Today, Bitcoin just hit a fresh ATH, surpassing the $77,000 price level. Each of these ATHs were primarily spurred on by different market factors, with the March price high fueled by the launch and surging demand for Spot Bitcoin ETFs and the November ATHs triggered by the market sentiment following Donald Trump’s reelection as the 47th President of the United States. Considering these major market moves, a crypto analyst, identified as Titan of Crypto on X (formerly Twitter), has released Bitcoin’s second most critical breakout of this market cycle.
Presenting a chart comparing Bitcoin’s price action in 2023 and 2024; the analyst denoted that BTC is on track for a significant pump as it mirrors bullish moves seen in the previous year. Related Reading: XRP On Fire: Analyst Predicts $4 Milestone As Token Rallies 11% Based on past trends, Trader Tardigrade has predicted that Bitcoin will reach $100,000 by early December 2024.
Similarly, in the following market cycle, Bitcoin hit another second breakout between 2019 and 2021, triggering a price increase to $50,509. With the same breakout pattern in this current market cycle, Titan of Crypto has set Bitcoin’s next bullish target and price peak above $160,000.
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