CandleFocus Bitcoin’s Momentum Builds, But Reclaiming $60,000 is Crucial, Says Analyst
2024-09-14
Author: Content Editor
Bitcoin's volatility continues, but there are signals of a potential bullish run. Crypto analyst Captain Faibik predicts Bitcoin could reach $68,000 by the end of the month if it reclaims the $60,000 level and highlighted the potential for a Broadening Wedge pattern breakout that could push the price to $88,000 - $90,000 by Q4. Analyst Willy Woo suggests Bitcoin is in a "re-accumulation" phase and could move towards new all-time highs in the short to medium term. However, macroeconomic conditions, such as dropping bond rates, could impact Bitcoin's price movement.
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