger cryptocurrencies, particularly as the cycle progresses. The analyst suggests this presents an opportunity for strategic positioning in the market.</p>
<p>The crypto analyst emphasizes that investors still have time to analyze the market and position themselves effectively. He suggests that this window of opportunity allows for careful consideration of investment strategies before the projected peak.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></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/whats-next-for-bitcoin-btc-price-after-surging-above-100k-top-analyst-predict-local-top-and-timeline/" rel="noopener noreferrer nofollow">What’s Next for Bitcoin (BTC) Price After Surging Above $100K? Top Analyst Predict Local Top and Timeline</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

What’s Next for Bitcoin (BTC) Price After Surging Above $100K? Top Analyst Predict Local Top and Timeline

Table of Contents

CaptainAltcoin

Other articles published on Dec 5, 2024

WisdomTree Registers in Delaware for XRP ETF

Bitcoin Smashes $100,000: ETF Inflows and Record Derivatives Open Interest back Historic Rally

Can Dogecoin (DOGE) Breach $0.6? Expert Links the Memecoin’s Moves to Bitcoin

Financial Company Standard Chartered Releases New Price Forecast for Bitcoin? Can It Reach This L...

Crypto Exchange Volume Hits $2.9T in November, Highest Since May 2021

Bitcoin News: Eleven US States Set to Adopt Strategic BTC Reserves

Join our free newsletter for daily crypto updates!