Despite the cryptocurrency’s price crash and previously persistent declines, analysts highlight that the coming months will be significantly bullish for the cryptocurrency. Related Reading: Analyst Identifies $0.75 As Most Crucial Target For XRP Price In The Campaign For $1 Crypto analyst, Crypto Rover disclosed on X that September has historically been the worst month for Bitcoin, however, he believes Q4 is set to be the best. Other analysts like Stockmoney Lizards’ foresee Bitcoin hitting a whopping $100,000 price target by year’s end, with expectations that Q4 (between October to December) would significantly push the cryptocurrency to the upside. Featured image created with Dall.
Earlier this month, Bitcoin jumped over the $60,000 mark but witnessed a minor correction that pushed its price back below $59,000. Related Reading: Cardano (ADA) Enters Stage 3 That Will Trigger 4,500% Rally To $15 With the cryptocurrency recovering its previous momentum, many analysts expect more gains in the future.
Based on his price chart of Bitcoin’s movements, the $58,500 price mark is seen as a critical support area to hold and Poppe has predicted that if Bitcoin continues to trade above this level, it could experience a massive pump to new all-time highs in October 2024.
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