{"id":137778,"date":"2024-09-23T20:30:01","date_gmt":"2024-09-23T17:30:01","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137778"},"modified":"2024-09-23T18:04:25","modified_gmt":"2024-09-23T15:04:25","slug":"could-bitcoin-hit-155000-by-year-end-heres-what-analysts-are-saying","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/could-bitcoin-hit-155000-by-year-end-heres-what-analysts-are-saying\/","title":{"rendered":"Could Bitcoin Hit $155,000 by Year-End? Here\u2019s What Analysts Are Saying"},"content":{"rendered":"<p>James Van Straten focuses on <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin\u2019s<\/a><\/strong> performance during previous market cycles, particularly looking at the recovery since the lows following the FTX collapse in late 2022.<\/p>\n<p>He presented a chart demonstrating how Bitcoin&#8217;s current price movements closely resemble those from earlier cycles at similar stages. Van Straten emphasized that the consistency of price action from the cycle\u2019s bottom is a strong indicator, suggesting the current trajectory could mirror the last two cycles.<\/p>\n<p>He pointed out that both previous cycles experienced significant gains through September, leading to extended rallies that culminated in market peaks. This trend indicates that Bitcoin may be positioned for a substantial rise if it continues to reflect past behavior.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/october-historically-boosts-bitcoin-will-uptober-deliver-again\/\" title=\"October Historically Boosts Bitcoin: Will &#8216;Uptober&#8217; Deliver Again?\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/02\/Bitcoin-2-1-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">October Historically Boosts Bitcoin: Will &#8216;Uptober&#8217; Deliver Again?<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Van Straten noted that Bitcoin is already up about 300% from its recent low, and if it follows the historical pattern, prices could indeed align with the previously mentioned range.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Out of all the graphs, TA etc, <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> from the cycle low continues to be the most valid. The most interesting part is all 3 cycles they all finished September HIGHER.<\/p>\n<p>Currently up around 300% from the low.<\/p>\n<p>If BTC were to finish EOY between the two previous cycles, which it\u2026 <a href=\"https:\/\/t.co\/Q4ek32Q4fs\">pic.twitter.com\/Q4ek32Q4fs<\/a><\/p>\n<p>\u2014 James Van Straten (@btcjvs) <a href=\"https:\/\/twitter.com\/btcjvs\/status\/1837876978466070691?ref_src=twsrc%5Etfw\">September 22, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>However, he also warned that while these historical patterns are insightful, they do not guarantee future outcomes. He concluded that if the economy avoids a recession, such price levels could be achievable.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An analyst has outlined potential scenarios for Bitcoin&#8217;s price, projecting it could close 2024 within the range of $108,000 to $155,000 if historical trends continue.<\/p>\n","protected":false},"author":7,"featured_media":114930,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-137778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Could Bitcoin Hit $155,000 by Year-End? 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