CandleFocus When Will the New ATH Come in Bitcoin? Famous Analyst Said "Very Close", Shared His Expectations!
2024-09-26
Author: Content Editor
According to Bitget chief research analyst Ryan Lee, Bitcoin may be on the verge of reaching a new all-time high (ATH) as it hovers between $64,000 and $63,000. Lee noted that if history repeats itself, Bitcoin could test the new ATH in about a month, from the third week of October to November. However, he also mentioned that there may be fluctuations in price, with occasional corrections and sales. The intensity and extent of these corrections will depend on the US elections, as investors may be hesitant to sell if they anticipate a bullish rally under a pro-Bitcoin president. Lee also highlighted that recent moves by the Federal Reserve and the People's Bank of China to lower interest rates have increased optimism among investors and made risky assets like Bitcoin more attractive.
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