Bitcoin has been experiencing a bullish trend, with its price increasing 7.88% since September 1. Analysts predict a potential rally that could surpass the all-time high of $73,794. Comparisons with previous halving years also suggest a possible skyrocketing of the BTC price in the next three months of 2024. Historical data shows significant gains for Bitcoin in October, further supporting the optimistic outlook. The short-term chart reveals a V-shaped recovery, with a potential breakout that could challenge the $69,848 resistance. Technical indicators also indicate a positive move for Bitcoin in the short-term.



Other News from Today