{"id":143503,"date":"2024-11-28T16:30:47","date_gmt":"2024-11-28T14:30:47","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=143503"},"modified":"2024-11-28T12:33:59","modified_gmt":"2024-11-28T10:33:59","slug":"analyst-forecasts-bitcoin-to-break-110k-as-market-cycle-heats-up","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/analyst-forecasts-bitcoin-to-break-110k-as-market-cycle-heats-up\/","title":{"rendered":"Analyst Forecasts Bitcoin to Break $110K as Market Cycle Heats Up"},"content":{"rendered":"<p>Dave the Wave stated that <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a> <\/strong>is still on course to break into the six-figure range, despite its recent dip below $95,000. He attributes this potential surge to Bitcoin\u2019s historical four-year market cycles, suggesting that a parabolic price move is still on the horizon.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">One positive IF the <a href=\"https:\/\/twitter.com\/hashtag\/btc?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#btc<\/a> price does correct is that it has as yet not gone parabolic\u2026 remaining in a technical upward channel. <a href=\"https:\/\/t.co\/1zNTLy3PPu\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/1zNTLy3PPu<\/a><\/p>\n<p>\u2014 dave the wave\ud83c\udf0a\ud83c\udf13 (@davthewave) <a href=\"https:\/\/twitter.com\/davthewave\/status\/1861494937004712332?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">November 26, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Dave highlights that Bitcoin has yet to experience a parabolic rally, instead remaining within a technical upward channel. This observation, paired with his analysis, suggests that Bitcoin could soon rise to $110,000.<\/p>\n<p>He also anticipates Bitcoin\u2019s price could top $200,000 by next year, noting that the cryptocurrency is already on track to reach its mid-cycle target, with the possibility of breaking into the six-figure territory soon.<\/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\/top-altcoins-with-rising-sentiment-post-market-recovery\/\" title=\"Top Altcoins with Rising Sentiment Post-Market Recovery\">\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\/2022\/07\/altcoins-6-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Top Altcoins with Rising Sentiment Post-Market Recovery<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The analyst ties these movements to Bitcoin\u2019s halving events, which historically have led to price increases due to a reduction in the supply of new coins, with the most recent halving occurring in April.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A well-known crypto analyst, celebrated for his accurate predictions, believes Bitcoin has not yet entered its most explosive market phase.<\/p>\n","protected":false},"author":3,"featured_media":72861,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[72],"class_list":["post-143503","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Analyst Forecasts Bitcoin to Break $110K as Market Cycle Heats Up<\/title>\n<meta name=\"description\" content=\"A well-known crypto analyst, celebrated for his accurate predictions, believes Bitcoin has not yet entered its most explosive market phase.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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