High Bitcoin (BTC) price predictions as of late

TL; DR

Analysts are predicting a significant bull run for bitcoin, with a “golden cross” likely to emerge.
Some experts anticipate short-term corrections, recommend caution to investors.

Bullish forecasts

The major cryptocurrency went through improved volatility last week, with its price ranging from $64,000 to $68,000. currently, Trading around $67,300, many analysts expect a bull run in the coming months.

An example is the X user titan of crypto, who. It is estimated. BTC “golden cross” may be on the horizon. The event occurs at the 50-day moving average (MA). Crosses above The 200-day MA. Historically, these events have been the precursor to a significant rally for a major digital asset.

According to Titan of Crypto, this time the “golden cross” can be created by of crossing of MA100 can be seen along with MA200 and by the end of 2024. The commentator said it had never happened before.guess A “very sudden bull run” as a result.

On the other hand, X user Gel He argued That's what he said. bitcoin He may repeat his performance several months ago. The trader noted that between December 2023 and February 2024, consolidated prices fell sharply for a short period. Duration of timeand later entered the bull run.

The same reinforcement and short correction You are registered. More recently, BTC may be on track to chart a new all-time high in the coming months, a Jelle chart shows.

Another X user He thinks BTC's “Perfect Mode is loading. They were predicting a drop to $50,000 in September before the “final scrap” climbed to $100,000. The end of the year.

Bears

On the other hand, some industry participants believe that BTC may be headed south in the short term. of Famous Analyst Ali Martinez It has been preserved The TD series indicator has presented a sell signal on the hourly chart, which means a short correction may be in the cards.

The analysis tool developed by Tom Demark is used to identify potential reversal moments by indicating periods of trend weakness. It consists of nine consecutive candles, each of which should be closed above it close Four candles earlier. Earlier today (July 26), BTC fell below $67,000, indicating bearish activity (according to Martinez).

If we talk about Bitcoin bears, one should mention Peter Schiff. The American stockbroker and financial analyst are known for their strong position The encryptionoften criticizing and advising investors to exit the ecosystem.

Most recently, he predicted many of them From the people they hold BTC will test the extent of their pain. “I Really People who decide they can't take the pain any longer think they'll be better off than those who grin and bear it,” he added.

It is worth noting that Schiff's anti-BTC predictions were numerous so true Incorrect at the end of 2023 It is estimated. that Property He was being led. The failure of the “Black Swan”. While the price of BTC hovered around $42,000, several months later it reached an all-time high above $73,500.