Analyst Says Bitcoin Will Reach $68,000 By End Of September, $90,000 In December

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Interestingly, business intelligence company MicroStrategy also contributed to the buying pressure by purchasing an additional 18,300 BTC for $1.1 billion.  Related Reading: Ripple Moves 150 Million XRP, Fueling An 11% Price Surge At the time of writing, Bitcoin is trading at $60,200.

In a recent technical analysis shared on the social media platform X, Captain Faibik emphasized that a daily close above the $60,000 mark would be a key signal of Bitcoin’s return to bullish momentum.

To further support his bullish outlook, Captain Faibik shared an accompanying chart, which shows that Bitcoin’s price action has been unfolding within a broadening wedge pattern since reaching its all-time high in March.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Price Crypto Btc Cryptocurrency Market News Price analysis Btcusd Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-15 @ 17:00:42 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 467 words

Reading Time: 3 minutes read

Sentences: 64 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 22517730

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

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