After Bitcoin (BTC) failed to hold its price above the $60,000 mark, a cryptocurrency analyst has maintained that the asset will likely reach new highs in the coming months.
This projection comes after Bitcoin experienced a notable price consolidation, with analysts suggesting that it aligns with the post-halving movement before a possible rally.
In this context, crypto trading expert Mikybull Crypto, in an X post on August 20, pointed out that Bitcoin is poised for another all-time high in the last quarter of the year. Notably, the analysis highlighted Bitcoin’s cyclical behavior, particularly its performance during the “Summer Phase” in previous years.
Bitcoin price analysis chart. Source: TradingView
Notably, Bitcoin’s price tends to consolidate or experience slight declines in these phases, as observed in both 2022 and 2023. However, these periods are typically followed by a sharp upward movement, which Mikybull Crypto suggests is about to occur again in 2024.
We współpracy z: https://finbold.com/analyst-sets-bitcoins-price-for-q4-2024/
